“ASEAN members give preference to member countries for imports. The Association of South-East Asian Nations (ASEAN) has a treaty that favours members. South-East Asian and Far-Eastern countries have begun buying Indian rice only recently and were not important markets for India. For the whole of last fiscal, Hanoi imported 2.93 lt, APEDA data showed. Similarly, Vietnam, the fourth-largest importer of Indian rice, bought 3.84 lt. The whole of last fiscal, Beijing imported 3.3 lt of rice. Now, it is 30-35 per cent,” said the TREA President.ĭuring April-July, China was the second-highest importer of Indian rice, buying 4.76 lakh tonnes (lt). Earlier, container charges made up 10-15 per cent of the total cost of rice export. “Surge in freight rates has also slowed exports. As per IGC data, prices of Indian rice are up five per cent year-on-year, while they are down 20 per cent in the case of Thailand and 10 per cent for Vietnam. Even if Vietnamese rice is offered at a lower price, they still prefer our rice for its hardness,” said Rao.Īccording to the International Grains Council (IGC), Vietnam five per cent broken is quoted at $415 and Thailand’s at $379. “African countries have been buying Indian rice for a long time. “African countries are buying both five per cent white and parboiled rice varieties,” said the Bulk Logix’s director.Ĭurrently, five per cent parboiled rice is offered at $355 a tonne free-on-board, while five per cent white rice is quoted at $380, he said. African countries, too, are buying 100 per cent broken rice for human consumption, said Sagar. WTO: India’s interest in promoting wheat, rice exports may clash with G-33 proposal on MSPĬountries such as Vietnam and China have been buying 100 per cent broken rice for feed, said Prakash. At one point, corn prices topped wheat rates in the global market. One of the reasons prices of 100 per cent broken rice are increasing is its use as feed since corn prices surged sharply during June-July. Broken rice was delivered at ₹17,000 a tonne in Chennai until August, but it currently costs ₹20,000-21,000. However, no details were available on the volume during the period.ĪPEDA data for April-July showed that non-basmati rice exports were up at 5.27 million tonnes (mt), valued at ₹14,091 crore, against 3.03 mt worth ₹8,982 crore in the year-ago period.Įxports during August-September have slowed as prices of even 100 per cent broken rice have increased, said Prakash. On Tuesday, the Agricultural and Processed Food Products Export Development Authority (APEDA) said rice exports during April-August this year had increased by 13.7 per cent to ₹28,269 crore. India may corner nearly half of global rice trade as exports soar to record Shipments of parboiled rice to Africa have really picked up,” said Vidya Sagar VR, Director, Bulk Logix. “Volume of rice exports to Africa has increased. ![]() Besides, prices have also declined, forcing buyers to exercise caution,” said BV Krishna Rao, The Rice Exporters’ Association (TREA) President. “Lack of containers is hampering rice exports. However, shipments to Africa are taking place in break-bulk vessels due to lack of containers,” said M Madan Prakash, Agri Commodities Exporters Association (ACEA) President.Ī good volume of rice is being shipped to African countries from Mundra, Mumbai and other western ports, he said. “Rice exports are not as big as during April-June. On the other hand, shipments to Africa, especially parboiled rice, are doing well, exporters say. Besides, payment trouble with Vietnam buyers, high freight charges and currently market volatility are impacting shipments. Non-basmati rice exports from India have slowed during the current quarter, especially to the Far-East and South-East Asia, as the region sees new paddy arrivals.
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