Indian basmati 24-25 exports up Rs1,923cr over last season
2
3
Chandigarh: Despite the shadow of tensions between Iran and Israel, the export of Indian basmati rice surged by Rs 1,923 crore in 2024-25 fiscal year (April-March) compared with the previous fiscal year, according to the data available with the Agricultural and Processed Food Products Export Development Authority (APEDA).
The escalating Israel-Iran conflict over the last fortnight had held up Basmati shipments.
In terms of value in rupees, the exports were about 3.97% higher than the 2023-24 fiscal year, according to the data compiled by the Kolkata-based Directorate General of Commercial Intelligence and Statistics (DGCIS), aided by the strong demand from the Middle East.
According to DGCIS data, India exported basmati rice worth Rs 50,312 crore (about $5.87 billion) in 2024-25 fiscal year.
The value of exports of in the 2023-24 FY was about Rs 48,389 crore (nearly $5.74 billion).
You Can Also Check:
Chandigarh AQI
|
Weather in Chandigarh
|
Bank Holidays in Chandigarh
|
Public Holidays in Chandigarh
In terms of volume, India exported about 60.65 lakh metric tonnes (LMT) of basmati rice in 2024-25, 8.23 LMT (15.7%) more than in 2023-24. As per the APEDA data, India exported basmati rice to 154 countries in the 2024-25 fiscal year, while it had sold the commodity to 150 countries in the previous trading season.
Saudi Arabia was the biggest importer of Indian basmati rice in quantity at about 11.73 LMT, followed by Iraq and Iran at 9.05 LMT and 8.55 LMT, respectively.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Invertir $100 en CFD con IA podría devolverte un segundo salario
digitalnewads
Empieza ahora
Undo
These three countries were the top three importers in 2023-24 as well, buying 10.98 LMT, 8.24 LMT and 6.7 LMT of the commodity respectively.
The other top 10 countries of importers include Yemen Republic (3.92 LMT), the United Arab Emirates (3.89 LMT), the United States of America (2.74 LMT), the United Kingdom (1.80 LMT), Kuwait (1.75 LMT), Oman (1.49 LMT) and Qatar (1.24 LMT).
In terms of rupee value, Saudi Arabia was the biggest buyer, paying Rs 10,190.73 crore for the Indian basmati rice, followed by Iraq (Rs 7,201 crore), Iran (Rs 6,374 crore), UAE (Rs 3,089 crore), Yemen (Rs 3,038.56 crore), and the US (Rs 2,849 crore).
Other big importers of Indian basmati rice in terms of value include the UK (Rs 1,613.36 crore), Kuwait (Rs 1,518.8 crore), Oman (Rs 1,223 crore) and Qatar (Rs 1,040 crore).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
28 minutes ago
- Time of India
Qualcomm Snapdragon Auto Day India: Check out the date, location, themes and why it matters for automakers
Snapdragon Auto Day India drives innovation forward as Qualcomm gears up for its inaugural automotive showcase in New Delhi. This high‑profile event, held in partnership with Amazon Web Services, spotlights Qualcomm's cutting‑edge role in shaping connected vehicles, software‑defined mobility, and advanced driver assistance systems (ADAS). Industry leaders from OEMs, Tier 1 suppliers, and the broader ecosystem will gather to explore how Snapdragon Auto platforms and Vehicle‑to‑Everything (V2X) technology are set to transform mobility in India and beyond. With a strong emphasis on AI‑powered in‑car experiences, cloud integration, and intelligent mobility, this event marks a pivotal moment in India's rise as an automotive innovation hub. Stay tuned for insights on how Qualcomm's Auto Day plans to redefine future driving experiences. When is Snapdragon Auto Day India? In collaboration with AWS (Amazon Web Services), Qualcomm announced today that the inaugural "Snapdragon Auto Day" will occur in New Delhi on July 30, 2025. Making Indian roads safer and smarter while exhibiting the technology, cross-border learning, and partnerships that will shape the next ten years of mobility is the audacious goal of this historic occasion. Aim of Snapdragon Auto Day Qualcomm today announced its first-ever 'Snapdragon Auto Day' | Credit: Qualcomm Snapdragon Auto Day aims to introduce Qualcomm's hardware and software-level smart vehicle solutions to leaders in the automotive industry, automakers, Tier 1 stakeholders, and linked ecosystem partners. Qualcomm is currently at the forefront of software-based smart mobility solutions worldwide. It provides several smart connectivity and smart-car capabilities, including Cockpit, Ride, Car-to-Cloud, and Snapdragon's Auto Connectivity. Furthermore, Indian automakers would be able to use and incorporate all of these clever Qualcomm advancements into their upcoming models. Qualcomm Car-to-Cloud, for instance, will enable OEMs to provide "seamless in-vehicle connectivity and robust cloud integration." With a contemporary 3D UI/UX design language, brands may include Snapdragon's Cockpit experience to provide AI-based context-aware automotive solutions. Additionally, Qualcomm OEM partnerships will be able to provide intelligent Advanced Driver Assistance Systems (ADAS) for intelligent road safety features thanks to Snapdragon Auto Connectivity and Snapdragon Ride. Furthermore, when paired with its Vehicle-to-Everything (V2X) technology, Indian automakers may facilitate increased situational awareness and real-time driving communication. Qualcomm wants to use smarter mobility solutions to draw attention to the need for safer roads in India with Snapdragon Auto Day.
