Rupee Depreciation Expected to Boost Rice Exports

24-Dec-2025 11:32 AM

New Delhi. Thanks to robust domestic production, stable prices, and the depreciation of the rupee, Indian rice exports are expected to reach new heights this year.

According to available data, rice exports surged to 184.90 lakh tonnes during the first 10 months of the current year (January-October 2025), a 37 percent increase compared to the same period last year.

With Indian rice currently priced competitively in the international market, the exporters' association predicts an overall increase of approximately 25 percent in total rice exports this year compared to last year.

The government has ample stocks of rice and wheat, so there is no threat to national food security. Therefore, the government will not need to impose any controls or restrictions on rice exports.

The supply and availability of this important food grain remain very comfortable in the domestic market, and prices are stable.

Exporters are not facing any difficulty in procuring rice to fulfill their contracts. Although exports of Basmati rice to Iran may be partially affected due to the monetary crisis there and the high 50 percent tariff in the US, demand remains strong in other importing countries.

The import ban on rice in the Philippines over the past three to four months has caused significant difficulties for Vietnam, forcing it to look for new markets.

This has increased the supply of rice in the global market. The Philippines has been the largest buyer of Vietnamese rice.

It is expected that the import ban on rice in the Philippines will be lifted next month, which will provide India with an opportunity to further improve its export performance.

India is the world's largest exporter of rice, contributing approximately 42 percent to total global exports.