See 30% volume growth in FY16 on low rice prices: Kohinoor

Kohinoor Foods' basmati rice exports and domestic sales grew 15 percent and 25 percent, respectively, says Satnam Arora, Joint MD of Kohinoor Foods. With increased demand for basmati rice in UK and UAE markets, he expects a volume growth of 30 percent this fiscal.Speaking to CNBC-TV18, Arora says the company’s exports value declined due to pricing issue, but volumes.However, he believes lower prices to be positive for the company’s performance as he says: “We feel that lower prices are much better for exports; because of higher prices customers hesitate to buy whereas at lower prices they jump into the market."Transcript to follow