India’s rice exports are expected to decline in this financial year as the impact of export curbs starts showing. This may cause India to lose its position in the global trade market, exporters said.
India’s non-basmati rice exports hit a record high in FY23.
But exports are seen declining in FY24 as the impact of a 20% export duty on non-basmati varieties is expected to start reflecting from April onwards, said Vinod Kaul, executive director of All India Rice Exporters Association.
In FY23, India exported 17.79 million tonnes (MT) of non-basmati rice as compared with 17.3 MT in FY22, while broken rice exports were 23% lower on year at 3 MT because of a ban on shipments imposed to keep domestic prices down.
この記事は Mint Mumbai の May 04, 2023 版に掲載されています。
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