Page 3 - Basmati Exports

India earns Rs 180 bn per year from export of basmati rice: Agri minister

ICAR has released 189 varieties of basmati rice in last six month

Basmati exporters expect higher output on good monsoon forecast

The forecast of a good monsoon and projected rise in basmati paddy sowing is likely to mean more earnings for its exporters in the current season, though the volume of shipments is not expected to change.Of all paddy production, basmati accounts for about 6.6 million tonnes (mt); last year's sowing was on 1.6 mn hectares. This year's monsoon forecast and farmers' better realisation last year is projected to result in more sowing. That translates to a lower purchase price for processors and exporters. The volume of export is not expected to go up, due to difficult economic conditions in the key markets of the Gulf and European Union.In 2016-17, basmati export was about four mt, with almost 80 per cent to the Gulf countries, Iran and Iraq. "Our projection is that export would remain at last year's level; new markets have not been explored," says Gurnam Arora, joint managing director, Kohinoor Foods, which send out 150,000 tonnes a year.The domestic basmati market is also expanding and ..

Iran's delay in resumption of imports to hinder Basmati exports' recovery

However, this as a temporary delay, considering Iran's insufficient domestic rice production

Basmati exports on credit banned

An Apeda official forecast India's basmati exports would rise 5 per cent by volume in 2016-17

Land routes opened for basmati exports to Bangladesh, Nepal

Basmati exports dropped 20.4% in value terms to $585 mn (Rs 3,901 cr) in April-May this year, against $735 mn (Rs 4,651 cr) in the corresponding period last year