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Informist, Thursday, May 23, 2024
--APEDA: Apr-Mar basmati rice exports $5.84 bln, up 21.9% on year
--APEDA: Apr-Mar non-basmati rice exports $4.57 bln, dn 28.1% on year
MUMBAI – India's non-basmati rice exports in the year ended March plunged 28.1% to $4.57 bln, according to data collated by the Agricultural and Processed Food Products Export Development Authority from the Directorate General of Commercial Intelligence and Statistics. In volume terms, non-basmati rice exports declined 37.5% to to 11.11 mln tn in 2023-24, the data showed.
India banned exports of non-basmati white rice in July on concerns about rising domestic prices. The government, however, allowed exports of white rice to meet the food security needs based on requests from foreign countries.
Basmati rice exports in 2023-24 rose 21.9% on year to $5.84 bln. In terms of volume, basmati rice exports rose 14.9% to 5.24 mln tn in 2023-24, the data showed.
In value terms, basmati accounted for over 23% of the total exports of agricultural products from India, while non-basmati rice accounted for over 18%. The total exports of farm products and processed foods fell 6.4% on year to $25.02 bln in 2023-24 from $26.72 bln a year earlier.
Exports of buffalo meat rose 17.1% to $3.74 bln in 2023-24. Buffalo meat export is the third-highest revenue earner after basmati and non-basmati rice. Exports of processed fruits and vegetables rose 13.8% to $2.04 bln in 2023-24.
Pulses exports fell 2.7% on year to $644 mln in 2023-24, while groundnut exports rose 3.5% to $860.7 mln. Exports of guar gum fell 12.2% to $541.65 mln. India is the world's largest producer of guar gum.
The following table details exports of India's major farm products in Apr-Mar, in tn, compared with the previous year, and the on-year change, in percentage:
|
Commodities |
2023-24 (Apr-Mar) |
2022-23 (Apr-Mar) |
Change (in %) |
|
Basmati rice |
5,242,511 |
4,560,762 |
14.9 |
|
Non-basmati rice |
11,116,713 |
17,786,557 |
(-) 37.5 |
|
Pulses |
594,164 |
762,851 |
(-) 22.1 |
|
Groundnut |
680,688 |
669,112 |
1.7 |
|
Guar gum |
417,691 |
406,531 |
2.7 |
|
Other cereals |
1,596,680 |
3,625,735 |
(-) 56.0 |
End
US$1 = 83.28 rupees
Reported by Sandeep Sinha
Edited by Saji George Titus
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