India exported around 10.81 million tons of rice (including basmati and non-basmati) in the first eleven months of FY 2014-15 (April - March), up about 8.5% from around 9.96 million tons exported during the same period in FY 2013-14, according to provisional data released by the Agricultural and Processed Food Products Export Development Authority (APEDA).
In value terms, India’s total rice exports have earned around Rs.43,722 crore (around $7.16 billion) during April 2014 – February 2015, up about 2% from around Rs.42,733 crore (around $7 billion) earned during the same period in FY 2013-14. In USD terms, value of rice exports during the eleven-month period increased by about 2% y/y.
India's basmati rice exports have declined about 4% to around 3.3 million tons in April 2014 - February 2015 from around 3.44 million tons exported during the same period in FY 2013-14.
In value terms, basmati rice exports declined to about Rs.25,087 crore (around $4.12 billion) during the first eleven months of FY 2014-15, down about 5% from around Rs.26,515 crore (around $4.4 billion) earned in the same period in FY 2013-14. In USD terms, India’s basmati rice exports declined by 6% y/y in April 2014 – February 2015.
India's basmati rice exports were primarily impacted due to Iran's ban on rice imports since November 2014.
India’s non-basmati rice exports in April 2014 - February 2015 increased to around 7.51 million tons, up about 15% from around 6.52 million tons recorded in the same period in FY 2013-14.
In value terms, non-basmati rice exports earned about Rs.18,635 crore (around $3 billion), up about 15% from around Rs.16,218 crore (around $2.67 billion) in the same period in FY 2013-14. In dollar terms, non-basmati rice exports increased by 12%y/y during the ten-month period.
Source:oryza.com
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