Similarly, Pham Thai Binh, general director of Trung An High-Tech Agriculture Joint Stock Company, reveals that since the beginning of the year, the firm has continuously won bids to ship rice to Asian countries and the EU.īinh added that Trung An rice is now being traded at the relatively high level of over US$578.5 per tonne. Nguyen Van Thanh, director of Phuoc Thanh IV Trading and Production Co., Ltd, says his firm has recently turned to exporting fragrant and high-quality rice, adding that along with traditional Asian markets, the company has is seeking to reap benefits from the EU-Vietnam Free Trade Agreement - EU (EVFTA). Rice exporters have gradually begun to shift their proportion of white rice varieties to high-quality fragrant rice, while simultaneously focusing on high-end markets such as the EU, the US, and Japan. The legacy has now become the largest Basmati Rice Brand in the world. This decrease is attributed to the local rice industry’s shifting from quantity to quality, with a specific focus on improving the value and brand of Vietnamese rice among in international market. The epic journey of KRBL was started by 2 brothers more than a century ago. In line with the rice industry restructuring scheme until 2025, Vietnam is aiming to export approximately five million tonnes annually. In contrast, Colombia, Ecuador, India, Iraq, Madagascar, the Philippines, Sri Lanka, the US, and Vietnam are all projected to record a lower output.Īfter two consecutive years of maintaining its position as the world’s second largest rice exporter, Vietnam will rank third in terms of global rice exports next year, behind India and Thailand. Most notably, Bangladesh, Malaysia, Cambodia, China, the Ivory Coast, the Republic of Korea, Paraguay, Taiwan (China), and Thailand will all witness rises in their respective rice output. The report details that the global rice output in the 2021 - 2022 crop will hit a record high of 505.4 million tonnes of milled rice, an increase of 1.9 million tonnes compared to the 2020 - 2021 crop. US $ Million.The latest forecast has recently been released as part of the USDA’s May 2021 Report about the Global Rice Outlook for 2022. Table-1: The quantity of Basmati Rice and its value exported globally from India during 2013-14 to 2015-16. The quantity of Basmati and non Basmati Rice and its value exported from India during last three years is given below in table 1-4. The major destination of Basmati rice export in the world are Saudi Arabia, Iran, UAE, Traq, Kuwait, U.K, USA, Yemen Republic, Oman, Canada. Pradesh, Punjab, Haryana, Uttarakhand, Western Uttar Pradesh, Delhi. The major areas in India, where basmati is mainly grown are J&K, Himachal 1966 are Basmati-386, Basmati-217, Ranbir basmati, Karnal- local/Taraori Basmati, Basmati-370, Type-3 (Dehradoon Basmati), Pusa Basmati-1, Pusa Basmati-1121, Punjab Basmati-1, Haryana Basmati-1, Mahi Sugandha, etc. The main varieties of Basmati rice as notified under the seed act. Agro-climatic condition of the specific geographical area, agronomic practices, plant nutrition, method of harvesting, processing and aging attributes these characteristics features to basmati rice.The Scented Pearl - lends a touch of class that can transform. Basmati and non basmati rice is exported from India to different countries.īasmati Rice - Basmati rice is long grain aromatic rice grown since long back in the specific geographical area as Himalayan foot hills of Indian sub-continent, blessed with characteristics extra long slender grain, soft and fluffy texture upon cooking, delicious taste, superior aroma and distinct flavor. Rice is an important commodity which is being exported to different countries. During 2015-16 the country has exported globally about 40.45 Lakh MT of Basmati Rice and 63.66 Lakh MT Non-Basmati rice for the worth of Rs. India is the leading exporter of the Basmati Rice to the global markets.
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