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Aromatic basmati rice exports from India may dip by 10 per cent to 1.8 million tonnes (mt) in the 2010—11 fiscal due to the increased competition posed by neighbouring Pakistan's produce in Europe, a trade body said on Monday. “Total basmati rice export in both volume and value terms are expected to fall by 10 per cent from a year earlier. Exports volume may fall to 1.8 mt,” All-India Rice Exporters' Association President, Mr Vijay Setia, told reporters.
Mr Setia attributed the slump in exports to growing competition from neighbouring Pakistan in Europe due to pesticide concerns. “Indian farmers are spraying pesticide even after the flowering stage of the crop. And the EU is objecting to this,” he said. “ In the 2009-10 fiscal, the country shipped 2.01 mt of basmati rice, mainly to the UAE, Iran, Saudi Arabia, Europe and the US. The export realisation from overseas shipments of Indian basmati was Rs 10,838 crore last fiscal, he said. In terms of value, exports were down by Rs 2,500 crore in the review period. –
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