Rising demand, lower price than competitors to boost rice exports: IREF
Reported by Business Standard, not nibnow. We are not the publisher of this story, only the source is.
India's rice exports have jumped 13% in value, and cheaper prices could increase its market share, affecting global rice supply and prices.
India's rice exports have risen 13 per cent in value terms during the first half of this fiscal year, and the outlook remains strong as the country has surplus stock to meet rising global demand, according to the industry body IREF. In an interview with PTI, Indian Rice Exporters Federation (IREF) Vice President Dev Gard said the price of Indian rice is at least 10 per cent cheaper than competitors. According to government data, India's rice exports grew 13 per cent to Rs 54,937.71 crore in the
The Indian Rice Exporters Federation (IREF) represents exporters of rice, a staple commodity for which India is one of the world’s largest producers and exporters.
- •Future export data releases to track whether the growth trend continues
- •Changes in global rice demand that could affect pricing
- •Potential policy or trade actions that might influence India's export competitiveness