Exports of high-quality basmati rice from India grew by 22 per cent to $5.2 billion during April 2023-February 2024, amid robust demand, primarily from West Asia.
According to data compiled by the commerce department, exports of basmati rice increased to 4.68 million metric tonnes (MMT) in April-February, from 4.1 MMT during the same period a year ago, registering a growth of 14 per cent in volume.
"We have seen good growth (in basmati rice exports) this year in terms of value and quantity, despite the minimum export price on basmati rice and constraints at the Red Sea," a government official said.
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