Production, demand and export of Basmati Rice from India
India is the world's leading producer of Basmati rice and its share in the total global production is about 55% as there are limited basmati producing regions in the world. Demand for basmati is increasing nowadays not only in India but also in major countries like Japan, USA, Germany and others. A variety of Export promotions have been launched by the Indian Government to boost export of basmati rice. Production of basmati rice in India India is one of the largest basmati rice exporters in the world. The total production of basmati rice is estimated at 4.1 million tonnes and is expected to reach 5 million tonnes by 2018-19. A report by MarketResearchFuture.com titled ‘India Basmati Rice Market Research Report - Forecast to 2023’, states that the market for India Basmati Rice will grow at a CAGR of 8.48%, and the yield rate is expected to increase from approximately 2,500 kg/ha in 2017 to 3045 kg/ha by 2023. The average paddy yield rate in India has shown a positive trend ...