rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Rice export falls to 2.5 million tonnes

Rice export falls to 2.5 million tonnes

June 29, 2009 17:57 IST
India's rice export is estimated to have reduced by a half to nearly 2.5 million tonnes in 2008-09 against the previous fiscal, though overseas shipment of the commodity has remained at about the same level in value.

Rice export touched 5 million tonnes in 2007-08. The shipments are estimated to have declined to nearly 2.5 million tonnes in 2008-09 apparently due to a ban imposed on non-basmati rice exports.

However, the export is about the same level as last year in terms of value due to higher realisation, a senior government official said.

The export is estimated at $2.5 billion for 2008-09, compared with $2.9 billion in the previous fiscal, he said. Out of the rice worth $2.5 billion exported, basmati accounts for $2 billion, while the share of non-basmati touched $0.5 billion.

India had exported 1.5 million tonnes of basmati in 2008-09, compared with 1 million tonnes the previous fiscal.

However, the export of non-basmati rice slumped to less than one million tonnes against over 4 million tonnes in 2007-08 due to a ban imposed last year to contain surging inflation.

© Copyright 2013 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.