Mainly due to increases in rice shipments in April-September 2017 period, India’s Agri exports saw a rise of 13%. Due to tighter quality standards, the international dealers fear that the EU might ban imports, so they are stocking up rice.
Agricultural and Processed Food Products Export Development Authority (Apeda ) made a data which shows that in April-September 2016, there is an increase in registered agricultural products from $7.69 billion and in the same period this year have reached to $8.73 billion. When seen in regards to rupee the Apeda-registered exports revealed an increase of 8.64 % and reached to Rs 56,183 crore in the period under consideration from the Rs 51,499 crore in the season before.
Together both basmati and non-basmati rice were the leaders of farm exports which made 44% of the annual shipments of country’s farm exports. During April-September in terms of dollar, the rice export has grown by 30% and in terms of the rupee by 25%. Mainly from 1st November, the tighter quality testing will be effective, so there is a hike in exports, said by industry experts.
The European Food Safety Authority (EFSA) wrote a letter to Apeda saying that starting from 1st November, Indian Basmati Rice will have to undergo a pre-shipment residue test which will check for 22 pesticides. For propiconazole the minimum residue limit is still under consideration, said by Apeda.
During April-September 2016, rice exports were at 2.07 million tonnes and in the same period of the current year reached 2.13 million tonnes. From $789 per tonne last year to $997 per tonne, the Basmati rice export value increased the same period this year. The realization of exporters increased in the same period from $789 per tonne last year to $997 per tonne.
In April-September 2017, Guar gum exports also saw a rise reaching 252,568 tonnes ($317 million) in the same period of 2016.