October 09, 2014

09/10/2014: India expected to emerge biggest rice exporter in 2015

by Madhvi Sally, ET Bureau

India may become the largest exporter of rice next year amid higher demand anticipated from African and Middle East countries and competitive prices.


"In calendar year 2015, India should emerge as the largest exporter of rice — both basmati and non-basmati. From four million tonnes of annual export of non-basmati rice, we should be able to export seven million tonnes," said BV Krishna Rao, managing director of Pattabhi Agro Foods, the country's biggest exporter of non-basmati rice.

Mr Rao said basmati and non-basmati rice exports should be 10-11 million tonnes, a level last seen in 2012.

Surplus rice stockpiles in the country and improved methods of production have helped position India competitively in the global rice market. With the paddy harvesting season having started earlier this month, local rice prices are expected to fall further.

Read more HERE.

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