After Africa and China, Bangladesh looks to buy non-basmati rice

After Africa and China, Bangladesh looks to buy non-basmati rice
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Synopsis
India saw a surge in farm exports in FY21, a pandemic year. The surge was driven by record-high sales of rice-13.9 million tonnes of non-basmati and 4.6 million tonnes of basmati - and sales of 2.08 mt of wheat, a six-year high.
Bangladesh has floated a tender to buy 50,000 tonnes of non-basmati rice from India, adding to the growing overseas demand for the commodity and raising hopes that this fiscal will be good for Indian rice exporters.
"The move augurs well for the country's non-basmati rice trade," Vinod Kaul, executive director of All India Rice Exporters Association (AIREA), told ET, adding that Bangladesh is likely to buy the 50,000 tonnes of rice through the National Agricultural Cooperative Marketing Federation of India (Nafed).

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