Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Rice exports to register increase by Komal Amit Gera

Rice exports to register increase by Komal Amit Gera

Share this article Share this article
published Published on Oct 22, 2010   modified Modified on Oct 22, 2010

Rice exporters from India are upbeat over the higher projections of basmati output and better prospects of exports.

The loss of crop, in Philippines due to storms and in Thailand and Pakistan due to floods, is driving Indian exporters to speculate for better realisations this year.

The satellite image procured by All India Rice Millers Association and Agriculture and Processed Food Products Exports Development Authority (APEDA) depict an increase in area under basmati from 1,400,000 hectares last year to 1,800,000 hectares this year.

The total basmati production last year was about 4.5 million tonnes and an increase of 25 per cent is expected by the various lobbies (traders, farmers and exporters) this year.

The higher ouput may also fetch better margins to the exporters as the higher supplies would undermine the negotiating power of the farmers.

According to sources in APEDA, the orders procured by rice industry and registered with APEDA were about 3.2 million tonnes. The actual export was to the tune of 2 million tonnes.

Dawat Basmati Rice Managing Director V K Arora said that he expects the exports to increase this year due to new markets eyeing India for best quality basmati. He also expects a 30-40 per cent increase in domestic demand for basmati due to rising disposable incomes.

The only fear of exporters is the hardening of the Indian Rupee vis-à-vis other international currencies. Most of the Indian rice is routed through Iran and this can effect realisations.


Sify News, 22 October, 2010, http://sify.com/finance/rice-exports-to-register-increase-news-default-kkwaPmfjcgd.html


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close