Latest news with #Basmati
Mint
2 days ago
- Business
- Mint
Leveraging cultural connections, Centre, UP push for ‘Buddha rice' exports to Thailand , Vietnam
New Delhi: The Uttar Pradesh government, in consultation with the commerce ministry, plans to promote the export of Kalanamak rice—also known as 'Buddha rice'— to countries with majority or large Buddhist populations. The traditional aromatic variety, known for its nutritional richness and growing global demand, will be sold in Thailand, Vietnam, Sri Lanka, Japan, Singapore and Nepal, among others, said UP's minister of industrial development, export promotion, NRI, and investment promotion, Nand Gopal Gupta 'Nandi' in an interview. Special export quota The plan is to leverage the rice's historical association with these countries. While rice exports from India were restricted last year, the central government has allowed a special quota of up to 1,000 tonnes for Kalanamak rice. Read more: India to revamp rice cultivation technique to save water, cut labour costs, reduce methane emissions Over 500 tonnes of the rice have been exported to Singapore, Nepal and other countries since the April 2024-waiver, the minister said. The rice is sought after in countries with Buddhist populations. India's exports of Basmati and non-Basmati rice stood at $11.14 billion in FY23 but declined to $10.42 billion in FY24 due to export restrictions. However, following the lifting of the ban on all types of rice in October 2024, exports surged to $12.47 billion in FY25, commerce ministry data showed. UP is formulating a new export policy aimed at tripling shipments to over ₹5 trillion in the next five years by tapping into new markets and diversifying its product base. The draft policy for 2025–30 is currently under review and is expected to be approved soon. The new policy will focus on increasing exports from the current level of ₹1.7 trillion recorded in 2023–24 to three times that amount by 2030. To achieve this, the state government is planning a series of measures, including subsidies and other incentives. 'There is strong demand for this unique variety of rice, both in India and abroad. To meet this growing interest, we are working to increase its production and bring more area under cultivation by focusing on research and seed development. As part of this effort, a Kalanamak Rice Research Centre is being set up in Siddharthnagar district of Uttar Pradesh in collaboration with the International Rice Research Institute (IRRI)," said Nandi. Kalanamak rice is a traditional, non-basmati aromatic rice grown in eastern Uttar Pradesh, particularly in Siddharthnagar, where it has been designated as an ODOP (one district one product) item. Besides, it is also cultivated in parts of Maharajganj, Gorakhpur, Deoria, Basti, Sant Kabir Nagar, Gonda, Balrampur, Bahraich, Sravasti and Kushinagar and has a Geographical Indication (GI) tag, marking out its exclusivity. The ministry of commerce's APEDA (Agricultural and Processed Food Products Export Development Authority) promotes several GI-tagged agricultural products for exports, including Basmati rice from Haryana, Punjab, Uttarakhand, Himachal Pradesh and Delhi; Darjeeling tea from West Bengal; and Alphonso mango from Maharashtra. Known for its distinct black husk, fragrance and high iron content, Kalanamak rice was cultivated over 82,000 hectares across 11 districts in 2024. It is estimated that this will increase to 100,000 hectares this year, the minister said. 'Kalanamak rice is a nutritional powerhouse. It is rich in iron and antioxidants, has a low glycemic index, and is naturally gluten-free, making it a healthy dietary choice, especially for diabetics and those seeking a balanced, nutrient-rich alternative to polished white rice," said Dr Monashish Sahu, an endocrinologist based in New Delhi. Read more: India eyes bumper basmati crop as short-duration variety acreage set to rise 10% The global 'fragrant and long grain' rice market is projected to grow from $30 billion in 2023 to $45 billion by 2032, at a compound annual growth rate (CAGR) of 4.5%, as per DataIntelo, a market research company. A Common Facility Centre (CFC) named Shivansh Siddharthnagar Agriculture Development Producer Company Ltd has been established under the ODOP initiative, with 80% government funding, to promote Kalanamak rice. It provides facilities for grading, packing, and other post-harvest processing to enhance export readiness.
