Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
Non-basmati rice exports may exceed target on strong buys from China, Bangladesh.
Feb 04, 2022
As non-basmati rice shipments clock a 52 per cent growth in the first nine months on robust purchases by countries such as China and Bangladesh, exporters are hopeful of exceeding the targeted 16 million tonnes (mt) for the current fiscal.
Non-basmati rice shipments crossed 12.53 mt in April-December 2021 as compared to 8.25 million tonnes in the same period last year. In value terms, the non-basmati rice shipments were up 46 per cent at $4.48 billion as compared to $3.07 billion in same period last year. In 2020-21, India’s non-basmati rice exports stood at 13.08 mt valued at $4.796 billion compared with 5.03 mt valued at $2.034 billion in the previous year.
'We were targetting 16 million tonnes for the current financial year. Going by the current trend, the shipments may touch 17 million tonnes,' BV Krishna Rao, President of The Rice Exporters Association, said.
Top buyers
Largest buyer this year, so far, Bangladesh has purchased a record 1.53 mt against a mere 13,811 tonnes in the same period last year. In value terms, the Bangladesh rice purchases were over $596 million ($13.47 million).
'Bangladesh, which has been an aggressive buyer since January last year, has slowed down purchases now. China’s purchases are seen topping a million tonnes. We feel China’s purchases will be more as long as the corn prices are high. China is buying brokens to meet the feed requirements,' Rao said.
China has imported about 9.05 lakh tonnes in April-December compared with 33,705 tonnes in the same period last year. In value terms, China’s rice buys from India has exceeded $275 million ( $10.29 million).
Similarly, other countries which have scaled up their purchases include Vietnam, Sri Lanka, Nepal, Senegal, Somalia and Indonesia among others.
Vietnam has bought over half a million tonnes during April-Dec this year, more than eleven times that of the same period previous year. Vietnam imported 5.66 lakh tonnes valued at $187 million as compared to 48,581 tonnes valued at $15.4 million in the previous year.
Some markets like Nepal, Mozambique are stable, while several countries including Malaysia, Togo, Saudi Arabia, the UAE, Russia and Iraq have scaled down their purchases.
Crop projections
As per the first advance estimates, India is expected to harvest a record 107.04 mt of rice, the main kharif cereal crop. Kharif planting of rice was at a record 411.46 lakh ha over the normal area of 395.66 lakh ha. However, in the ongoing rabi season, the rice acreage has seen a decline at 23.61 lakh ha as on January 21, over the normal area for the season of 42.5 lakh ha.
thehindubusinessline
Archive