Non-Basmati rice exports of India are likely to cross 17 million tonnes this financial year
Rice
India
Published Feb 12, 2022
Tridge summary
Exports of non-Basmati rice are poised to cross 17 million tonnes (MT) for the current financial year. Exports have already crossed 12.53 MTfor the current season against 13 MT for the entire 2020-21 season, BV Rao, president, Rice Exporters Association (REA), told Financial Express.
Original content
According to data released by the association, non-Basmati rice exports have recorded a 51.8% rise between April and December last year, over the previous year’s corresponding period, due to high purchases made by China and Bangladesh. Non-basmati rice shipments crossed 12.53 MT over April-December 2021, compared to 8.25 MT in the same period last year. In value terms, the non-basmati rice shipments were up by 46% at $ 4.48 billion compared to $ 3.07 billion same time last year. In the April to December 2021 period, Bangladesh imported 1.58 MT in the current year, as against 13,811 tonne for the same period the previous year. In value terms, this translates to $596 million for the April-December 2021 period as against $13.47 million for the April to December 2020 period. Rao said that although Bangladesh has been the largest purchaser of non-Basmati rice from India in the 2021 period, the country has not been buying from India for the last four months since their purchases are ...
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