The COVID-19 has affected the economic conditions of the world, and due to this, the share market that was on a peak has fallen. Due to the COVID-19, the countries are initiating a complete lockdown. It is also affecting the imports and export system of the nations. Because of COVID-19, there are many threats and opportunities for the Indian Agro Exports. In this blog, you will know about the risks and opportunities on the Indian Agro Export. So first, we will discuss the threats and then the Opportunities.
#What are the threats to Indian Agro Exports due to COVID-19?
The outbreak of COVID-19 hits hard on the export of Banana:-
Due to the worst effect of the coronavirus on the world, countries like the European Union(EU) and South Asia are also affected by it. These were the countries that were importing our agriculture products to their nations. Due to disruption in logistics, both air and ship, the exports are facing significant disruptions. Also, within these two weeks, the prices of the Banana have fallen by 30% in the state of Maharashtra and Andhra Pradesh.
There is a decline in exports to the US and Japan:-
As the inspectors of the countries of the US and Japan were first inspecting and then finalizing the orders but now they are not coming to check the products as there is a ban for travelling across the countries. Hence the exporters are not able to export the products.
#What are the opportunities for Indian Agro Exports due to COVID-19?
India has an opportunity to export Potatoes because of trade restrictions in China:-
As the trade restriction can be initiated against China, and even the trade can be stopped from China, we can export potatoes to the countries importing potatoes from China. According to the analysis report, India can fulfill the demand for importing food products to the countries that were relying on China for food products.
European Union(EU) gave relaxation to fruit import:-
Early there was a physical certification for food safety, animal, and health standards. But now the European Union(EU) has given some relaxation to the physical certification and accepting online certification. The online accreditation of any relevant exporting authority is acceptable and preferred, as all the countries are facing the pandemic disease COVID-19. Hence Indian agro products and fruits can be exported to the European Union.
Conclusion:-
The blog describes the threats and opportunities that can be caused due to COVID-19 pandemic disease that is infecting the whole world. The blog is based on the market intelligence that was circulated by the APEDA.
If you need any help regarding APEDA Registration and Import Export Code feel free to contact us our Toll Free number 180030702070, Our Business advisor will explain you in details.
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