{"id":4350,"date":"2024-06-07T17:57:34","date_gmt":"2024-06-07T17:57:34","guid":{"rendered":"https:\/\/khabarok.com\/business\/basmati-exports-up-14-in-april-at-543-million\/"},"modified":"2024-06-07T17:57:34","modified_gmt":"2024-06-07T17:57:34","slug":"basmati-exports-up-14-in-april-at-543-million","status":"publish","type":"post","link":"https:\/\/khabarok.com\/?p=4350","title":{"rendered":"Basmati exports up 14% in April at $543 million"},"content":{"rendered":"

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Basmati rice exports are off to a good start in the current financial year, registering a 14 per cent growth in April, sustaining the strong growth momentum witnessed last fiscal. Basmati exports in value terms stood at $534 million during April against over $470 million in the same period a year ago on increased offtake from key buyers such as Saudi Arabia and Iraq among others. <\/p>\n

In volume terms, basmati rice exports were up 17 per cent at over 4.99 lakh tonnes (lt) compared with 4.25 lt a year ago. Saudi Arabia, with purchases exceeding 1.45 lt valued at over $177.24 million, was the largest buyer of Indian basmati in April 2024 followed by Iraq at 1.37 lt valued at $141.60 million. United Arab Emirates, which purchased 0.99 lt valued at $130.43 million, followed by the US, with 0.58 lt valued at $124 million, were the other large buyers as per the APEDA data.<\/p>\n

\nRecord shipments in FY24
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During 2023-24, India\u2019s basmati shipments clocked a 15 per cent volume growth, rising to a record 5.24 million tonnes. In value terms, basmati shipments registered a 22 per cent growth to cross $5.83 billion during 2023-24.<\/p>\n

Basmati rice along with a few other agri products such as guar gum and processed vegetables monitored by APEDA have bucked the broader trend to register a growth during April this fiscal. Exports of overall agri product exports monitored by APEDA registered a 6.39 per cent decline during April at $2.101 billion against $2.245 billion a year ago. Guar gum exports were up 43 per cent at $50 million, while processed fruits and juices were up 12 per cent at $73 million.<\/p>\n

Non-basmati rice shipments declined by 21 per cent to $418 million on account of restrictions on exports. Similarly, wheat shipments dropped 75 per cent due to export curbs. Overall, cereal shipments were down 8.44 per cent at $974 million against $1.064 billion a year ago.<\/p>\n

Exports of agri products that registered a negative growth include floriculture products, fresh fruits, fresh vegetables, pulses and livestock products such as buffalo meat and poultry products. Groundnuts, cashew kernels and cashew nut shell liquid also registered a negative growth during April. <\/p>\n

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    Published on June 7, 2024 <\/p>\n<\/div>\n<\/div>\n