37 lakh tonnes already procured at market yards
No change seen in shipment volumes; basmati output in the country is roughly 6.6 million tonnes
5/3/2017 Commodity OnlineIndia, May 3 -- India' s Basmati Rice exports dropped 7% in dollar terms at $3. 2 billion in 2016-17 financial year as against the previous year s $3.47 billion according to provisional data released by the Agricultural and Processed Food Products Export Development Authority (APEDA).In volume terms basmati shipments were estimated at 3.99 million tonnes against 4.04 million tonnes.The dip in basmati shipments mainly due to the reduced offtake from Iran the largest buyer APEDA noted.Non-basmati Rice shipments grew 10.5% in value at Rs.17 122 crore as against Rs.15 483 crore in FY2015-16 . In volumes the non-basmati rice shipments were up at 6.81 million tonnes against 6.46 million tonnes in the previous year.Overall Rice shipments exceeded 10.81 million tonnes about 3% higher than the previous year s 10.50 million tonnes APEDA said. Published by HT Digital Content Services with permission from Commodity Online. For any query with respect to this article or any other content requirement, please contact Editor at email@example.com
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