1. News

Basmati Rice Export increases by 32%: ICRA

KJ Staff
KJ Staff

Indian Basmati rice has witnessed a growth in its export by 32 percent, says ICRA. This occurs after a three-year consecutive decline in the basmati export.

While the 25 per cent increase was due to better price realisation, the rest was due to increase in volumes, ICRA said in a release. 

The rating agency said it expects the total volume of basmati exports from the country to be 4.1 million tonnes (mt) in the current fiscal, which is an increase of 4 per cent over the previous year.

Export value, on the other hand, is expected to be around ₹26,000 crore in 2017-18 — up 21 per cent from the previous financial year.

Like this article?

Hey! I am KJ Staff. Did you liked this article and have suggestions to improve this article? Mail me your suggestions and feedback.

Share your comments

Subscribe to our Newsletter. You choose the topics of your interest and we'll send you handpicked news and latest updates based on your choice.

Subscribe Newsletters