India’s non-basmati rice exports triple in three years

Published 2022년 4월 20일

Tridge summary

India's non-basmati rice exports reached $6.11 billion in the 2021-22 financial year, three times the amount from the previous year, making it the top foreign exchange earner among all commodity exports. The country exported rice to over 150 countries, with Benin being a major importer. The government attributes this success to policies that provide access to global markets and ensure food security, as well as improved infrastructure and value chain. Despite COVID-19 challenges, India continues to expand its rice export footprint in African, Asian, and European Union markets. The country is also expected to produce a record 127.93 million tonnes of rice in the 2021-22 season.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India’s exports of non-basmati rice touched $6.11 billion in the 2021-22 financial year (April-May), tripling in three years from $2.01 billion in the 2019-20 financial years, becoming the top foreign exchange earner among all commodity exports, a government statement said. According to trade data, India exported rice to over 150 countries, the statement said, adding that exports of non-basmati rice were valued at $4.8 billion in 2020-21. It quoted Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Piyush Goyal as saying that the government’s policies helped farmers to get access to the global markets and also ensure food security. in 2021-22. “In collaboration with our foreign missions, we have coordinated development of logistics as well as focus on the production of quality produce, which has boosted India’s rice exports prospects,” the statement quoted Dr. M. Angamuthu, Chairman, Agricultural and Processed Food Products Export ...

Source: Indoasiancommodities