Rediff Logo Business Find/Feedback/Site Index
HOME | BUSINESS | REPORT
November 18, 1999

NEW GOVERNMENT
COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES
SEARCH REDIFF


Exports of basmati rice likely to rise

Email this report to a friend

The Indian exporters of basmati rice are in a bouyant mood in view of the bumper crop expected this year.

Basmati exports of about 600,000 tonnes last year were expected to increase by about 100,000 tonnes, according to Gurnam Arora, president, All India Rice Exporters' Association.

Arora said India continued to enjoy the status of leading basmati exporter over Pakistan. The Pakistan's rice prices are lower than the Indian variety, yet India remains the leader.

While Pakistan had a slight edge over India in the Dubai market, Indian basmati dominated in Saudi Arabia by a margin of 80:20.

This was primarily because Pakistan went in for a cross variety of the flavoured rice, while India mainly produced the traditional variety.

Indian exports, Arora felt, could be affected if Pakistan's currency depreciates below Rs 56 to the US dollar.

The Indian export price of around $ 900-1,000 per tonne last year could decrease to about $ 700 with the likely fall in prices due to the bumper crop. Pakistan's basmati price was around $ 500-550.

UNI

ALSO SEE

India develops hybrid basmati rice
RiceTec chief defends his company on basmati patents
The stealing of basmati
The basmati task for the new government
Business

Tell us what you think of this report
HOME | NEWS | BUSINESS | SPORTS | MOVIES | CHAT | INFOTECH | TRAVEL | SINGLES
BOOK SHOP | MUSIC SHOP | GIFT SHOP | HOTEL RESERVATIONS | MONEY
EDUCATION | PERSONAL HOMEPAGES | FREE EMAIL | FEEDBACK