Basmati rice export earnings increased by 13 percent in April-May

10-Jul-2024 11:15 AM

New Delhi. The trend of spectacular growth in the export of non-Basmati rice continues. Due to tremendous demand from the countries of West Asia and especially Saudi Arabia and Iraq,

the export of Basmati rice increased to 9.65 lakh tonnes during the first two months of the current financial year i.e. April-May 2024,

which was 16 percent more than the shipment of 8.30 lakh tonnes in the same months last year. Similarly, during the period under review,

its export earnings also increased by 13 percent from $ 91.70 million to above $ 1.03 billion. Saudi Arabia was the largest buyer of Indian Basmati rice during this period, where its imports jumped 41 percent from 1.54 lakh tonnes to 2.18 lakh tonnes.

As a result, export earnings also increased by 38 percent from $ 17.70 million to $ 24.40 million. Similarly,

the export of Indian Basmati rice to Iraq reached 1.57 lakh tons with a rise of 27 percent, due to which the export income also increased by 23 percent from 13.084 crore dollars to 16.172 crore dollars. After Saudi Arabia,

Iraq was the second biggest importer of Indian Basmati rice. After this, Iran remained at third position but the export of Basmati rice there decreased by 24 percent from 1.53 lakh tons last year and this time got stuck at 1.16 lakh tons.

Its export to America increased by 43 percent to 46,565 tons and the export income also increased by 45 percent to 6 crore dollars. It remained at fourth position in the import of Basmati rice.