India increases its rice exports
India is boosting rice exports by utilising an innovative technology platform. This is reported by IANS, a partner of TV BRICS.
The platform is designed to facilitate interaction between Indian exporters and buyers.
Jitin Prasada, India’s Minister of State for Commerce and Industry, said in a speech in the lower house of the Indian parliament that rice exports exceeded US$120 million in April-May of the current fiscal year.
The main export destinations are Maldives, Mauritius, Malawi, Zimbabwe and Namibia.
In total, India supplies rice to 17 countries including Bhutan, Singapore, United Arab Emirates, Nepal.
The country has also taken various measures such as subsidising interest rates on export loans and developing export support infrastructure to boost foreign trade.
Read also
Global agricultural commodity prices post biggest rise since 2022
EU corn deficit grows as logistical problems limit Ukrainian exports
Pakistan buys 180 thsd tons of wheat in tender
El Niño could keep Indonesia rice prices near record highs until spring 2027
Mexico heads for record corn imports as domestic output declines
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon