Sharp decline of 34 percent in rice exports during the first quarter

01-Jul-2024 11:32 AM

New Delhi. Compared to last year, during the first quarter of the current financial year (2024-25) i.e. April-June 2024, the total export of rice from the country declined by 34 percent to 32 lakh tonnes.

It is known that the government has already banned the commercial export of 100 percent broken rice and non-basmati white rice and imposed an export duty of 20 percent on Sela rice. However, limited export of broken rice and white rice continues at the government level.

According to senior official sources, during April-June 2024, compared to April-June 2023, the export of white rice fell by 78 percent to 3 lakh tonnes, the export of Sela Chaal fell by 11 percent to 15 lakh tonnes and the export of broken rice fell by 8 percent to 3 lakh tonnes.

It is noteworthy that 20 percent export duty was imposed on broken rice in September 2022 and on sella rice in July-August 2023. On the other hand, during the period under review,

the export of Basmati rice increased by 16 percent to 11 lakh tonnes. It remains in good demand in the Gulf countries. According to the available data,

during the entire period (April-March) of the financial year 2023-24, a total of 157 lakh tonnes of rice was exported from India, which included shipment of 23.60 lakh tonnes of white rice, 5.45 lakh tonnes of broken rice and 75.70 lakh tonnes of sella rice. The remaining export was of Basmati rice.