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India Exports 7 Million Tons of Rice in April – November 2013; Up 10% from Previous Year

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India’s total rice (basmati and non-basmati) exports in April - November of the fiscal year 2013-14 (April 2013 - March 2014) have increased to around 7 million tons, up about 10% from around 6.39 million tons exported during the corresponding period in the FY 2012-13, according to provisional data by the Agricultural and Processed Food Products Export Development Authority (APEDA). At the current pace, India’s total rice exports are expected to reach around 10.5 million tons in FY 2013-14, up about 3% compared to around 10.15 million tons exported in FY 2012-13.

In value terms, India’s total rice exports have increased sharply to around Rs. 291,243 crore (around $4.884 billion) during April – November 2013, up about 44% from around Rs. 202,846 crore (around $3.716 billion) in the same period in FY 2012-13. In USD terms, value of rice exports grew by 31% during April – November 2013.

India's basmati rice exports have increased to around 2.37 million tons in April - November 2013, up about 11% from about 2.13 million tons exported in the same period in FY 2012-13. In value terms, basmati rice exports surged to about Rs.17,529 crore (around $2.962 billion) during the first eight months of FY 2013-14, up about 56% from around Rs.11,219 crore (around $2.055 billion) earned in the same period in FY 2012-13. In USD terms, India’s basmati rice exports grew by 44% in April – November FY 2013-14.

India’s non-basmati rice exports in April - November 2013 increased to around 4.65 million tons, up about 9% from around 4.26 million tons recorded in the same period in FY 2012-13. In value terms, non-basmati rice exports earned about Rs.11,595 crore (around $1.921 billion), up about 28% from around Rs.9,066 crore (around $1.661 billion) in the same period in FY 2012-13. In dollar terms, non-basmati rice exports grew by 16% during the period.

Courtesy :  http://oryza.com/news/rice-news/india-exports-7-million-tons-rice-april-...

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