Export
Scenario of Rice
Farming,
a profession of hope; a profession which fills the empty stomachs of the human
population;
a
profession which largely contributes to a country's GDP especially India;
a
profession which brings the significant foreign exchange to a nation through
it's import and export.
Rice is a crop which is considered as a symbol of
prosperity and wealth in our motherland, India. Rice is also one of the major
constituent of most of world's population diet, especially of Asians. Rice is
the agricultural commodity with the third-highest worldwide production, after
sugarcane and maize and India ranks 2nd in production of rice. This leads to
opportunity to export worldwide and now india is leading exporter of rice to
global markets. In 2018 India had exports worth $7.4 billion contributing to
30.1%of total world rice export followed by Thailand and Vietnam having share
22.7% and 9% respectively in world market. During year 2015-16 it nearly
exported basmati 40.45lakh MT and 63.66lakh MT non-basmati rice worth Rs
22718.44 and 15129.09 crores respectively.
India is located in
South Asia and is one among the leading producers of rice.
Recently India is the
leading exporter of rice -it exports in the north eastern region i.e. to China
Japan Korea etc.
The rice export has
been increased to Japan from 391.06qt worth Rs 3.37 crores in year 2016-17
to 414.33qt worth Rs 4.18crores in year 2019-20.
While Honkong imported 1057.84 qt rice worth 8.2 cores in
2016-17 while in year 2019-20 it reduced to 723qt worth Rs 641crore, Taiwan
imported 81.7qtl worth
Rs.68 crores in
2016-17 reduced to 73.52qtl worth .76crores.
To help this booming export, the government of India
set up additional 4 zones except the existing 28 zones which also include the basmati
export zone in Punjab. The basmati export zone has also been set up in Punjab.
It was set up with the basic aim to explore the trade of rice in foreign
markets which is best known for its excellent quality.
Export potential of the quality basmati rice, the
Indian government took the require measure to increase the exported quantity
through the use of better and improved technology along with high yielding
variety seeds.
This has yielded a good result and has led the
export of basmati and non basmati rice to increase from 4045822.29 million MT
worth million $3478 in 2016 to 4056758.62 million MT worth million $4169.48 in 2017-18.
The Indian state Haryana is the top basmati rice exporting
State, with a compound annual growth rate of 3 per cent between FY16-19, worth $2.41
billion in FY19 alone.
Gujarat stands second after with shipments of $1.10
billion in FY19 alone. However, Gujarat has posted an impressive CAGR of 47 per
cent over FY16-19, also the current trend shows that states like Delhi, West
Bengal and Andhra Pradesh are also matching up the pace of export in rice.
But unfortunately, Rice exports from India
is set to fall a hefty 18-20 per cent this fiscal year because of weak demand
from West Asian countries. Geopolitical issues and financial restrictions
imposed on Iran lead to reduction in export numbers and hence, Government
intervention with new and improved policies is expected to save the golden
foreign exchange that the Indian basmati brings us.
References:-
Comments
Post a Comment