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Rice exports hit by price variations
According to reliable information till the year 2012-13, the rice exports from the country particularly from Kakinada Port to destinations like African countries, Afghanistan, Ethiopia, Zimbabwe and Bangladesh went off smoothly. However, in the last four years countries like Indonesia, Bangladesh, Pakistan Korea targeted international market with rice exports. Thus new phenomena said to have affec
Kakinada: The rice exports from AP to various destinations across the globe particularly to African countries said to have been affected in the current financial year 2016-17. Apart from international market price, competition from rice producers from neighboring States like Chhattisgarh, Madhya Pradesh touted to be another reason for the downfall in exports.
According to reliable information till the year 2012-13, the rice exports from the country particularly from Kakinada Port to destinations like African countries, Afghanistan, Ethiopia, Zimbabwe and Bangladesh went off smoothly. However, in the last four years countries like Indonesia, Bangladesh, Pakistan Korea targeted international market with rice exports. Thus new phenomena said to have affected the market of Indian rice to some extent. On price line as per the details variable during the year 2013- 14 rice exports from Kakinada port was to the tune of 21.75 lakh MT. In the next couple of years, the exports noticed slip from 20.53 lakh MT in 2014-15 to 19.60 lakh MT during 2015-16. With just three months left in the current financial year of 2016-17, the exports still December 1 touched mere 14 lakh MT.
Elaborating the shortfall, East Godavari Rice Industry Association president, Ambati Ramakrishna Reddy said that apart from international market the price tag of neighboring States has dented exports from AP.“We are supplying Swarna variety rice at Rs 2,050 per quintal, whereas the traders from Chhattisgarh and MP are supplying the same for Rs 1,800 per quintal and the exporters are showing inclination as towards other States due to Rs 250 variation per quintal,” he added.
However, we are hoping that exports for the 1010 variety of rice which will be produced during second crop which will be available up to September 2017 from March, April as the particular variety is in demand in overseas market. Summing it up, Dantu Surya Rao president of Cocanada Chamber of Commerce, the apex body which caters to the needs of export and imports from Kakinada, said that a sharp fall in rice exports has been noticed in the last six months. “We are hopeful of some improvement in exports in the next three months’ in this financial year 2016-17,” he concludes
