During the April-December period of current fiscal, India’s rice exports rose by 6.1 percent to 8.44 million tonnes versus 7.95 million tonnes in the same period of 2013-14.

Rice exports in value terms stood at Rs 35,157.38 crore during the period this fiscal against Rs 33,647.45 crore in the year ago period, Parliament was informed. Export of basmati rice during the nine-month period of this fiscal declined by 6.19 percent to 2.57 million tonnes from 2.74 million tonnes in the same period last year, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.

She said, “During the current year, Iran had significant carry over stocks from domestic production and heavy imports in past two years and hence has imposed a restriction on issue of import permits from October 2014.” Exports to Iran during the nine-month period declined to 705.52 thousand tonnes as against 1.18 million tonnes during the same period last year.

Source:customstoday.com.pk