During April-January of FY20, exports were down by nearly 18% (y-o-y) at $5.03 billion — basmati was $3.4 billion and non-basmati was $1.63 billion.

Govt sets up separate panel for rice exports under Apeda
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Rice Trade Facts

1.Global rice exports are highly concentrated where the top five exporters (Thailand, India, Viet Nam, Pakistan, and the United States, in that order) control 87% of global net trade.

2.The five top importers of rice are responsible for about 30% of the total global trade, and the top ten are responsible around 50% of total rice imports worldwide. Many of the major players, including the most recent top importer, China, are located in Asia, which is the continent most responsible for shifts in the world’s rice market. Other significant rice-importing countries include Nigeria, the Philippines, Iran, and Indonesia.

Wednesday, May 13, 2020