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apple developer account:Indiau0027s Jan-Oct rice exports jump 43% y/y to 11.95 mln T- govt

admin2020-12-0265

MUMBAI, Dec 1 - India's rice exports in January toOctober jumped 43% from a year ago as buyers purchasedlower-priced Indian supply to rebuild inventories after rivalexporters trimmed shipments due a drought, government datashowed on Tuesday. Higher shipments from India, the world's biggest riceexporter, could cap global prices, reduce the country's bulginginventories and limit Indian state stockpiler purchases fromfarmers. India's rice exports in the first ten months of 2020totalled million 11.95 tonnes, up from 8.34 million tonnes ayear earlier, according to data compiled by the ministry ofcommerce and industry. Non-basmati rice exports jumped 61% from a year earlier to7.6 million tonnes after prices jumped in the world's secondbiggest exporter Thailand, making Indian shipments attractive,said an exporter based in Mumbai. The country's basmati rice exports rose 20% to 4.36 milliontonnes on strong purchases from Iraq, the data showed. India mainly exports non-basmati rice to Bangladesh, Nepal,Benin and Senegal, and premium basmati rice to Iran, SaudiArabia and Iraq. REUTERS
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