File Photo
Non-basmati rice exports during the April-February period of the 2022-23 fiscal were up nearly three percent at 16.09 million tonnes (mt), but the shipments were lower in February by nearly six percent.
But the underlying fact is that the Indian government stands to gain good revenue to the tune of a billion dollars in view of the export duty on the shipments as the global market has accepted the duty, besides India’s market share remaining intact.
According to data from the Agricultural and Processed Food Products Export Development Authority (APEDA), exports in the first 11 months of 2022–23 fiscal were up compared with the 15.64 mt shipped out in the same period of 2021–22. In terms of value, exports fetched $5.72 billion, against $5.56 billion in the year-ago period.
Comment Now