India's rice exports rises 30% during April-Sept period

Posted by Daily Shipping Times on 10-11-2017        Tweet

India's total farm exports jumped by 13 per cent during April-September primarily driven by Rice, which contribute nearly 44 per cent to the Country’s annual farm shipments

NEW DELHI: India's shipments of Rice rose by over 30% in dollar terms and 25% in rupee terms during April-September as European buyers built inventories in anticipation of tighter quality tests effective November 1.

India's total farm exports jumped by 13 per cent during April-September primarily driven by Rice, both basmati and non-basmati, which contribute nearly 44 per cent to the Country’s annual farm shipments, the Agricultural and Processed Food Products Export Development Authority (APEDA) said.

The value of Basmati Rice exports jumped to $2.13 billion in April-September from $1.63 billion in the same period a year ago. Exporters’ realisation rose to $997 a tonne from $789 a tonne last year. Rice exports were 2.13 million tonnes in April- September, up from 2.07 million tonnes in the same period of 2016.

The European Food Safety Authority (EFSA), in a communication to APEDA, said Basmati Rice from India needed to pass through a pre-shipment residue test for 22 pesticides from November 1. APEDA clarified that the minimum residue limit for propiconazole was under review.