India's non-basmati rice exports rise by 27% in 2021-22

Image
Capital Market
Last Updated : Apr 20 2022 | 3:04 PM IST

Export of non-basmati rice was the top forex earner across all agri-commodities during the period under review.

According to the date from the Directorate General of Commercial Intelligence and Statistics (DGCIS) India had exported non-basmati rice worth USD 6,115 million in 2021-22, which is higher by 27.4% as compared with exports of USD 4,799 million recorded in 2020-21. The country had exported rice worth USD 2,015 million in 2019-20.

The data further showed that India exported rice to over 150 countries across the globe in 2021-22. This indicates the diversification of India's rice export over the years.

Highlighting the achievement in a tweet, Union Minister Piyush Goyal said that Modi government's policies have helped farmers to get access to the global markets and also ensure food security.

"In collaboration with our foreign missions, we have coordinated development of logistics as well as focus on the production of quality produce, which has boosted India's rice exports prospects, Dr M. Angamuthu, Chairman, Agricultural and Processed Food Products Export Development Authority (APEDA), said.

India's thrust on expanding port handling infrastructure, developing of value chain involving key stakeholders along with efforts to explore new opportunities in countries or markets for rice exports in the last couple of years have led to a huge spike in rice exports.

The record exports would enable the rice producers to reduce their stocks and would also benefit the farmers as the increased demand for Indian Rice is likely to improve their realizations.

As per Second Advance Estimates for 2021-22, the total production of Rice during 2021-22 is estimated at a record 127.93 million tonnes, which is higher by 11.49 million tonnes than the last five years' average production of 116.44 million tonnes.

India is the world's second-largest rice producer after China.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 20 2022 | 2:42 PM IST

Next Story