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Krishi VaartaOutlook Agriculture
Basmati Rice Exports Upsurge by 6.25%
During the first 11 months of FY 2018-19, basmati rice exports increased by 6.25% to 38.55 lakh tonnes during the first 11 months of April-February. A senior APEDA official said basmati rice exports increased to 38.55 lakh tons in the first 11 months of the current fiscal year 2018-19 compared to 36.28 lakh tons in the same period last fiscal year 2017-18.
Total exports of basmati rice is estimated to exceed three lakh tonnes in the financial year 2018-19 due to increased demand from Iran, Iraq, and the USA. Pusa 1,121 Basmati Rice Sella exports to Iran are rising from 82,000 to 84,000 rupees per tonne. Exports of non-basmati rice, however, decreased by 16.55% over the period and total exports reached 67.11 lakh tonnes. Non-basmati rice exports have declined due to the drop in African countries' imports along with Bangladesh. Source- Outlook Agriculture, April 12, 2019 If you find this information useful, click on the yellow thumbs up sign under the photo and also share this with your farmer friends using the options given below.
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