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
Basmati exports rise for 3rd year in a row.
Nov 10, 2023
Driven by the heightened international demand and price rise, the export of basmati has been on the upswing for the third consecutive year. The ascending prices of long-grain premium basmati varieties in global markets have yielded substantial profits for traders and farmers.
The export statistics provided by the Agricultural and Processed Food Products Export Development Authority (APEDA) underline the growth trajectory of India’s basmati rice, with exports and trade steadily expanding year after year. Between the April-August periods of 2021-22 and 2023-24, the rice trade in international markets has witnessed a staggering 71 per cent upswing, generating a whopping Rs 7,620.32 crore. In the current fiscal, the basmati exports have reached Rs 18,310.35 crore, with the country exporting 20.10 lakh metric tonnes (LMT).
In comparison, the corresponding period in 2022-23, saw the basmati rice exports of Rs 15,452.44 crore, with the shipping of 18.75 LMT. Similarly, in 2021-22, India exported 17.02 LMT of basmati rice, generating Rs 10,690.03 crore. The export swelled despite a broader decline in India’s agricultural exports, attributed to the government’s restrictions on wheat, non-basmati rice and sugar exports. The All India Rice Exporters Association (AIREA) reports an optimistic outlook for global rice production, anticipated to reach 54.225 million tonnes, mainly attributable to improved yields in both India and Brazil.
Vijay Setia, the former president of AIREA, says: 'Export of basmati rice is on the rise, and traders are highly active due to growing demand. We anticipate a substantial uptick this year, underscored by a surge in orders from Middle Eastern nations, signifying positive market dynamics'.
Ongoing paddy harvest in key basmati-producing states like Haryana, Punjab, and Uttar Pradesh has been particularly lucrative for basmati growers, with traditional basmati prices exceeding beyond Rs 6,000 per quintal, and other premium varieties like Pusa 1121, 1718, and Moochal fetching around Rs 4,500 per quintal. The sudden spike in Basmati paddy in grain markets of northern parts of the country followed the Central Government’s decision to reduce the minimum export price (MEP) for long-grain basmati rice from $1,200 per tonne to $950 per tonne on October 23.
The average export prices of basmati rice in international market has witnessed a sudden increase in the past one year as it has reached to around $1,050 per tonne against $850-900 per tonne in 2021 and 2022. But, the spike in export is likely to affect the basmati rice prices in the domestic market as well, as the traders are focused on exports.
tribuneindia.com
Archive