Rice is the staple food for half of the world's population and 90% of global rice production is in India and other Asian countries. India is the second leading producer of rice after China. Its current production is 115 M metric tons annually.
There are two broad classifications of rice- basmati rice and non-basmati rice. Non-basmati rice is cultivated across states in the country, whereas basmati rice is grown only under the foothills of the Himalayas encompassing the states of Punjab, Haryana, Uttarakhand, Himachal Pradesh, Delhi, Western Uttar Pradesh and three districts of Jammu and Kashmir falling in the Jammu division.
As per the basmati rice export data, India’s export of rice has been showing a tremendous increase over the years. During 2017-18 a total quantity of 12.71 million tonnes of rice, comprised of 4.06 m tonnes of basmati valued at
Rs.26,870 Cr ($ 4,169M) and non-basmati rice 8.65 m tonnes valued at Rs.22,968 Cr ($ 3,564M) were exported from India.
Presently Iran, one of the largest importers of Indian basmati, accounts for one-fourth of Indian's exports while European countries import around 8% of Indian rice. Rice is the staple food of the Saudi population making Saudi Arab a major basmati rice importer from India. Some of the major basmati export trading partners of India are -
As per the latest updates by ICAR, Indian basmati rice exports fell by 42% in October 2019 to 485,898 tonnes. Despite being the biggest rice exporter, India's exports decreased by 28% during April-October 2019 owing to a decrease in demand from Iran for basmati rice and African countries for non-basmati rice. Looking at the current trade scenario, basmati exporters in India have to come at the front to boost up the basmati rice export.
Major Basmati exporters in India are -
The Indian government is deliberately working in the direction of export promotion of basmati rice. It announces MSP annually for the rice cultivators. All India Rice Export Association (AIREA) is also working hard to increase the export.
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