NEW DELHI (Commodity Online): India, the largest cultivator and exporter of basmati rice, seeks new global markets as the India’s production for 2011-12 stands at 4.5 million tons.
“India is looking for new international markets for its quality basmati rice in China and Mexico,” a senior official of Agricultural and Processed Food Products Export Development Authority (APEDA), Business Line reported.
In 2010-11, the country exported 2.2 million tons of rice to more than 100 countries.
Basmati rice has $1,100 per ton in international markets.
India also looks towards expanding market in the CIS countries like Russia, Tajikistan, Turkmenistan, Uzbekistan, Ukraine, etc.
The consumers of Indian basmati rice include US, UK, UAE, Iran, Kuwait and Europe.
The country’s contributes almost 60% of the world output and Pakistan’s contributes the rest of the 40%.
