Indian Rice sees a push from authorities for exports
APEDA to focus closely on promoting Indian rice in international markets.
Rice exports from Kakinada deep-water port are having a major improvement that began last February 12, 2021. The chairman of Agriculture and Processed Food Products Export Development Authority (APEDA) M. Angamuthu, said that the rice shipment of 32,250 MTS of broken rice will be shipped to West African seaport, which was formerly marked-off. He added that it was a remarkable moment for Kakinada deep-water port and the state. He was optimistic that the rice exports from the port would increase by leaps and bounds. An action plan has been taken to elevate Indian non-basmati rice worldwide. APEDA was introducing new methods so that farmers’ income for their agricultural crops would improve up to three times. During a session with rice traders, he said that rice exporters from the region are sending quality rice to international markets where there is a demand for rice. Collector G. Lakshmisha stated that usually rice is being exported through the anchorage port, but it has a limited capacity and therefore, the state’s potential could not be utilized. However, there is a chance of increasing rice exports annually from the present level of 2MM MTS through the anchorage and deep-water seaport. Commerce and industries export department director, G.V.S. Subrahmanyam also stated that agriculture and food processing divisions would be developed massively. The government is continuously taking actions for establishing infrastructure facilities, improving marketing services, taking measures for giving proper rice export prices. He also stated that Andhra Pradesh is having worldwide marketing recognition for its thrust on quality.
Indian parboiled rice exports entered a bearish zone specifically for Bengal Origin (POL: Kolkata) while a few rice exporters have indicated rice price drop in Central India. The bearish tone is mainly due to the slow covering of short positions for Feb’21 and Mar’21 as bottlenecks in the logistics continue to disturb rice trade activities. The foreign rice demand is steady, and India continues to be a favoured choice for rice importing countries. For 100 percent broken white rice exports remain flat with bullish sentiments. Coverings continue to be firm for short positions.
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