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India’s rice exports likely to top last year’s performance.
Jul 20, 2021

India will likely continue its dominance in the global rice market this fiscal, too, with its competitive offerings. Non-basmati rice exports are likely to exceed last fiscal’s record shipments of 13.08 million tonnes (mt) or at least remain around that level, according to trade and industry experts.
Besides record non-Basmati shipments, India, the world’s largest rice exporter, also exported 4.6 mt of Basmati rice. Totally, rice exports fetched Rs65,297 crore against Rs45,426 crore in 2019-20.
However, realisations from exports could be affected since panic purchases by some countries witnessed last fiscal are missing.

Business Line