Millennium Post

Rice exports up 6% at 8.44 million tonnes in Apr-Dec 2014

Rice exports up 6% at 8.44 million tonnes in Apr-Dec 2014
India's rice exports rose by 6.1 per cent to 8.44 million tonnes during the April-December period of current fiscal compared to 7.95 million tonnes in the same period of 2013-14.

In value terms, rice exports stood at Rs 35,157.38 crore during the period this fiscal against Rs 33,647.45 crore in the year ago period, Parliament was informed on Friday.

Export of basmati rice during the nine-month period of this fiscal declined by 6.19 per cent to 2.57 million tonnes from 2.74 million tonnes in the same period last year, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha. Iran is the largest importer of
basmati rice from India.

"During the current year, Iran had significant carry over stocks from domestic production and heavy imports in past two years and hence has imposed a restriction on issue of import permits from October 2014," she said. Exports to Iran during the nine-month period declined to 705.52 thousand tonnes as against 1.18 million tonnes during the same period last year.

Other major export destinations for basmati rice are Saudi Arabia, Iraq, Kuwait and the UAE. Major export destinations of non-basmati rice include Benin, Bangladesh, Senegal, South Africa and Liberia.

Replying to a separate question, the minister said India's automobile exports have increased by 16.92 per cent at 3,322,581 units during April-February this fiscal.
PTI

PTI

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