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Informist, Wednesday, Oct. 30, 2024

 

MUMBAI – India's Basmati rice exports rose nearly 11% on year to $2.8 billion in Apr-Sept, according to data collected by the Agricultural and Processed Food Products Export Development Authority. In terms of volume, basmati rice exports rose to 2.7 million tonnes in Apr-Sept from 2.3 million tonnes in the same period last year.   

 

Non-basmati rice exports plunged to 4.7 million tonnes during Apr-Sept from 6.9 million tonnes in the same period last year. In terms of value, exports fell on year by 16.8% to $2.25 billion from $2.7 billion.

 

The government has removed the minimum export price of $490 per tonne on non-basmati white rice. The decisions came in the backdrop of ample availability of rice, which was at an all-time high of over 31 million tonnes as of Oct. 1. The government, had earlier banned the export of non-basmati white rice in July 2023, lifted the ban in September but then had imposed a minimum export price of $490 per tonne.

 

The total exports of farm products and processed foods fell slightly by 0.6% on year to $12 billion in Apr-Sept from the corresponding period a year ago.

 

Exports of meat, dairy, and poultry products rose 7% on year to $2.2 billion in Apr-Sept. Exports of processed fruits and vegetables rose nearly 12% on year to $1.2 billion in Apr-Sept.

 

The data also showed that pulses exports rose nearly 8% on year to $349 million in Apr-Sept. Exports of guar gum rose 8.2% on year to $280 million. India is the world's largest producer of guar gum. Exports of groundnut fell to $341 million from $346 million a year ago.

 

The following table details the exports, in tonnes, of India's major farm products in Apr-Sept compared with the previous year, and the on-year change in percentage:

 

Commodities	2024-25  (Apr-Sept)	2023-24  (Apr-Sept)	Change (in %)
Basmati rice	2,720,239	2,307,772	17.8
Non-basmati rice	4,652,220	6,881,319	(-)32.4
Pulses	316,164	304,573	3.8
Groundnut	287,646	254,675	12.9
Guar gum	227,079	216,322	4.9
Other cereals	258,161	1,272,851	(-)80

 

End

US$1 = INR 84.08

 

Reported by Taniva Singha Roy

Edited by Akul Nishant Akhoury

 

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