Friday, 22 November 2013

Country Rice Exports Estimated At 11 mt. In 2012-13, 6 November 2013

New Delhi
Rice export of country estimated at a record 11 mt in 2012-13 marketing year ended September this year on bumper production and strong overseas demand, according to US Department of Agriculture (USDA).
Rice export of India, the world 2nd largest producer, stood at 10.38 mt in 2011-12 marketing year that runs from October to September.
“2012-13 export estimates is raised to a record 11 mt based on preliminary official statistics for October 2012 to August 2013, and shipping data compiled by a private source for September 2013,” USDA said in a report.

USDA has also revised the rice export estimates for 2013-14 to 10 mt from earlier projection of 9.3 mt.