India’s rice exports are projected to rise to a record 22 MT in 2022-23 and account for 40% of global shipments despite a possible dip in domestic production during the period, the United States Department of Agriculture (USDA) has stated. While stating that India has huge supplies of exportable rice and very competitive prices, USDA has projected that country of the next three-biggest exporters are Thailand, Vietnam, and Pakistan.
India exported rice to over 100 countries in 2021-22. “It indicates the change of India’s rice export over the years,” a commerce ministry official said. Our country’s rice production in the 2022-23 crop year could drop to 128.5 million tonnes (MT) mainly because of a lack of monsoon rains mostly in the eastern regions, The United States Department of Agriculture (USDA) has stated.
The reduction in rice production is expected based on a 1 million hectare reduction in harvested area to 46 MH. It stated that ‘ India’s rice production since 2015- 16’. USDA has projected India’s domestic rice utilization at 108.4 MT for 2022-23.
India’s rice production increased to a record 130.29 MT in the 2021-22 crop year (July-June), an increase of close to 5% compared to the last crop year. Out of 21 MT of rice shipment in 2021-22, India exported more than 17 MT of non-basmati rice and the rest of the volume was aromatic and long grain Basmati rice. In terms of volume, Bangladesh, China, Benin, and Nepal are five major export nations of rice.
