Agri Business

Centre sets up new body to promote rice exports

Vishwanath Kulkarni Bengaluru | Updated on May 12, 2020 Published on May 12, 2020

To give further impetus to rice exports, the Centre has set up a new body – Rice Export Promotion Forum (REPF), under the aegis of the Agricultural and Processed Foods Export Promotion Development Authority (Apeda).

Rice, both basmati and non-basmati variety, is the largest commodity in India’s agri-export basket. Shipments stood at $7.77 billion in 2018-19, with basmati exports at $4.72 billion and non-basmati at $3.05 billion. Final export figures for 2019-20 are yet to be released by Apeda.

“Considering the importance of export of rice, its inherent potentials and the multifarious issues, which are faced in the process, it is decided to constitute a Rice Export Promotion Forum,” an Apeda notification said.

Stakeholders

The new body will comprise representatives from the rice industry, exporters, officials from Apeda, Commerce Ministry, Agriculture Ministry and Directors of Agriculture from major rice producing states such as West Bengal, Uttar Pradesh, Punjab, Haryana, Telangana, Andhra Pradesh, Assam, Chhattisgarh and Odisha.

“The EPF will make concerted efforts to identify, document particulars and reach out to stakeholders across the entire production/ supply chain of export of rice for increasing these exports significantly to the global market, through various interventions,” the notification said.

EPF will monitor, identify and anticipate developments pertaining to production and exports and recommend necessary policy measures. It will be in touch with rice producers, exporters and other relevant stakeholders and hear their problems, and facilitate, support and provide solutions to them.

Competitive edge

The move assumes significance as rice is the only agri-commodity from India currently that maintained its competitiveness in the overseas market. The exports of other grains such as wheat and maize are unviable due to the higher production costs.

India, the second largest produce of rice in the world, has been the largest exporter of the cereal after the shipments of the non-basmati were allowed from 2011.

India’s production has been going up steadily over the past several years. From around 96 million tonnes in 2010-11, rice production is seen touching a record 117.47 million tonnes in 2019-20, per Second Advance Estimates.

Published on May 12, 2020

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.