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Indian exporters eyeing 30% rise in overseas aromatic rice shipments to 3-million tonnes

July 23, 2011 Leave a comment

Indian exporters are looking for more than 30% surge in the international aromatic rice exports to 3-million tonnes in the present fiscal year, said Mr Vijay Setia, President of All-India Rice Exporters Association.

Last year, India has exported 2.2-million tonnes of basmati rice, out of which more than 80% was exported to Gulf countries, consisting of Saudi Arabia, Iran, Kuwait and Yemen. Exporters are of the opinion that Iraq imports 1.5-million tonnes of the premium variety of rice.
The surging demand from the traditional markets such as Iran and Saudi Arabia will also help the rice exporters raise the shipments to the target point.
All-India Rice Exporters Association has recommended that government should allow just one-third of the net rice exports on a credit basis and the rest should be done against cash payment.