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Informist, Thursday, Dec. 5, 2024

 

MUMBAI – India's basmati rice exports rose 14.3% on year to $3.38 billion in Apr-Oct, according to data collected by the Agricultural and Processed Food Products Export Development Authority. In terms of volume, basmati rice exports rose to 3.24 million tonnes in Apr-Oct from 2.61 million tonnes in the same period last year. 

 

Non-basmati rice exports dropped to 5.77 million tonnes during Apr-Oct from 7.32 million tonnes in the same period last year. In terms of value, exports fell on year by 3.9% to $2.79 billion from $2.90 billion.

 

The government lifted the ban on the export of non-basmati white rice in September and further removed on Oct. 23 the limitation of minimum export price of $490 per tonne because of ample availability of rice in the domestic market. 

 

The total exports of farm products and processed foods rose 3.8% on year to $14.51 billion in Apr-Oct from the corresponding period a year ago.

 

Exports of meat, dairy, and poultry products rose 7.2% on year to $2.69 billion in Apr-Oct. Exports of processed fruits and vegetables rose 13.4% on year to $1.42 billion in Apr-Oct.

 

The data also showed that exports of pulses rose nearly 10% on year to $405 million in Apr-Oct. Exports of guar gum rose 2.5% on year to $325 million. India is the world's largest producer of guar gum. Exports of groundnut fell to $413 million from $424 million a year ago.

 

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

 

Commodities	2024-25  (Apr-Oct)	2023-24  (Apr-Oct)	Change (in %)
Basmati rice	3,243,611	2,608,444	24.4
Non-basmati rice	5,768,957	7,317,760	(-) 21.2
Pulses	365,720	304,573	7.3
Groundnut	353,550	317,772	11.3
Guar gum	261,209	256,083	2.0
Other cereals	298,946	1,325,887	(-) 77.5

 

End

US$1 = INR 84.73

 

Reported by Sandeep Sinha

Edited by Deepshikha Bhardwaj

 

 

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