Corona Virus Impact on Agri Trade: India eyes to grab China’s market share of agri-products

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Corona Virus Impact on Agri Trade: India eyes to grab China’s market share of agri-products

Indian Coffee export to Italy and Gulf countries will also suffer

ANN | New Delhi | 14 March 2020

As China’s exports have plummeted due to coronavirus outbreak, India is eyeing to grab China’s market share of agri products. COVID 19 pandemic has affected global supply chains, slowed down business activity and blocked transport across the world’s second-largest economy. However, the Indian coffee export to Italy and gulf nations will also fall owing to Corona Virus.

India has identified 21 agricultural products, including honey, potatoes, grapes, soya beans and groundnuts, in which Indian exports could benefit from trade restrictions against Chinese goods.

The total value of China’s global exports of these products amounted to $5488.6 million in 2018. India exported $4,445.9 million worth of these commodities in the same period and could now have a chance to grab part of China’s market share.

According to business reports, China’s overall exports got decreased by 17.2 per cent in January and February while imports fell by 4 per cent.

However, India’s agri export of some items will also suffer especially the coffee. The Coffee consuming countries – Italy and Gulf nations, the main buyers of Indian Coffee, have advised people not to go out in public places to check the spread of Corona virus. Italy is the largest buyer of Indian Coffee.

About 70% of the coffee produced in the country is exported.