Categories: Economy

India continues to feed the world as its non basmati rice exports increase by 288% in April

<p>
India, which emerged as the largest global supplier of rice in 2020-21, has once again registered over 280 per cent increase in exports of the grain in April—the first month of this financial year.</p>
<p>
Several countries including neighbouring China and Bangladesh are likely to continue importing Indian rice, about $80-100 cheaper than the grain exported by Thailand and Vietnam. Rice production in these countries has been severely impacted due to the ongoing Covid 19 pandemic.</p>
<p>
In April this year, India’s exports of non-basmati rice stood at 1.6 million tonnes. In the corresponding month last year, the country exported a little less than 45,000 tonnes.</p>
<p>
<strong>Also read: <a href="https://www.indianarrative.com/economy-news/india-s-rice-exports-in-the-highest-ever-by-any-country-despite-covid-blues-83173.html">India's rice exports in 2020-21 is the highest ever by any country, despite Covid-19 blues</a></strong></p>
<p>
In 2020-21, India’s total rice exports stood at 17.7 million tonnes, of which over 13 million tonnes were non-basmati rice.</p>
<p>
“Despite the ongoing political tussle between India and China, Beijing has continued with its imports of the grain that forms part of the staple diet there, from New Delhi,” an insider said.</p>
<p>
<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/e34ShEFANmI" title="YouTube video player" width="560"></iframe></p>
<p>
Besides, India’s exports to Bangladesh, which has issued another tender to buy another stock of 50,000 tonnes the grain, has also increased. India has already supplied over 3.5 lakh tonnes of rice to its south Asian neighbour in the last few months.</p>
<p>
Vinod Kaul, executive director, All India Rice Exporters’ Association told India Narrative that India is ready to supply more rice to the South Asian neighbour.</p>
<p>
Demand for non Basmati rice has also increased from the price-sensitive African countries. </p>
<p>
<strong>Also read: <a href="https://www.indianarrative.com/economy-news/bangladesh-could-increase-rice-imports-from-india-issue-could-come-up-at-the-modi-hasina-meet-73418.html">Bangladesh could increase rice imports from India, issue could come up at the Modi-Hasina meet</a></strong></p>
<p>
“We have already been exporting rice to Bangladesh and China besides many countries in Africa. The demand from these countries is high. This year too, we are expecting our exports to be high with production of the grain on track,” Kaul added.</p>
<p>
Thousands of hectares of rice crops in Bangladesh have been damaged due to a severe heat wave that swept for two days in April.</p>
<p>
According to the Dhaka based news organisation Prothom Alo, more than 36 districts were affected by this heat wave.</p>
<p>
The newspaper said that more than 68,000 hectares of rice were either partially or completely destroyed over the two days, affecting more than 300,000 farmers and resulting in losses of an estimated 3. $39 million. Dhaka has also slashed import duty on rice to 25 per cent from a high 62.5 per cent to facilitate imports of the grain in the country.</p>
<p>
<strong>Food security in India</strong></p>
<p>
As the government set a target of 104.3 million tonnes of rice production this financial year, sources said that sowing of the grain has been on track.</p>
<p>
“With a record production of rice and wheat, India is food secured though amid the pandemic food security has become a cause for concern globally,” Kaul said. </p>
<p>
<strong>Also read: <a href="https://www.indianarrative.com/economy-news/g-expresses-concern-over-global-food-security-99307.html">G20 expresses concern over global food security</a></strong></p>
<p>
In the first in-person meeting of the Group of 20 held in Italy’s Matera, the foreign ministers underlined the need to increase investments to ensure food security and called for stronger co-ordination to fight the pandemic, which could add over 100 million people to the total number of undernourished in the world. There are already about 840 undernourished million people in the world.</p>
<p>
"We express deep concern for the state of food insecurity across the world," the ministers said in the declaration after the meeting.</p>

Mahua Venkatesh

Mahua Venkatesh specialises in covering economic trends related to India and the world along with developments in South Asia.

Recent Posts

4 dead as Azerbaijan passenger plane crashes in Kazakhstan, 29 survivors hospitalised

A passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in…

13 hours ago

Amit Shah inaugurates over 10,000 newly established Multipurpose Primary Agricultural Cooperative Societies

Union Home and Cooperation Minister Amit Shah on Wednesday dedicated more than 10,000 newly established…

14 hours ago

Apple confirms iOS 18.2.1 build number; iOS 18.3 beta update in progress

Apple has confirmed that the upcoming iOS 18.2.1 update is in the works for iPhone…

14 hours ago

PoGB: Locals in Astore district face health crises amid shortage of doctors

Residents of the Qamri area in Astore district in Pakistan-occupied Gilgit Baltistan(PoGB), are facing a…

16 hours ago

Passenger plane en route to Russia from Azerbaijan crashes in Kazakhstan

A passenger plane travelling from Azerbaijan to southern Russia with 67 people on board crashed…

16 hours ago

PM Modi inaugurates development projects in Khajuraho; releases stamp, coin on 100th birth anniversary of Vajpayee

Prime Minister Narendra Modi on Wednesday inaugurated and laid the foundation stone of multiple development…

17 hours ago