Indian rice exports suspended on supply chain disruption -industry – ZAWYA

Indian rice exports suspended on supply chain disruption -industry – ZAWYA

New Delhi mainly exports non-basmati rice to Bangladesh, Nepal, Benin and Senegal, and premium basmati rice to Iran, Saudi Arabia and Iraq. About 400,000 tonnes of non-basmati rice and 100,000 tonnes of basmati rice, meant for March-April delivery, are either stuck at ports or in the pipeline due to the lockdown, exporters said.. As Cambodia, Vietnam and Myanmar curbed their rice exports, demand for Indian rice surged, but traders are not signing new contracts, said Nitin Gupta, vice president of trader Olam India's rice business.. India's rice exports in 2019 fell 18.1% from a year earlier to 9.87 million tonnes, the lowest in eight years, as demand moderated from key Asian and African buyers.. India is likely to produce 117.47 million tonnes of rice in 2019/20 against an annual consumption of about 100 million tonnes, with state inventories at 31 million tonnes..