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India rice exports surge 22% after Bangladesh ramps up purchase

The boost in shipments from the world's top exporter of the grain is set to extend into 2018

Reuters  |  Mumbai | Dhaka 

India's rice exports likely jumped 22 per cent in 2017 to a record 12.3 million tonnes as neighbouring Bangladesh ramped up purchases after flooding hit its crops, industry officials told Reuters. The boost in shipments from the world's top exporter of the grain is set to extend into 2018 as Bangladesh and Sri Lanka continue to buy aggressively amid depleting inventories in No.2 exporter Thailand, the officials said. "Bangladesh was actively buying throughout 2017. It offset the impact of slightly weaker demand from African countries," said M. Adishankar, ...

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First Published: Wed, January 10 2018. 16:28 IST
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