Millennium Post

Rice exports to touch record 10 million tonnes

Rice exports from India are estimated to be a record 10 million tonnes in 2011-12 marketing year, that ended last month, on strong demand and competitive prices, says a report.

India re-entered the rice exports market in September 2011 after a four-year ban on exports of non-basmati rice.

According to the US Department of Agriculture, rice exports estimated for India are revised upward by two million tonnes to a record 10 million tonnes in the 2011-12 marketing year [October-September] after taking into account official trade reports.

It said that the country is estimated to have shipped 8.2 million tonnes of rice in the first nine months of FY12 marketing year. Of which, 5.5 million tonnes was non-basmati rice and 2.7 million tonnes basmati rice.

‘Assuming some spillover of export shipments lying at Kakinada to October, rice exports during July-September are likely to exceed 1.8 million tons, which will take rice exports in 2011-12 to a record 10 million tonnes,’ it added.   
PTI

PTI

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