India Exports 7.9 Million Tons of Rice in April – December 2013; Up 5% Y-o-Y.

India’s total rice (basmati and non-basmati) exports in April – December of the fiscal year 2013-14 (April 2013 – March 2014) stand at around 7.9 million tons, up about 5% from around 7.5 million tons in the corresponding period in FY 2012-13, according to provisional data by the Agricultural and Processed Food Products Export Development Authority (APEDA).
In terms of value, total rice exports in April – December FY 2013-14 earned about Rs. 335,437 crore (around $5.6 billion), up about 41% from around Rs. 238,225 crore (around $4,363 million) during the corresponding period in FY 2012-13. In terms of USD, exports grew by 28% in April – December FY 2013-14.
India’s basmati rice exports in April – December FY 2013-14 have increased to about 2.74 million tons in April – December FY 2013-14, up about 13% from around 2.41 million tons during the same period in FY 2012-13. In terms of value, basmati rice exports earned about Rs.206,496 crore (around $3.46 billion) in April – December FY 2013-14, up about 60% from around Rs.129,355 crore (around $2.37 billion). In terms of the USD, basmati rice exports grew by 46% in April – December FY 2013-14 compared to the previous year.
India’s non-basmati rice exports stand at about 5.17 million tons in April – December FY 2013-14, up about 1% from around 5.09 million tons during the same period in FY 2012-13. In terms of value, non-basmati rice exports earned about Rs.128,940 crore (around $2.13 billion) in April – December FY 2013-14, up about 18% from around Rs.108,871 crore (around $2 billion) in the same period in FY 2012-13. In terms of the USD, non-basmati rice exports have increased around 7% in April – December FY 2013-14 compared to the previous year.
The President of the All India Rice Exporters Association (AIREA) says that India’s total rice exports are likely to reach a record high this year to around 11 million tons, up about 8% from around 10.2 million tons exported in FY 2012-13. Basmati rice exports are expected to reach 4 million tons in FY 2013-14, up about 14% from 3.44 million tons in FY 2012-13, while non-basmati rice exports are likely to reach 7 million tons, up about 4% from 6.72 million tons exported in FY 2012-13, according to the AIREA President.
The AIREA President says India’s basmati exports have increased sharply this year due to high demand in Iran, which is building its reserves. According to official sources, India exported about 1.18 million tons of basmati rice to Iran in April – December FY 2013-14. India’s basmati exports to Iran accounts for about 43% of India’s total basmati exports so far this year.

Brown Mang Onwuka

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