Indian Rice Exporters Unlikely To Seek Export Duty Rollback Amid High Demand Of Indian Rice In Global Markets
World’s largest rice exporter, India, commands about 40% of the global rice trade and is followed by Vietnam and Thailand in terms of rice exports.
India’s Rice Production
Despite kharif output being lower, India will likely benefit from a record-high crop this season through June. In comparison to last year’s 130.5 million metric tonnes (MMT), the Ministry of Agriculture estimates that 130.83 MMT of rice will be produced this year.