Nov 13, 2024
NEW DELHI: The country’s agri exports are expected to cross $50 billion in 2024-25 on account of healthy demand and lifting on curbs on non-basmati rice, an official said on Tuesday. The official said export curbs on rice, wheat, and sugar impact agri exports to the tune of about $6-7 billion.
“But now the curbs have been removed on rice, we expect that the agri exports will cross $50 billion. So far the trend is good, though the growth rate is not positive but as now rice is opened, by December-end, we will be in the positive zone,” the official added.
Rice exports are likely to reach 17-18 million tonnes this fiscal year as against 14-15 million tonnes last year.
“It will give a big boost to exports,” the official said, adding that basmati shipments may touch 5.5 million tonnes, while parboiled could be around 7-8 million tonnes and over 4 million tonnes of non-basmati rice.