Rice export from India helps generate tremendous cash flow for Indian farmers. These farmers live in different rice-producing states of India such as West Bengal, Jharkhand, Odisha, Haryana, and Punjab. To ensure that only the highest quality of thin rice grains reach different countries of the world, storage is done in a pesticide-free environment.
Where is Rice Exported to?
Different types of rice grains are available for export purposes. These include parboiled, non-basmati, basmati, broken, Sella, Sona Masoori, and Swarna types. The best companies participating in rice export from India have several years of experience in doing so, and also sport a high annual growth rate close to or above 100%. Countries to which rice is exported are as follows:
- Saudi Arabia
- Parts of South East Asia
- African Nations
For a particular company to be chosen for export, it must have received quality appreciation from different countries. This leads to high reliability and gives the importer a reason to buy from them.
It is possible to understand the quality of rice grains according to the following parameters:
- Refreshing Aroma
- Hygienic Processing and Packing Methods
- Delectable Taste
- High Nutritional Value
Discussing the Payment Terms
All rice exporters from India will ask their importers to pay a specific percentage of the amount as advance or Letter of Credit, thereby agreeing to collect the rest at the time of delivery. Prior to getting the food material, it is very important for the concerned parties to have a clear discussion. The following documents will necessarily be sent by Indian rice exporters:
- Original Invoice and Packing
- Copy of Original Bill of Lading (BL)
- Testing and Any International Survey Form
- Original Fumigation
- Original Certificate of Origin
- Original Phytosanitary
Apart from the above, any other documents like (ECTN/CTN/CCNA to some African Nations) would be charged extra.
Can Surplus be Regarded the Same as Export?
Export of surplus resources such as rice is always a good idea. If the extra produce is not exported, it will be damaged by the weather and rats, causing it to rot inside granaries and warehouses. In fact, India’s rice export policy has always necessitated export in case of stoppage and excess. Policy changes and value addition will also be necessary, and a good exporter will be able to take care of the latter. Therefore, it can be said that a surplus of rice must lead to export.
Latest News for Indian Rice Exporters
According to the latest industrial estimates, rice production in India would be closing near a high level of roughly 105 million tonnes, in a manner similar to the years 2014-15. This further strengthens the country’s position as the world’s largest rice exporter; Thailand and Vietnam follow India for the third consecutive year. Both India’s record production and Thailand’s political uncertainty have contributed to this favourable position. However, it remains to be seen if low support prices and farmer suicides are able to keep the country ahead or not. As of 2020 and 2021 Indian is the top exporter of rice.