Basmati Rice exports may grow to Rs. 22,000-Rs. 22500 crores in Financial Year 2018
By PTI | Updated: Mar 29, 2017, 05.55 PM IST
MUMBAI: Basmati rice exports is likely to grow to Rs 22,000-22,500 crore and volume to around 4.09 million tonne mainly supported by an increase in average realisations, rating agency ICRA said in a report today.
“We expect the export volumes in FY17 to be around 4 million tonne (almost similar to the volumes in FY2016). However, muted average realisations are expected to keep the value of these exports to under Rs 21,000 crore, against Rs 22,718 crore in FY16,” said ICRA Assistant Vice ..