Adding another blow to Basmati export, Oman, Egypt, Jordan, UAE, and Saudi Arabia adopted pesticide residue norms in 2021 that were on par with those in the EU. One of the most common Basmati rice varieties produced in India does not qualify for duty rebate from the EU. Trade policy analyst S Chandrasekaran told Business Standard that Basmati sales to the EU had dropped to 150,000-200,000 tonnes from 500,000 tonnes a year. Fungicide problems in the European Union is also a big contributing factor. This is due to reduced price differentials. In the last three years, around 20 per cent area has shifted from Basmati to non-Basmati rice in these regions. APEDA Chairman M Angamuthu told Business Standard that in some areas, due to an increase in minimum support price, the Basmati acreage had been overtaken by non-Basmati rice. It was mostly because Iran’s rupee reserves dwindled. Shipments to Iran plunged 26% from a year ago to 834,458 tonnes. Experts have told Business Standard that the reasons for the continued fall in exports include the loss of the traditional market of Iran due to US sanctions. In 2021-22, India exported 3.53 billion dollars worth of Basmati rice, the lowest since 2019-20. This fact has been highlighted by the provisional figures. But for the third consecutive year, exports of Basmati rice saw a fall over the previous year in value terms. India clocked the highest-ever agriculture exports of over 50 billion dollars in FY22.
India is still the world’s largest exporter of basmati. Its main producing regions are the states of Punjab and Haryana, along with the foothills of the Himalayas. All of this has made Basmati rice one of India's oldest anchors in farm exports. In India too, biryani or matar pulao cannot be imagined without basmati. Basmati rice is popular due to its long grains, distinctive texture, and rich fragrance. From risotto to Iranian pulao, Indian Basmati has been an essential part of recipes savoured in different parts of the world for ages.
0 kommentar(er)
