AN ECONOMIC ANALYSIS OF INDIA’S BASMATI RICE EXPORTS
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Date
21-07-14
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University of Agricultural Sciences GKVK, Bangalore
Abstract
Rice is an important food crop of India. India is the second largest producer of
rice in the world next only to China. Basmati rice is a unique aromatic variety grown in
India. India exports basmati rice to about 50 countries in the world. The study attempts to
analyze India’s basmati rice exports for the period 1992-93 to 2012-13.
The quantity of Basmati rice exported in the year 1992-93 was only 2.86 lakh
tonnes and the same has gone up to 34.60 lakh tonnes during the year 2012-13. The
CAGR for quantity and value realization were 11 and 16.6 percent respectively. The
composition of basmati and non basmati rice exported during the study period showed
wide fluctuation. Among the eight major basmati rice importing countries from India, the
study indicated that the growth in exports to Kuwait, Qatar and UAE increasing at 16,
15.5 and 12 percent respectively. Exports to ‘other countries’ grew at 22 percent. Similar
trend was observed in value realization as well. Growth in basmati rice exports were
computed for two different periods. During 2003-04 to 2012-13 export performance in
terms of quantity exported and value realization were much higher compared to the first
period 1992-93 to 2002-03. The analysis revealed that Iran emerging as the biggest
basmati rice importing country from India. The direction of basmati rice exports for the
period 2001-02 and 2002-03 indicated that only Kuwait and Saudi Arabia retaining the
import share of basmati rice and other countries were not loyal. Similar exercise for the
period 2010-11 to 2012-13 indicate that Qatar, Saudi Arabia, UAE, Iran and Kuwait
retaining greater import share of the previous year.
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Keywords
rice, exports, productivity, economics, biological development, markets, imports, policies, marketing, area