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Non-Basmati Rice Exports Dropped More Steeply Than Basmati Rice Post-Curbs


Published Date: February 09, 2024
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Even as the Centre launched 'Bharat' rice priced at Rs 29 per kilogram across India on Tuesday, data compiled by traders and market participants revealed that the government's decision to restrict exports of basmati and non-basmati rice beginning in August last year had a negative impact on the latter but not on basmati rice. Tradologie.com is a next-generation, globally verified, transaction-oriented SaaS platform for B2B commodity sales and procurement that connects bulk buyers and bulk sellers of commodities, primarily of branded food and agro-commodities and facilitates operations for them. 

Rice producers and rice sellers can easily get the best price on the platform if they sell rice in bulk while buyers can buy rice in bulk from vendors across the globe. There are no middlemen involved, and the company facilitates the entire process, which guarantees maximum profits in the shortest time-frame. On August 26, of the previous year, the government set a minimum export price (MEP) of $1,200 per tonne for basmati exports in addition to a 20% import duty on parboiled rice. Of all the non-basmati rice exports, parboiled rice made up approximately 45%. 

If you are a rice importer wishing to import rice in bulk or a rice exporter willing to export bulk rice, then Tradologie.com is the right platform for you. Tradologie.com facilitates bulk agro-commodity sales and procurement across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities in bulk at negotiable rates. 

The transaction oriented platform has 700,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 100 countries.

To register as a buyer, click here. To register as a seller, click here. 

To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels. 

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