WHAT IS BASMATI RICE?
Basmati Rice is a type of rice that is grown in the Himalayan region of India and Pakistan. It is aromatic, long-grained, and non-sticky rice. It has been traditionally cultivated in Punjab, Haryana, Himachal Pradesh, Delhi, Uttarakhand, Uttar Pradesh, and Bihar states in Northern India. In today’s time, it has also been exported to the USA, Canada, and many other countries across the globe where the demand for Basmati Rice is gaining ground due to its unique characteristics.
Basmati means “the fragrant one” in the Sanskrit language. When you cook Basmati Rice it releases a pleasant aromatic smell that can delight any food lover’s mind.
In Indian cuisine, Basmati Rice is used to make Pulao/Biryani dishes.
INDIAN BASMATI RICE MARKET
If you’re interested in importing Indian basmati rice, it’s important to understand the industry.
India’s basmati rice exports are substantial: more than 10 million tons are produced annually, a bulk of which goes to more than 100 countries across the world. India is the largest exporter of basmati rice and accounts for nearly half of all basmati rice exported worldwide. The United States is one such country that buys large quantities of Indian basmati rice—mostly a blend of various types of different qualities—and it can be expected that this pattern will continue as long as its current level of demand exists. It should be noted that India produces a wide variety of varieties of Basmati Rice; there is not just one kind. Though the popular white Basmati Rice has predominated for centuries, red-rice varieties have been gaining popularity in recent years with their distinctive flavor and aroma.
WHO ARE THE LARGEST BUYERS OF BASMATI RICE FROM INDIA?
The largest buyers of bulk basmati rice from India are listed as follows:
- United Arab Emirates
- Saudi Arabia
- Sri Lanka
The top importing countries outside Asia are:
- United States
- United Kingdom
INDIAN BASMATI RICE QUALITY CONTROL REGULATIONS
- Exports of Processed Basmati Rice
- Exports of Semi-Processed Basmati Rice
- Exports of Raw Basmati Rice
These exports are generally made in the following forms:
HOW CAN I START EXPORTS OF INDIAN BASMATI RICE?
You need to be well aware of the market demand and supply, which is always helpful in deciding what type of product you want to export. To do this, you must identify the target country and port. After that, you have to define the type of basmati rice you want to export. Then find potential buyers in the target market. Identify Indian basmati rice exporters who sell a variety of premium quality products and provide standard services such as delivery, packaging, and so on.
These are a lot of things you have to do before you can export right?
DOCUMENTATION REQUIRED FOR EXPORTING INDIAN BASMATI RICE FROM INDIA
Rice Exporters in India from the major rice-growing states of India such as Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, and Telangana have been exporting basmati rice for many years. To export basmati rice online there are certain mandatory documents that are required to be submitted to government authorities and also there is a set format for these documents which needs to be followed. In this article, we would discuss the documentation required in order to export Indian Basmati Rice from India.
DOCUMENTS REQUIRED FOR EXPORTING INDIAN BASMATI RICE FROM INDIA
There are various types of documents required for exporting Indian Basmati Rice from India depending upon the type of sale that has been agreed between the buyer and seller. Majorly these documents can be classified into three types:
Documents Required by Buyers
Documents Required by Banks
PERMITS ARE REQUIRED FOR EXPORTING INDIAN BASMATI RICE FROM INDIA
As an Indian exporter, you need to be aware of the most important documents you need to prepare for exporting rice from India. These documents are mandatory and will help your export clearance and processing be faster at customs. The next section explains what these documents are and how they are required for successful importation and exporting.
- Agency Registration Number (ARN): This is a number with letters and numbers assigned by the Export Inspection Council of India (EXIIC) to your firm as an importer or exporter of food products. It serves as proof that your company exists in INDIA.
- Certificate of Analysis (COA): This is a certificate issued by the Food Safety Authority of India (FSAI). The COA is issued after the results of analysis have been verified to be correct by the Food Authority itself or their lab partner’s laboratory. The Certificate will state that the rice was sampled from specified fields, at a specified time and under specified conditions, grown in specified farms, etc., was found to conform to standards prescribed by FSSAI regulations on specific quality parameters i.e., it will have all relevant certifications like “We certify that this sample conforms with standards laid down by Food Safety & Standards Authority”.
- Certificate of Origin (CO): This certificate is a declaration made by you stating that one field sample has been taken at source country during harvesting season in such & such year, under such & such climatic conditions; was duly packed in appropriate containers according to destination country requirement; was prepared/weighed out / labeled according to destination country requirements; bears official stamps affixed thereto; bears all marks and seals affixed thereto showing certification therein approved by competent authorities, etc.; bears an international invoice bearing all necessary details on which it has been accepted for shipment, mentioned/mentioned date(s), quantity(s), lot numbers, etc.; bears FOB Destination marks as certified by customs broker/agent along with a certificate for Customs clearance obtained through Customs agent
HOW CAN I CONTACT A TRUSTED AND RELIABLE BASMATI RICE EXPORTER IN INDIA?
You can easily find a basmati rice exporter in India through B2B trade portals like Tradologie.com. The best way to start your search is by typing in your location and the product you’re looking for.
But it’s very important to conduct thorough research on the supplier you’ve chosen. Go through their product reviews as well as their buyer ratings and certifications. Also, check if they have any complaints against them filed with the Indian Rice Exporters Association or any other regulatory body, and look at their previous export records to see how long they have been exporting rice to your country.
Before making a purchase, always ask for samples of the products you intend to buy from them so that you can assess their quality yourself before placing a full order – this will help minimize the risk of receiving substandard goods from them once your order is placed.
Moreover, make sure that the exporter has experience exporting Basmati rice into your local market – this will ensure smooth customs clearances without any delays due to lack of experience or improper documentation on their part.
You can skip all these steps without any doubt if you trade through Tradologie.com because the platform has verified ready-to-buy global buyers.
WHERE CAN I FIND THE LATEST IMPORT DUTY ON INDIAN BASMATI RICE IN MY IMPORTING COUNTRY?
- You can find the latest import duty rates for Indian Basmati Rice on the website of the importing country’s customs authority. Alternatively, you can check with your local customs authority, as these duty rates often change.
- The import duty rate charged on Indian Basmati Rice is usually based on either the weight or value of a product (the higher of the two figures will be used). For example, if your product attracts 10% duty and weighs 1kg, you will be charged $10. If it attracts 10% duty and has a value of $100, you will also be charged $10.
If done well, exporting Indian basmati rice can be lucrative for exporters.
Basmati rice exports have been on an upward spiral over the past few years. Exports of basmati rice in the year to September 2018 were 24% higher than in the previous year, according to data by India’s Directorate General of Foreign Trade. The Indian government has taken several measures to boost exports of basmati rice and other food items with a view to maintaining food security as well as generating revenue from overseas sales.
In India, Punjab is one of the leading states for basmati rice production, along with Haryana, Uttar Pradesh, Uttarakhand and Rajasthan. Basmati rice exported from these states is popular in countries like UAE, Saudi Arabia and Kuwait. Some exporters also ship their products to countries such as Sri Lanka, Singapore and Malaysia.