India rice exports surge to record on Bangladesh’s strong import appetite – Feedback

India’s rice exports likely jumped 22 per cent in 2017 to a record 12.3 million tonnes as neighbouring Bangladesh ramped up purchases after flooding hit its crops, industry officials told Reuters.

The boost in shipments from the world’s top exporter of the grain is set to extend into 2018 as Bangladesh and Sri Lanka continue to buy aggressively amid depleting inventories in No.2 exporter Thailand, the officials said.“Bangladesh was actively buying throughout 2017. It offset the impact of slightly weaker demand from African countries,” said M Adishankar, Executive Director at Sri Lalitha, a leading rice exporter located in Andhra Pradesh.

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *