Indian Basmati Rice Exports Surge 22% to $5.2 Billion in Apr 2023- Feb 2024
New Delhi, April 27 -- Exports of high-quality basmati rice from India grew robustly during the April 2023 to February 2024 period, driven by strong demand primarily from West Asia.
According to data from the Indian government's commerce department, basmati rice exports increased by 22 per cent in value terms to USD 5.2 billion compared to the same period a year ago.
In volume terms, exports of the premium rice variety rose 14 per cent to 4.68 million metric tonnes between April 2023 and February 2024, upfrom 4.1million metric tonnes in the corresponding previous period.
The surge in exports comes amid measures taken by the Indian government to boost domestic supply and control inflation. In July 2023, authorities banned exports of non...
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