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India Exports Basmati Rice Worth 16k Crore in Apr-Oct

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India exported 2294787 metric tonnes of Basmati rice worth 16,963 in the April-October peiod, said an official release.

India is the largest exporter of Basmati rice, which is one of the major varieties of aromatic or scented rice, said the statement.

While there is a marginal decline of 3.28%in quantity terms, in value terms the exports have grown by 11.54%. As such, there is no question of any major hardship due to non-export of basmati rice.

The major export destination for basmati Rice are Iran, Saudi Arabia, Iraq, UAE, Kuwait, Yemen Republic, USA, and UK.

The Agricultural & Processed Food Products Export Development Authority (APEDA), an autonomous organisation under the administrative control of Department of Commerce, has been mandated with the export promotion of Basmati rice.

APEDA has been able to register Basmati Rice as a Geographical Indication (GI) in February 2016. APEDA, in collaboration with the trade, has also established Basmati Export Development Foundation (BEDF), which undertakes various activities for development and export promotion of Basmati rice.

Moreover, APEDA has also been providing assistance to the Basmati rice exporters under various components of its export promotion scheme.

SMEStreet Edit Desk

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