Question:

Which of the following agriculture commodities has the highest import during 2017-18?

Show Hint

India's #1 Agri-Import commodity: Vegetable/Edible Oil.
India's #1 Agri-Export commodity: Basmati/Non-Basmati Rice and Marine Products.
  • Sugar
  • Maize
  • Tobacco
  • Vegetable oil
Show Solution
collegedunia
Verified By Collegedunia

The Correct Option is D

Solution and Explanation


Step 1: Understanding the Concept:

National agricultural trade balance analysis evaluates major agricultural import and export commodities by volume and foreign exchange value.

Step 2: Detailed Explanation:

India is the world's largest importer of edible vegetable oils (importing palm oil from Indonesia/Malaysia and soybean/sunflower oils from South America and Ukraine).
During 2017--18, vegetable oil accounted for over 50% to 60% of India's total agricultural import bill (exceeding Rs. 70,000 crores 14 million tonnes), making it by far the highest agricultural import commodity.

Step 3: Final Answer:

Hence, Vegetable oil had the highest agricultural import, corresponding to option (D).
Was this answer helpful?
0
0