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India non-basmati Rice exports up 34% in Apr-Jan
Commodity Online | March 14 2018
UPDATED 14:57:13 IST

Indian Basmati Rice may face decline in export

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India's non-basmati Rice exports during April-January jumped 34 percent from a year earlier to 7.02 million tonnes as Bangladesh, Benin and Sri Lanka raised purchases, a government body said.

The boost in shipments from the world’s top exporter of the grain is set to extend as Bangladesh and Sri Lanka continue to buy aggressively amid depleting inventories in No.2 exporter Thailand, the officials said.

Traditionally the world’s fourth-biggest rice producer, Bangladesh emerged as a major importer of the grain in 2017 after floods damaged crops and pushed domestic prices to record highs.

Bangladesh sourced more than 80 per cent of its 2017 imports of 2.4 million tonnes from India.

Rice production in India is expected to climb to a record 111.01 million tonnes this crop year, 1.2% higher than last year’s output.


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