New Indian Express
31 minutes ago
- New Indian Express
Medi Assist Healthcare buys Paramount TPA for Rs 312 crore
MUMBAI: The Bengaluru-based third-party insurance service provider Medi Assist Healthcare Services has acquired 100% stake in the rival firm Paramount Health Services & Insurance TPA for a total consideration of around Rs 312 crore. This acquisition marks pivotal step in Medi Assist's continued growth strategy, reinforcing its position as the country's largest health benefits administrator. The transaction adds Rs 4,000 crore of health premia under administration to the only publicly traded company in this segment in India, Medi Assist said in a statement on Wednesday.
Hans India
32 minutes ago
- Hans India
Sensex, Nifty end lower as investors turn cautious over Trump's tariff deadline
Mumbai: The stock markets ended lower on Wednesday, as investor sentiment remained cautious due to US President Donald Trump's firm stand on the upcoming tariff deadline. The nervousness led to a risk-off mood among investors, pulling the benchmark indices lower. After rising to an intra-day high of 83,935.29, the Sensex lost momentum and closed at 83,409.69, down 287.6 points or 0.34 per cent. The Nifty also declined by 88.45 points or 0.35 per cent to end the day at 25,453.4. "Mixed global cues, particularly ahead of the impending tariff deadline, are driving investor caution,' Vinod Nair of Geojit Investments Limited said. 'Market attention is gradually shifting to crucial Q1 earnings, which have high expectations,' he added. Nair added that the underlying trends such as robust macroeconomic fundamentals and increased government expenditure continue to support market resilience. Among the Sensex stocks, the biggest losers were Bajaj Finserv, L&T, Bajaj Finance, HDFC Bank, and Bharat Electronics. On the other hand, Tata Steel, Asian Paints, Ultratech Cement, Trent, Maruti, and Sun Pharma were among the top gainers. Broader markets followed a similar trend. The Nifty Midcap100 index ended down by 0.14 per cent, while the Nifty Smallcap100 index slipped 0.41 per cent. Sector-wise, Nifty Metal, Consumer Durables, Auto, IT, Pharma, and Healthcare managed to close in the green. However, Nifty Realty, Financial Services, Bank, Oil & Gas, and Media dragged the overall sentiment with losses. The total market capitalisation of all listed companies on the NSE stood at Rs 5.35 trillion. Meanwhile, the India VIX, which measures market volatility, eased slightly by 0.66 per cent to settle at 12.44 points -- suggesting some cooling off in investor nervousness despite the day's losses. Gold traded in a narrow range as market awaits key US data releases. Comex Gold moved between $3327 – $3340, while MCX Gold traded between Rs 97,000 – Rs 97,400. 'The prices expected to remain in the broader range of Rs 96,500 – Rs 97,850 as participants price in potential dollar weakness and upcoming US data, including Non-Farm Payrolls (NFP), ADP non-farm employment, and unemployment figures,' Jateen Trivedi of LKP Securities stated.
