BASMATI
RICE - AGRICULTURE
News: India maintains basmati rice floor
price as grain-export curbs continue
What's
in the news?
●
India said that it will maintain the floor
price for basmati rice exports until further notice, according to a government
order, as the world’s biggest exporter continues to curb overseas shipments of
the grain.
Key
takeaways:
●
India
imposed a $1,200 per tonne minimum export price (MEP) on basmati rice
shipments in August to calm local prices ahead of key state elections.
Basmati
Rice:
●
Basmati rice is a long-grain aromatic rice known for its extra-long slender grains,
fluffy texture, delightful taste, superior aroma, and distinct flavour.
Varieties
of Basmati Rice:
●
34 varieties recognized under the Seeds
Act, 1966.
Cultivation
Areas:
●
Grown in Jammu & Kashmir, Himachal
Pradesh, Punjab, Haryana, Delhi, Uttarakhand, and Western Uttar Pradesh.
Export
Leader:
●
India
is the top exporter, with 4,558,972.23 MT of Basmati Rice
exported in 2022-23, valued at Rs. 38,524.11 crores (4,787.50 million US
dollars).
Key
Export Destinations (2022-23):
●
Saudi Arabia, Iran, Iraq, UAE, and Yemen.
Further
Reference - Non-Basmati Rice