In the first 7 months of the financial year 2021-22, there has been a strong increase of 33 percent in exports. In the first seven months of the financial year 2020-21, i.e. between April and October, 11.79 million tonnes have been exported against 8.91 million tonnes in the same period this year.
India can set a record in rice export this year.
The export of agricultural and processed food products from India has increased significantly in recent years. Every year the figure is increasing. This time also, exports from this region are expected to perform well, while the export of rice may reach a record level this year. Market experts expect that by the end of the financial year, India will be able to export 200 lakh tonnes of rice this time.
In the first 7 months of the financial year 2021-22, there has been a strong increase of 33 percent in exports. In the first seven months of the financial year 2020-21, i.e. between April and October, 11.79 million tonnes have been exported against 8.91 million tonnes in the same period this year. Experts say that even in November and December, spectacular figures have come out. If this trend continues, then India will improve its record of last year. Last year, India exported about 18 million tonnes of rice, which is a record.
Rice export may reach 200 lakh tonnes
Due to the results of the first 7 months and continued growth in exports, it is expected that this time the figure of rice exports will reach around 20 million ie 200 lakh tonnes, which will be a new record for India. Last year, India exported a total of 17.72 million tonnes of rice to other countries.
There has been a boom in the export of non-basmati rice
The increase in export of non-basmati rice has given new opportunities for export of rice from India. According to a report, among agricultural and processed food products, non-basmati rice topped the list of top exporting products. In the top three products exported in 2020-21, the share of non-basmati rice has been 23.22 percent while the share of basmati rice has been 19.44 percent.
The export of non-basmati rice was Rs 35,477 crore in 2020-21, in which the export of Basmati rice was second with Rs 29,850 crore. Benin, Nepal, Bangladesh, Senegal and Togo were the top importers of non-basmati rice from India in 2020-21. At the same time, Basmati rice was sent to Saudi Arabia, Iran, Iraq, Yemen and UAE the most in 2020-21.
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