BASMATI RICE EXPORTERS IN A FIX OVER FALLING - PowerPoint PPT Presentation

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BASMATI RICE EXPORTERS IN A FIX OVER FALLING

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Trade sources said that the hostile political relations between Iran and India are behind the fall of rice import of Iran from India. Recently, Iran started importing basmati rice from Pakistan. The executive director of All India Rice Exporters’ Association, Rajan Sundareshan, said that the comeback of Iran to India market would improve the basmati rice exports of India. – PowerPoint PPT presentation

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Title: BASMATI RICE EXPORTERS IN A FIX OVER FALLING


1
BASMATI RICE EXPORTERS IN A FIX OVER FALLING
PRICES
2
Exporters of Basmati rice
  • Exporters of Basmati rice are concerned at the
    sudden falling prices of their products in the
    wake of supply excess. According to the
    Agricultural and Processed Food Products Export
    Development Authority, there is a decline in
    export of basmati rice. Gurnam Arora who is the
    joint managing director of Kohinoor Foods
    revealed that Iran has bought a lesser quantity
    of basmati rice in the past eighteen months,
    mainly for political reasons.

3
Export of Basmati rice
  • In 2014-15, Saudi Arabia became the largest
    destination for export of basmati rice from India
    and its market did well. The Director General of
    Federation of Indian Export Organizations, Ajai
    Sahai, said that the Iranian government takes a
    decision on rice import founded on the actual
    paddy crop. As the usual harvesting season is
    September, Sahai said that any decision regarding
    bilateral import of rice will be taken around
    that time.

4
Global Market
  • This means that exporters of basmati rice had to
    wait some months for any agreement on purchase to
    get signed with India.
  • Another reason behind the falling prices of
    basmati rice is the emergence of some rivals in
    the global market. That lowered the demand of
    basmati rice from perennial importers of India.
    In addition, importing nations are still using
    basmati rice imported earlier so that they do not
    need new quantities for now.

5
Thank You
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