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Indian companies to export Basmati rice to Europe
The Basmati rice of Uttaranchal will now be exported to European countries and also to south Indian states. “We will soon start exporting Basmati rice, specially, Dehraduni Basmati to European nations,” said Agriculture Minister Mahendra Singh Mahra.

Satnam Overseas Ltd and KRBL have signed an agreement with Uttaranchal Basmati rice growers to buy and market their product in the international market. Delhi-based Satnam Overseas, which sells the Kohinoor brand rice, has assured to buy organic Basmati paddy at Rs 22.50 per kg and Pusa organic Basmati paddy at Rs 15 per kg while Haryana-based KRBL, which sell rice under the brand name of India Gate Basmati would procure Basmati paddy at Rs 22.50 per kg.

“The rates of organic Basmati paddy are the highest in the country,” Mahra said. The two companies have given assurance that they would display the name of Uttaranchal on their rice bags which will be sent abroad. Efforts are also being made to send separate consignments of the Basmati to other parts of the country. The agreement with these two companies would remain effective for three years after which it can be extended.

According to official statistics, a total of 500 hectares of land is under organic Basmati rice cultivation in Uttaranchal on which nearly 800 tones of paddy is grown every year. The demand for Basmati rice is rapidly growing in Europe especially in Germany, Switzerland, Holland, Italy and the Scandinavian nations.

As the demand for the Basmati rice grows, the Uttaranchal government has decided to expand the cultivation to 800 hectares from the present 500 hectares. Farmers too are being encouraged to grow organic Basmati.
MGR Archive 11.7.2006
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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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