Rice exports surge to record high in 2017/18
Rice exports surged 18% from a year ago to a record 12.7 million tonnes in 2017/18 on good demand for non basmati rice from Bangladesh, Benin and Sri Lanka
Mumbai: India’s rice exports surged 18% from a year ago to a record 12.7 million tonnes in 2017/18 on good demand for non basmati rice from Bangladesh, Benin and Sri Lanka, a government body said in a statement.
The country’s buffalo meat exports in the year ended 31 March rose nearly 2% to 1.35 million tonnes on upbeat demand from Vietnam, Malaysia and Egypt, the Agricultural and Processed Food Products Export Development Authority said.
Guar gum exports during the period rose nearly 18% to 494,126 tonnes as US shale oil producers raised buying, the data showed.
India is the world’s biggest exporter of rice, buffalo meat and guar gum. Reuters
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