India’s exports of basmati rice grew by 11.54 per cent to Rs 16,963 crore during April-October this fiscal, official data showed.
In April-October 2017-18, the exports stood at Rs 15,208 crore.
In volume terms, however, the exports declined to 22.95 lakh tonnes in April-October 2018-19 as against 23.72 lakh crore in the same period last fiscal.
“While there is a marginal decline of 3.28 per cent per cent in quantity terms, in value terms the exports have grown by 11.54 per cent,” the Commerce and Industry ministry said in a notification.
The major export destination for basmati rice are Iran, Saudi Arabia, Iraq, UAE, Kuwait, Yemen, the US, and UK.
The Agricultural & Processed Food Products Export Development Authority (APEDA), an autonomous organisation under the Department of Commerce, has registered Basmati Rice as a Geographical Indication (GI) in February 2016, a move aimed at promoting outbound shipments.