India is a major non-basmati rice exporter in global markets giving stiff competition to Vietnam. Thailand and the USA are the other two countries producing and exporting parboiled rice and 100% broken rice. In the financial year 2021, India witnessed an increase in exports driven by record-high sales of non-basmati (13.9 million tons) and Basmati rice (4.6 million tons). According to the Agriculture and Processed Food Products Export Development Authority (APEDA), the shipments of Non-Basmati Rice rose 115.44 percent to $3.51 billion in April-January 2020-21 from $1.63 billion in the same period in 2019-20.
India is the second-largest producer of rice after China and also the largest exporter of rice in the world. Production of rice in the country increased from 53.6 million tons in FY 1980 to 120 million tons in FY2020-21. India has exported rice valued at nearly 653 billion Indian rupees in the fiscal year 2021. This figure is significantly higher than the previous year’s export which had amounted to over 454 billion Indian rupees.
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.
Introduction to Jasmine Rice
Termed as the Queen Of Premium Aromatic Rice varieties, Jasmine Rice is solely cultivated in the bountiful regions of Thailand and Vietnam.
As Per the statistics, Thailand is one of the largest rice exporters in the world, constantly topping the list with its premier quality and exceptional taste.
Jasmine rice is also known as Thai Fragrant Rice or Hom Mali rice. It was originally grown in Thailand, where it is known as Khao Hom Mali. Hom Mali rice has been grown in the Thai subcontinent for millennia. It was first cultivated for the royalty of the Kingdom of Siam.
Rice is one of the major food items in many countries. It is consumed by a majority of the human population worldwide. It grows in moist conditions, which are common in the Asian region. The Philippines and China are the leading rice importing countries during 2020.
IR-64 Rice is one of the most essential staple diets in the world. India is the largest exporter of rice followed by China, Pakistan, Thailand, and Bangladesh due to the fertile plains and suitable climate conditions. To overcome, the hindrance of environmental factors IR-64 was developed in the Philippines. IR-64 has various benefits for both buyers and sellers alike. The rice endures strong resistance towards environmental factors. It is one of the most economically viable non-basmati rice brands available in the market. The rice has acquired a chunk of global market size purely on the basis of its merits.
Rapid advancement in technology brought a fresh change to agricultural and commodity trading. A few decades back, agricultural products and commodities trading used to take place at local markets and mandis. Middlemen, intermediaries, and brokers had a large say in the price control mechanism.
Produced in the fertile plains of north India, Sugandha rice is hybrid traditional basmati rice with no aroma. Cooking Sugandha rice can elongate it up to 14-15mm and is a common replaceable variant of traditional basmati rice. Sugandha rice is long, slender and needs proper warehouse storage. The rice is one of the preferred varieties of Indian rice and has a good global market.
Starting a rice export business requires few certifications and a good quality rice supply, but sustaining the success is comparatively tougher than other sectors. It requires more than just fine dining, an excessive study of different parameters. In the rice export from India speed and convenience contribute to the demand and supply, not just a good customer base. If you understand the most important key factors affecting Indian rice exports, you are more likely to have a seamless rice export cycle than your counterparts.