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
Jordan buys 50 thsd tons of barley in tender
Ukraine introduces priority rail and port transportation for edible oils
Palm oil prices in Malaysia decline after reaching four-week high
EU nitrogen fertilizer prices remain 45% above 2024 levels despite cheaper imports
Greece to begin biomethane production for transport sector for the first time
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon