India’s non-basmati rice exports fell by about 57 per cent in quantity and 60 per cent in worth in September this 12 months in comparison with the identical month final 12 months, following a collection of measures taken by the federal government.
Nevertheless, basmati rice exports rose by practically 5.7 p.c in quantity and 20.5 p.c in worth in September 2023 in comparison with the identical month final 12 months, in keeping with information from numerous businesses.
India, the world’s largest rice exporter, on August 26 imposed a 20 p.c export responsibility on parboiled rice, and in addition imposed a minimal export value of $1,200 per tonne on basmati rice.
First printed: November 20, 2023 | 11:18 pm he
