Rice and guargum drove India’s Apr-Nov 2017 agriculture exports

India’s agri exports during April-November of 2017-18 financial year rose by almost 11 per cent in rupee terms and 15 per cent in dollar terms, led by a surge in shipments of non-basmati and basmati rice, guargum and dairy products.

India exported 26.21 lakh tonnes of basmati rice worth Rs.16,838 crore during the April-November of 2017-18 financial year, up 1.66% in quantity terms and up 24.07% in value terms Exports of non-basmati rice during the period recorded at 55.7 lakh tonnes, valuing Rs 14,804 crore, up 35.29% and 41.84% year-on-year, respectively.

Demand from Iran and West Asian nations continued to push up basmati rice shipments. Purchases by Sri Lanka, where drought has impacted the local rice production, and Bangladesh have also contributed to the growth of non-basmati rice exports.

The country exported 3.21 lakh tonnes of Guargum, valuing Rs 2,588 crore during the period as compared to 2.26 lakh tonnes (Rs 1672 crore) during the same period last year.

Shipments of guargum, used by the US shale gas industry in extracting the gas, stood at 1.45 lakh tonnes in April-June this year, against 77,174 tonnes in the corresponding period last year.

India’s total agri and processed food exports stood at Rs 1.088 lakh crore in 2016-17.

Shekhar Ghosh is consulting editor, Indoasiancommodities.com. He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and many other international publications. He also advises companies on thought leadership imperatives.

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