Yahoo
3 days ago
- Business
- Yahoo
Global Rice Market Forecast to Reach $358.6 Billion by 2030 - Health-Conscious Shoppers Shift Demand Towards Brown, Parboiled, and Nutrient-Enriched Rice Offerings
Rice Market Dublin, May 28, 2025 (GLOBE NEWSWIRE) -- The "Rice Market by Product Type, Form, Variety, Distribution Channel, End Use, Cultivation Practice, Packaging Format - Global Forecast to 2030" report has been added to Rice Market grew from USD 307.60 billion in 2024 to USD 315.63 billion in 2025. It is expected to continue growing at a CAGR of 2.58%, reaching USD 358.60 billion by 2030. Pivotal Trends Reshaping the Rice IndustryThe rice industry is experiencing a wave of transformative shifts driven by a convergence of consumer, technological, and environmental factors. Health-conscious households now prioritize whole-grain and fortified varieties, prompting producers to expand offerings in brown rice, parboiled formats, and nutrient-enhanced blends. Concurrently, sustainability concerns have propelled investment in eco-friendly cultivation practices, with both conventional and organic farming methods refined to reduce water consumption and lower greenhouse gas the supply chain front, digitalization and traceability technologies are gaining traction as stakeholders seek greater transparency from farm to fork. Blockchain pilots and remote sensing solutions enable real-time monitoring of crop health and logistics, enhancing quality control and reducing wastage. Meanwhile, premiumization trends have spurred demand for specialty varieties such as Basmati and Jasmine, elevating price points and expanding margins for brands that can authentically convey provenance and sensory pivotal trends intersect with evolving trade frameworks and policy measures, setting the stage for new competitive dynamics and market realignments. Understanding how each element contributes to the broader ecosystem is essential for anticipating future disruptions and capitalizing on emerging the Implications of U.S. Tariffs on Rice TradeIn 2025, sweeping tariff adjustments by the United States government have redefined the contours of international rice trade. Policies aimed at protecting domestic producers have imposed higher duties on select rice imports, compelling exporters to reassess traditional market channels. These measures have led to a reconfiguration of sourcing strategies, with key suppliers exploring alternative destinations to absorb surplus volumes and mitigate margin importers reliant on external rice supplies, the elevated cost structure has translated into narrower price differentials and, in some cases, substitution with domestic or substitute grains. Retailers and food service operators have responded by renegotiating contracts, diversifying procurement portfolios, and investing in cost-control initiatives. At the same time, exporters have intensified efforts to enhance operational efficiency, adopting lean manufacturing and optimized logistics to offset tariff tariff landscape underscores the critical importance of agility. Companies that embrace supply chain diversification, foster new trade partnerships, and innovate in value-added product development will be best positioned to navigate sustained trade headwinds. As the industry adapts, shifts in market share are likely to precipitate broader competitive Nuances Steering Rice Market TrajectoriesRegional dynamics exert profound influence on the evolution of the rice market. In the Americas, a shift toward value-added and convenience-oriented products has accelerated the uptake of instant and parboiled rice, while consumer interest in authentic international cuisines has bolstered specialty and premium varieties. Regulatory landscapes and import policies in this region continue to evolve, prompting companies to adopt flexible sourcing and agile distribution Europe, the Middle East, and Africa present a complex tapestry of eating habits and trade structures. Demand in EMEA is driven by both traditional staples and growing interest in health and wellness, leading to higher adoption of brown rice and organic offerings. Specialty stores and e-commerce platforms have gained prominence alongside conventional channels, reflecting diverse consumer touchpoints and evolving retail remains the heartland of rice consumption and production, where deeply ingrained culinary traditions underpin robust demand for local varieties. Rising disposable incomes and urbanization have fueled interest in premium Jasmine, Basmati, and gourmet rice, even as smallholder farmers grapple with sustainability and yield challenges. E-commerce-led retail innovations are reshaping purchase behaviors, creating new pathways to market for established brands and emerging players Landscape and Leading Market PlayersThe competitive landscape of the rice industry features a blend of global multinationals and agile regional specialists. Leading players differentiate through investments in backward integration, ensuring stable supply of high-quality paddy and reinforcing traceability. Strategic partnerships with agricultural cooperatives and local farmers underpin sustainable sourcing initiatives, while joint ventures extend market reach in key growth leadership emerges as a critical differentiator, with top-tier companies spearheading the development of biofortified rice and nutrient-enriched formulations to address public health concerns. Meanwhile, regional brands leverage deep consumer insights to curate product lines that resonate with local tastes and cultural preferences. Mergers and acquisitions continue to redefine market share, as players seek economies of scale and expanded distribution engagement, through direct-to-consumer platforms and loyalty programs, enhances brand visibility and consumer retention. Investment in cold chain logistics and state-of-the-art milling facilities further strengthens competitive positioning, enabling faster time-to-market and consistency in premium quality Imperatives for Industry LeadersIndustry leaders must embrace a set of strategic imperatives to thrive in this dynamic environment. First, optimizing product portfolios by aligning portfolio breadth with emerging consumer trends ensures relevance and competitive advantage. Companies should accelerate adoption of sustainable cultivation practices, integrating water-saving irrigation and regenerative