The basmati rice export policy of the Indian government is designed to protect the industry and ensure that the quality of basmati rice continues to be high. The policy also aims to promote Indian exports and help create jobs in the basmati rice sector.
Basmati rice, which comes from the Hindi word basmati, meaning fragrant, is distinguished by its unique, almost floral aroma and taste. It has become one of the most popular types of rice in many countries around the world due to its quality and reputation as being one of the finest varieties of aromatic rice available. However, it wasn’t always this way – in fact, basmati rice was only introduced to India from Iran via Pakistan some 3,000 years ago!
India is the largest producer of Basmati rice in the world and many countries around the world import basmati rice from India. Basmati rice is a fragrant long grain rice that comes from the Indo-Gangetic plains of India and Pakistan. Basmati is considered to be one of the most popular varieties of rice because of its ability to absorb flavors from other ingredients and retain its own flavor. Basmati is mainly used for making Indian dishes like biryanis, pulaos and curries.
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Basmati rice is one of the most popular types of rice all over the world. It is a very aromatic rice that is native to the Indian subcontinent and has become extremely popular in the Middle East, Gulf Arab countries, Europe, the USA, and Canada.
The major exporters of long-grained rice to the world market are India, Myanmar, Pakistan, and Vietnam. Currently, the prices for raw long-grained rice from India are hovering around 340-350 dollars on a fob basis, which is much less than other countries, giving Indian exporters an edge in African and Southeast Asian markets.
Intermittent rains during October 2021 have caused severe damage to paddy fields in several parts of India and production is expected to decline by up to 20 percent. As a direct impact, the price of Basmati has already increased by as much as Rs. 2000 per quintal.
Basmati Rice is a variety of long, slender-grained aromatic rice, which hails traditionally from the Indian subcontinent. It is a ‘one-of-a-kind’ specialty rice variety that has been grown for centuries at the foothills of the Himalayan range.
Basmati Rice is one of the most demanded ingredients in the world. It is an indispensable staple diet. As India is the world’s largest producer of quality basmati and non-basmati rice, a huge amount of rice is exported to the world annually. A large portion of the rice export by India contributes to the world economy. The delicacy and aroma of Basmati rice hypnotize people, thus adding more rice-loving people to its forte. It has an average length of 7.5mm to 8.8mm with a potential to expand twice its kernel size after cooking.