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.
Basmati is long and slender grained aromatic rice that is delicious in taste. It becomes fluffy and twice its original size once it is cooked. It is grown in the foothills of the Himalayas in India and Pakistan with India producing two-thirds of the total global supply. As of now, it is the staple of many Indian dishes and is also enjoyed as part of delectable cuisines across the world.
Introduction to Indian Basmati Rice:
Basmati Rice is a major Kharif crop that grows on every continent except Antarctica. For hundreds of years, it is the most common staple food for millions of people. More than 3.5 billion of the world population receives 20% of daily food calories from rice only.
India is the largest producer of Basmati rice in the world, as buyers across the globe prefer this rice more than any other variety. Basmati rice refers to ‘Grain that holds a Pleasant Smell’. It’s been a constant matter of concern for many basmati rice exporters that how to export their produce to the global rice market and without worrying about the authenticity of the importers.
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.
Rice is an important ingredient of the global diet. It is a rich source of carbohydrates. As such, people around the globe consume it for its rich calorific value. With the rise of globalization and liberalization, even countries deficient in rice production started exporting rice from the surplus production countries.