Opportunities in non-basmati rice exports.
Non-basmati rice exports from India are currently skyrocketing.
India captures about 50% of the global non-basmati rice market.
Agriculture was not affected in India during the pandemic.
During the same period agriculture in Thailand and Vietnam, which were rivals in rice exports to us, were severely affected for various reasons.
This favored Indian rice exports.
Currently, many countries in the world choose India for rice.
Countries and FOB prices of 5% broken non-basmati parboiled rice are given below:
India:
The price of a ton of rice ranges from $ 365 to $ 369.
Thailand:
The price of a ton of rice ranges from $ 408 to $ 412.
Vietnam:
The price of a ton of rice ranges from $ 400 to $ 415.
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