India’s non-basmati rice exports have dropped by about 90 per cent year-on-year in September with the Government curbing shipments through ban and levy and African nations looking to buy the grain from Vietnam and Thailand.
“Rice exports are just 10 per cent in September this year compared with the same period a year ago,” said New Delhi-based exporter Rajesh Paharia Jain.
“Parboiled rice exports are down to 10 per cent of the normal shipments,” said VR Vidya Sagar, Director, Bulk Logix.
Fears over yield
The Government banned exports of white rice on July 20 and followed it up with a 20 per cent export duty on August 26. At the same time, it fixed $1,200 a tonne as the minimum export price (MEP) for Basmati rice exports. Earlier this week, Food and Commerce Minister Piyush Goyal said the MEP would be cut to $850 but no orders have been passed yet.
India has curbed rice…
