Buying by China, Bangladesh, African nations doubles exports to over 5 mt
Exports of non-basmati rice have more than doubled to top 5 million tonnes (mt) in the first half of the current financial year on robust demand. Exporters see shipments touching a new high — even 10 mt — as buyers such as China and Bangladesh have started showing interest in the Indian cereal.
Non-basmati shipments stood at 5.07 mt during April-September this year against 2.5 mt in the same period last year. In value terms, non-basmati rice emerged the No 2 agri product exported in H1 of this year, clocking $1.95 billion ($1.01 billion during the corresponding period last year).