According to a release here from Kiran Kumar Pola, Director of Deccan Grainz India, a major rice exporter from Hyderabad, India exports non-basmati rice to other nations at a rate of 5 lakh metric tons each month.
According to a release here from Kiran Kumar Pola, Director of Deccan Grainz India, a major rice exporter from Hyderabad, India exports non-basmati rice to other nations at a rate of 5 lakh metric tons each month.
It can be noted that the UAE serves as a regional hub for the re-export of Indian food grains into some other Gulf and North African nations.
Last week, rice prices in Vietnam's Mekong Delta region reached their highest level witnessed in ten years, owing to India's recent ban on the export of non-basmati white rice.
India is currently the world's top exporter of rice, making up over 40% of the global rice trade, and the world's second-largest producer of the grain after China.
Located in the southern part of Asia, India is the largest rice exporter in the world. The Asian nation exports different varieties of rice to 150+ countries around the world and commands a mammoth 40 per cent share in the global rice trade.
After India-the world’s largest rice exporter, banned non-basmati white rice exports in a surprise move on 20th of July, 2022, global rice importers started feeling anxious over the situation.
The government has increased the highway construction target for FY24 from 12,500 km to 13,800 km, according to officials in the Ministry of Road Transport and Highways.
On 20th July, India, the largest rice exporter in the world, restricted the export of non-basmati white rice in an effort to “ensure adequate domestic availability at reasonable prices” and control rising domestic food prices.
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