Basmati rice exports are likely to register an increase of about 10 % over the 3.7 mt recorded during the previous fiscal, according to the Agricultural and Processed Food Products Export Development Authority (APEDA).
For the 2015-16 fiscal, we are projecting exports of at least 4 mt. It is expected growth of the product for which there is steady demand. So, one can expect around 10 per cent growth, said AK Gupta, Director, Basmati Export Development Foundation, APEDA.
As of April, there was a shortfall in exports primarily because of Iran scaling back its imports due to surplus domestic availability, a situation that Gupta said has stabilised now. The country had imported 0.9 mt in 2014-15, as compared to 1.44 mt in the earlier fiscal.
For the 2015-16 fiscal, we are projecting exports of at least 4 mt. It is expected growth of the product for which there is steady demand. So, one can expect around 10 per cent growth, said AK Gupta, Director, Basmati Export Development Foundation, APEDA.
As of April, there was a shortfall in exports primarily because of Iran scaling back its imports due to surplus domestic availability, a situation that Gupta said has stabilised now. The country had imported 0.9 mt in 2014-15, as compared to 1.44 mt in the earlier fiscal.