India FY 2012-13 Rice Export Earnings Stand at $5.6 Billion; Up 40% From Previous Year

India earned about $5.6 billion from rice exports in the fiscal year (FY) 2012-13 (April – March), up about 40% from the previous FY 2011-12, according to provisional data from official sources.

In terms of value, the largest destination for Indian rice in FY 2012-13 was Saudi Arabia which accounted for about $678.5 million, up about 10% from the previous fiscal year, while rice exports to the U.A.E. earned about $343 million in FY 2012-13, down about 47% from FY 2011-12.

Details of earnings from rice exports to other major destinations in FY 2012-13 are as follows:

Nigeria – About $307 million, up about 4% from the previous fiscal year.

Senegal – About $243 million, up about 148% from the previous fiscal year.

Benin – About $217 million, up about 186% from the previous fiscal year.

Kuwait – About $196 million, down about 17% from the previous fiscal year.

Cote D’ Ivoire – About $195 million, up about 111% from the previous fiscal year.

Iraq – About $186 million, up about 36% from the previous fiscal year.

Yemen – About $170 million, up about 77% from the previous fiscal year.

South Africa – About $164 million, up about 118% from the previous fiscal year.

U.K. – About $150 million, up about 30% from the previous fiscal year.

U.S. – About $107 million, up about 12% from the previous fiscal year.

Guinea – About $95.8 million, up about 1,856% from the previous fiscal year.

Nepal – About $92 million, up about 163% from the previous fiscal year.

India’s earnings from rice exports in FY 2012-13 increased significantly in:

South Korea - about $4.8 million, up about 139,041% from previous FY.

Rwanda - about $1.58 million, up about 1,100% from previous FY.

Belarus - about $1.5 million, up about 1,404% from previous FY.

Burkina Faso - about $1.1 million, up about 1,198% from previous FY.

Mexico - about $942,000, up about 5,383% from previous FY).

Taiwan - about $855,000, up about 2,051% from previous FY.

Colombia - about $310,000, up about 2,204% from previous FY.

Cayman Islands - about $76,300, up about 3,470% from previous FY.

Mali - about $66,334, up about 4,850% from previous FY.

India’s rice exports in FY 2012-13 are estimated at around 10 million tons, up about 30% from around 7.3 million tons exported in the previous fiscal year.

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