Saudi Arabia, Iran, Iraq are among the biggest buyers of the aromatic rice variety from India
Farming Cosmos market report: India’s basmati rice exports in the 2022-23 fiscal year (April-March) rose 45.84% in terms of value in rupees as compared with the previous fiscal, according to the data compiled by the Kolkata-based Directorate General of Commercial Intelligence and Statistics (DGCIS). DGCIS data showed that India’s basmati rice export went up by Rs 12,108.95 crore in 2022-23 compared with the 2021-22 fiscal year. Indian basmati rice exports in the 2022-23 fiscal year stood at about Rs 38,524.10 crore (nearly $ 4.79 billion).
As per the DGCIS data, India exported about 39.47 lakh metric tonnes (LMT) of basmati rice, valued at Rs 26,415.16 ($ 3.47 billion) in 2021-22. The country exported about 45.61 lakh metric tonnes of basmati rice in 2022-23, about 6.14 LMT (15.55%) more than 2021-22.
According to the DGCIS data, India exported basmati rice to 149 countries in 2022-23 while in the 2021-22 fiscal year it had sold the commodity to 153 countries.
Iran emerged as the biggest importer of the Indian basmati rice in quantity at about 9.98 LMT followed by Saudi Arabia at 9.54 LMT and Iraq, a distant third at 3.64 LMT.
Other major importers include United Arab Emirates (3.15 LMT), Yemen Republic (2.89 LMT), United States of America (2.04 LMT), Kuwait (1.56 LMT), United Kingdom (1.43 LMT), Oman (1.12 LMT) and Jordan (1.05 LMT).
In terms of value in rupees, Saudi Arabia was the biggest buyer paying Rs 8,362.25 crore for the Indian basmati rice followed by Iran (Rs 7,838.24 crore), Iraq Rs 3,031.94 crore), UAE (Rs 2,689.1 crore) and Yemen Republic (Rs 2,473.02 crore).
Other big importers of the Indian basmati rice in terms of value include US (Rs 1,920.49 crore), Kuwait (Rs 1,276.23 crore), United Kingdom (Rs 1,108.69 crore), Oman (Rs 1,013.17 crore) and Jordan (Rs 933.58 crore).
INDIA’S EXPORT OF BASMATI RICE IN THE 2022-23 FISCAL YEAR (APRIL-MARCH)
| TOP 10 IMPORTING COUNTRIES | QUANTITY IN METRIC TONNES | VALUE IN RS CRORE |
| SAUDI ARABIA | 9,54,732 | 8,362.25 |
| IRAN | 9,98,877 | 7,838.24 |
| IRAQ | 3,64,068 | 3,031.94 |
| UNITED ARAB EMIRATES | 3,15,513 | 2,689.10 |
| YEMEN REPUBLIC | 2,89,602 | 2,473.02 |
| UNITED STATES OF AMERICA | 2,04,027 | 1,920.49 |
| KUWAIT | 1,56,444 | 1,276.23 |
| UNITED KINGDOM | 1,43,575 | 1,108.69 |
| OMAN | 1,12,257 | 1,013.17 |
| JORDAN | 1,05,738 | 933.58 |
| OVERALL | 45,60,762 | 38,524.10 |
Source: Directorate General of Commercial Intelligence and Statistics (DGCIS), Kolkata
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