Tuesday, October 11, 2005

Rice Export from India

Rice exports from India
India’s rice exports during the current calender year (CY 2005) are expected to increase to 4.5 million tons Large exports in June and July are mostly to African countries and Saudi Arabia. Although rice exports to Bangladesh have declined sharply since May, a resumption in exports to Bangladesh over the coming months is likely.
Rice exports remained strong in May at 425,000 tons (100,000 tons basmati and 325,000 tons non-basmati), Exports were mainly to Nigeria, Saudi Arabia, South Africa, Ivory Coast, and other African countries. One Indian rice exporter made the lowest offer, at $258.75 per ton, to supply 20,000 tons of parboiled rice against the Bangladeshi tender for 50,000 tons.
According to a report by GLobal Agriculture Information Network (GAIN), government rice procurement in marketing year (MY) that ended in June 2005 reached a record 24.2 million tons, compared with the previous record of 22.9 million tons in MY 2003/04.
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