Global demand pushes up basmati exports

Global demand pushes up basmati exports
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First Published: Tue, Oct 07 2008. 01 44 PM IST
Updated: Tue, Oct 07 2008. 01 45 PM IST
PTI
New Delhi: India’s basmati rice exports are estimated to have jumped by 13% despite a cess of Rs8,000 a tonne, while shipment of non-basmati varieties fell by 31% in the crop year ending September 2008 due to ban.
According to official sources, basmati rice exports during the 2007-08 season (October-September) are estimated at 1.19 million ton, compared with 1.05 MT in the previous season.
However, exports of non-Basmati rice are estimated to have declined to 3.2 MT from 4.67 MT during the period under review. This estimate is based on the no-objection certificate issued by the Agricultural and Processed Food Export Development Authority (APEDA).
The main reason for the fall in export of non-Basmati rice is attributed to the ban on shipment from April, though restrictions like imposing a minimum export price (MEP) were introduced in October 2007 when the season began.
Exporters said the decline is not much considering the fact that shipments were not allowed for six months during the 2007-08 season.
The MEP on non-Basmati rice was raised from $650 a tonne to $1,000 a tonne in phases. The Centre has banned exports of non-basmati rice from April as part of its measures to control inflation.
In the case of basmati rice, the MEP went up to $1,200 a tonne. Besides, the government also levied an export cess of $200 a tonne on it.
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First Published: Tue, Oct 07 2008. 01 44 PM IST