India’s rice heads to Beijing now

06.08.2018

China is set to import Indian basmati and non-basmati rice for the first time, said millers and traders who have started getting inquiries from buyers from the neighbouring nation.

Beijing has already cleared 19 Indian rice companies to buy rice from. India exports 4 million tonnes of aromatic basmati rice a year and expects that to grow 5% this year with the opening of the new market, traders said. The country ships another 8.5 million tonnes of non-basmati rice to international markets.

“Trading companies like Louis Dreyfus, Cofco Agri and regional players like Beijing Guchuan Rice Mills and Nice Foods are keen to import basmati, nonbasmati and even broken rice from India. It is a good development for Indian rice companies and farmers,” said Vijay Setia, president of the All India Rice Exporters Association.

Kohinoor Foods, LT Foods, KRBL, Lalitha Enterprises Industries, Sriram Foods and Gajanan Rice Mills are among companies which have the permission to export to China and are already in talks with buyers.


indiatimes

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