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Basmati rice exports poised to cross one million tonne mark
Basmati export is poised to cross the one million tonne mark for the first time with exports in value terms slated to touch Rs 2000 crore during 2004-05.

"We expect to cross the one million (10 lakh tonne) mark for 2004-05," Agricultural and Processed Food Products Export Development Authority (APEDA) chairman K S Money told PTI.

The basmati export till January this year touched nearly eight lakh tonne as against nine lakh tonne during 2003-04.

One of the distinguishing features of basmati export has been its enhanced demand from the US buyers.

The emergence of US as a leading importing country is an encourging happening for the domestic rice exporters, Money said.

According to the estimates of US Department of Agriculture, "Exports by India are projected to steadily rise over the next decade as its high internal prices stimulate production and exportable supplies."

Global rice trade is projected to average a 2.3 percent annual growth rate from 2005 through the end of decade, according to the projection.

The US demand for basmati rice originates mainly from the Asian community living there, an APEDA official said.

India’s rice exports from January through mid-April 2005 are estimated at around 1.3 million tons. Official trade data for January show exports at 445,000 tons, including 134,000 tons to Bangladesh (mostly by land) and 28,000 tons to Sri Lanka. Other major destinations were Saudi Arabia, Nigeria, and South Africa.

Unofficial data, compiled from information provided by a private shipping agency, show exports at 221,500 tons in February, 290,200 tons in March, and 327,650 tons thru mid-April.
This does not include rice shipments to Bangladesh by land route. The following table shows January 2005 rice exports by destination.

Tons Basmati Non-basmati Total
Australia 271 83 354
Bahrain 104 514 618
Bangladesh 200 134,129 134,329
Belgium 834 132 966
Canada 772 114 886
Djibouti 0 560 560
France 661 0 661
Germany 2,067 10 2,077
Guinea 1 5,000 5,001
Italy 2,746 22 2,768
Kenya 0 625 625
Kuwait 10,600 2,978 13,578
Malaysia 0 0 0
Mauritius 547 337 884
Mozambique 0 10,500 10,500
Netherlands 530 23 553
Nigeria 0 67,600 67,600
Oman 112 328 440
Qatar 395 474 869
Saudi Arabia 66,718 13,348 80,066
Singapore 121 1,314 1,435
Somalia 0 0 0
South Africa 147 14,595 14,742
Sri Lanka 0 27,670 27,670
Sweden 316 0 316
UAE 3,031 11,913 14,944
UK 6,841 346 7,187
USA 2,701 565 3,266
Yemen 1,136 9,432 10,568
Zimbabwe 0 0 0
Other 2,310 39,222 41,532
Total 103,161 341,834 444,995
MGR Archive 19.4.2005
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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