India Exports Non-Basmati Rice To China After Three Decades: Hereâs What Exporters Say On Its Long-Term Prospects
by M R Subramani - Dec 21, 2020 11:05 AM
Rice.
Snapshot
Agricultural production in China has been hit by drought and floods over the last four to five years.
Another reason for China turning to India is that rice production in Thailand and Vietnam this year has been affected due to drought.
Indiaâs agricultural exports, particularly rice shipments, have been a revelation this year, when the country has been going through tough times due to the novel coronavirus (Covid-19) pandemic.
Indiaâs rice exports have performed exceedingly well this year on both basmati and non-basmati fronts, with total shipments rising nearly 25 per cent during April-November period of the current fiscal, compared with the same period a year ago.
Two Indian firms bag Bangladesh tender to import 1 lakh tonne non-Basmati rice
Bangla Tribune reported that the Sheikh Hasina Wazed Government’s Cabinet Committee on Government Purchase had last week cleared the purchase through the global tender costing $20.21 million.
Subramani Mancombu
Two Indian firms have bagged global tenders floated by Bangladesh to import one lakh tonnes of parboiled non-Basmati rice to overcome supply shortage and surge in rice prices.
“Two Indian firms have won the Bangladesh rice import tenders. While one firm has bagged the first tender, agreeing to sell 50,000 tonnes rice at $405 a tonne, the other firm will offer another 50,000 tonnes at $416,” said Rice Exporters Association (REA) President B V Krishna Rao.
Despite payment delays in Iran, India’s basmati exports up 33%
In Iran, the biggest buyer of Indian basmati, payments were held up as the country’s central bank delayed allocation of the currency to traders to buy rice and other commodities. December 15, 2020 / 05:58 PM IST
India’s basmati rice exports continue to grow, especially to Iran, despite shippers facing payment problems from the largest buyer of the fragrant grain.
“Basmati exports are doing very well. They are 30 percent higher this year compared with last year,” former president of Delhi-based All India Rice Exporters Association (AIREA) Vijay Setia said.
According to the Agricultural and Processed Food Products Export Development Authority (APEDA), an arm of the commerce ministry, basmati exports in the first half of the current fiscal were up 33 percent at 27.44 lakh tonnes compared with 20.57 lakh tonnes during the year-ago period.
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