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India's rice exports surge to record high in 2017/18

The country's buffalo meat exports in the year ended March 31 rose nearly 2 percent to 1.35 million tonnes on upbeat demand from Vietnam, Malaysia and Egypt, the Agricultural and Processed Food Products Export Development Authority said.

April 27, 2018 / 03:42 PM IST
A vendor waits for customers as he sells rice at a market in Kolkata September 23, 2010. India's food price index rose 15.46 percent in the year to September 11, government data on Thursday showed. REUTERS/Rupak De Chowdhuri (INDIA - Tags: AGRICULTURE BUSINESS) - RTXSK2L

A vendor waits for customers as he sells rice at a market in Kolkata September 23, 2010. India's food price index rose 15.46 percent in the year to September 11, government data on Thursday showed. REUTERS/Rupak De Chowdhuri (INDIA - Tags: AGRICULTURE BUSINESS) - RTXSK2L

India's rice exports surged 18 percent from a year ago to a record 12.7 million tonnes in 2017/18 on good demand for non basmati rice from Bangladesh, Benin and Sri Lanka, a government body said in a statement.

The country's buffalo meat exports in the year ended March 31 rose nearly 2 percent to 1.35 million tonnes on upbeat demand from Vietnam, Malaysia and Egypt, the Agricultural and Processed Food Products Export Development Authority said.

Guar gum exports during the period rose nearly 18 percent to 494,126 tonnes as U.S. shale oil producers raised buying, the data showed.

India is the world's biggest exporter of rice, buffalo meat and guar gum.
Reuters
first published: Apr 27, 2018 03:36 pm

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