The continuous demand of rice export from India
India may possibly export as much as 45% of the total international rice trade in 2021.
India might possibly export as much as 22 Mn MTS of rice this year, or more than the joint rice exports of the next three major rice exporting countries Thailand, Vietnam, and Pakistan. stated by Nitin Gupta, Vice president of Olam India's rice trading. Gupta also added that alongside traditional rice buyers, the other rice importing countries such as China, Vietnam, and Bangladesh are also now buying rice from India. India's rice exports in 2020 increased by 49% from the previous year to a record of 14.7 Mn MTS, as exports of non-basmati rice increased by 77% to a record of 9.7 Mn MTS. As per Gupta in 2021, non-basmati rice exports might almost double from 2019 to 18 Mn MTS, while premium basmati rice trades witnessed a steady export at 4 Mn MTS. The U.S. Department of Agriculture projects estimated the global rice exports by 48.5 Mn MTS in the ‘21- ‘22 period.
Appointed purchasing agency, Al-Owais of the Iraq government, has procured 44,000 MTS of Thailand 100 percent broken white rice (Grade B). According to a reliable source, ADM traded the cargo with support from Tanasan although a sale price has not been revealed. A Singapore-based rice exporter conveyed that the shipment will be loaded onto MV Sand Topic, which is due in the port on September 28, 2021.
The Department of Agriculture (DA) of the Philippines will not halt the issuing of rice import permits anytime soon, despite the nudging of rice farmer groups whose earnings are likely to be cut back further as the harvest season approaches. Agriculture Secretary William Dar stated that even prior to the rice tariff law came into effect, rice prices usually decrease in the second half of the year. Therefore, low rice grain prices cannot be attributed to the arrival of imported rice. Additionally, there has only been a slight increase in rice import volumes.
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