The Russia Ukraine war could be one the reasons for the exports surge in Chattisgarh. The exports nearly tripled during the past three years. Exports reached Rs.25,241.13 crore in FY 21-22 against Rs 9067.92 crore worth of exports in FY 2019 -20.
Exports of iron and steel surged 7.5 times, rice shipping increased 4.68 times and exports of aluminium and its products doubled. There is excessive levels of price volatility in major commodities due to the conflict and continued effects of covid 19. This might make a jump in the state's rice and ferroalloys exports.
Chattisgarh is a major exporter of ferroalloys. Ukraine and India is among the countries in the world in terms of production and foreign trade. The void left by Ukraine due to the war is intended to be filled by India.
In the backdrop of war the demand for rice has increased as supply of maize and wheat has been affected with unstable prices. Chattisgarh is already in the country's top spot in terms of shipping non basmati rice, and Chattisgarh will get a direct benefit from increasing its rice export volume. Rice exports from Chattisgarh was worth Rs,8,559.12 crore in 2021-22 compared to RS 1,827.01 crore in 2019-20.
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