Non-basmati rice exports increased 27 per cent to touch $6.115 billion in the Financial year 2021-22, while it was $4.799 billion in last year. Since 2014, non-basmati rice exports have increased by 109 per cent.
India exported rice to over 150 countries in Financial Year 2021-22, said, Directorate General of Commercial Intelligence and Statistics (DGCIS). Non-basmati rice was the top forex earner among all agricultural commodities during Financial Year 2021-22, said, The Commerce Ministry.
M. Angamuthu, Chairman, Agricultural and Processed Food Products Export Development Authority (APEDA), said, “In collaboration with our foreign missions, we have organized development of administration as well as clear on production of quality produce, which has improved India’s rice exports expectation.”
India’s thrust on increasing port handling infrastructure, development of value chain involving key participants, and exploring new markets in the last couple of years have led to the hike in rice exports, the release said.
In Spite of, the administration challenges caused by the Covid-19 pandemic, India continues to expand its rice exports footmark in the African, Asian and European Union markets, thus having the largest share in the international rice trade. The robust global demand also helped India’s growth in rice exports.
Particularly, India is the second largest rice producer after China. The record exports would enable rice producers to reduce their stocks and collect good returns for farmers.