Trending News

6th Oct 2021

APEDA organized a virtual meeting with stakeholders

APEDA plans to boost Indian Non-Basmati rice exports to Togo.

 

Rice export tradeAs part of its plan to boost and increase Indian non-basmati rice exports, the Agricultural and Processed Food Exports Development Authority (APEDA) arranged a virtual meet for non-Basmati rice exporters in partnership with the Indian Embassy in Lomé, Togo. As per the official press announcement, key representatives from APEDA, the Indian embassy, the Chamber of Commerce and Industry of Togo, and major rice exporters from India attended the virtual meeting. India exported around 13 Mn MTS of non-basmati rice worth Rs.35476 crore, last fiscal year. non-basmati rice worth Rs.14091 crore was exported during the present fiscal year's April-July period. Togo procures the following non-basmati rice variants: white rice, broken rice, and parboiled rice. It also acts as a gateway to other rice importing countries such as Mali, Niger, and Burkina Faso.

Laos has exported its first 50 MTS of Thadokkham-8 (TDK8) rice varieties to the European Union. One of the reporters said that the 1st export has been sold to Belgium and the trade is part of the strategy to boost rice production for export under the Lao Ministry of Agriculture and Forestry, supported by a loan from the World Bank. The 50 MTS rice exported is valued at USD $29,000.

Rice exportRice traders from Thailand have stated that Thailand is estimated to export 6 Mn MTS of rice this year due to an anticipated uptick in demand. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association said that a weaker baht, which has depreciated about 13 percent against US Dollar this 2021, has resulted in lower rice export prices, making it more competitive against other rice exporting countries. Thailand's 5 percent broken rice export prices are estimated at around $385-$386 per MTS, significantly lower than the same rice grade from its major competitor Vietnam at $425-$430 per MTS. Chookiat also added that rice importers who preferred Vietnamese rice such as Malaysia, the Philippines, and China, have begun purchasing Thai rice due to the competitive prices, lifting traders’ confidence that the 6 Mn MTS goal can be achieved.

Tags: Indian Rice Exporters, White Rice Price, Parboiled Rice Price, Rice Exporters, Rice Importers, Rice Market News, IR36-64 Rice Price, Top 10 Rice Exporters in India, 5 Percent Broken Parboiled Rice, 100 Percent Broken White Rice, 5 Percent Broken White Rice, 25 Percent Broken White RiceRice Export, Rice ImportIndia's Rice Export, Parboiled Swarna Rice, Swarna White Rice


Disclaimer: The information in this news is provided solely for informational purposes and Factrade is not liable for any actions taken based on this news. All information in this news is believed to be obtained from reliable resources and Factrade makes no representations as to its completeness or accuracy.