techniques to meet stakeholder expectations and regulatory supply chain resilience through diversification of sourcing and logistics partners will mitigate the impact of future trade disruptions. Data analytics should serve as the backbone of demand forecasting and inventory management, enabling rapid adjustments to price volatility and consumption shifts. Simultaneously, expanding into digital channels and e-commerce ecosystems will capture the growing segment of tech-savvy premium, health-oriented rice offerings presents a clear opportunity to command superior margins, while strategic collaborations with research institutions can drive product innovation. Engaging proactively with policymakers and participating in industry associations will help shape favorable trade and regulatory outcomes. Finally, pursuing targeted mergers or partnerships can accelerate market access and consolidate expertise, reinforcing long-term growth research report categorizes to forecast the revenues and analyze trends in each of the following sub-segmentations: Product Type Glutinous Long Grain Medium Grain Short Grain Form Brown Instant Parboiled White Variety Basmati Indica Japonica Jasmine Distribution Channel Convenience Store Online Retail Specialty Store Supermarket Hypermarket End Use Food Service Household Cultivation Practice Conventional Organic Packaging Format Bulk Retail Pack 2 To 5 Kg Above 5 Kg Under 2 Kg This research report categorizes to forecast the revenues and analyze trends in each of the following sub-regions: Americas United States California Texas New York Florida Illinois Pennsylvania Ohio Canada Mexico Brazil Argentina Europe, Middle East & Africa United Kingdom Germany France Russia Italy Spain United Arab Emirates Saudi Arabia South Africa Denmark Netherlands Qatar Finland Sweden Nigeria Egypt Turkey Israel Norway Poland Switzerland Asia-Pacific China India Japan Australia South Korea Indonesia Thailand Philippines Malaysia Singapore Vietnam Taiwan This research report categorizes to delves into recent significant developments and analyze trends in each of the following companies: China National Cereals, Oils and Foodstuffs Corporation Charoen Pokphand Foods Public Company Limited Olam International Limited Riceland Foods, Inc. Ebro Foods, S.A. Ricegrowers Limited KRBL Limited LT Foods Limited Cargill, Incorporated Vietnam Northern Food Corporation Key Attributes Report Attribute Details No. of Pages 199 Forecast Period 2025-2030 Estimated Market Value (USD) in 2025 $315.63 Billion Forecasted Market Value (USD) by 2030 $358.6 Billion Compound Annual Growth Rate 2.5% Regions Covered Global For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Rice Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error while retrieving data Sign in to access your portfolio Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Global Rice Market Forecast to Reach $358.6 Billion by 2030 - Health-Conscious Shoppers Shift Demand Towards Brown, Parboiled, and Nutrient-Enriched Rice Offerings
Rice Market Dublin, May 28, 2025 (GLOBE NEWSWIRE) -- The "Rice Market by Product Type, Form, Variety, Distribution Channel, End Use, Cultivation Practice, Packaging Format - Global Forecast to 2030" report has been added to Rice Market grew from USD 307.60 billion in 2024 to USD 315.63 billion in 2025. It is expected to continue growing at a CAGR of 2.58%, reaching USD 358.60 billion by 2030. Pivotal Trends Reshaping the Rice IndustryThe rice industry is experiencing a wave of transformative shifts driven by a convergence of consumer, technological, and environmental factors. Health-conscious households now prioritize whole-grain and fortified varieties, prompting producers to expand offerings in brown rice, parboiled formats, and nutrient-enhanced blends. Concurrently, sustainability concerns have propelled investment in eco-friendly cultivation practices, with both conventional and organic farming methods refined to reduce water consumption and lower greenhouse gas the supply chain front, digitalization and traceability technologies are gaining traction as stakeholders seek greater transparency from farm to fork. Blockchain pilots and remote sensing solutions enable real-time monitoring of crop health and logistics, enhancing quality control and reducing wastage. Meanwhile, premiumization trends have spurred demand for specialty varieties such as Basmati and Jasmine, elevating price points and expanding margins for brands that can authentically convey provenance and sensory pivotal trends intersect with evolving trade frameworks and policy measures, setting the stage for new competitive dynamics and market realignments. Understanding how each element contributes to the broader ecosystem is essential for anticipating future disruptions and capitalizing on emerging the Implications of U.S. Tariffs on Rice TradeIn 2025, sweeping tariff adjustments by the United States government have redefined the contours of international rice trade. Policies aimed at protecting domestic producers have imposed higher duties on select rice imports, compelling exporters to reassess traditional market channels. These measures have led to a reconfiguration of sourcing strategies, with key suppliers exploring alternative destinations to absorb surplus volumes and mitigate margin importers reliant on external rice supplies, the elevated cost structure has translated into narrower price differentials and, in some cases, substitution with domestic or substitute grains. Retailers and food service operators have responded by renegotiating contracts, diversifying procurement portfolios, and investing in cost-control initiatives. At the same time, exporters have intensified efforts to enhance operational efficiency, adopting lean manufacturing and optimized logistics to offset tariff tariff landscape underscores the critical importance of agility. Companies that embrace supply chain diversification, foster new trade partnerships, and innovate in value-added product development will be best positioned to navigate sustained trade headwinds. As the industry adapts, shifts in market share are likely to precipitate broader competitive Nuances Steering Rice Market TrajectoriesRegional dynamics exert profound influence on the evolution of the rice market. In the Americas, a shift toward value-added and convenience-oriented products has accelerated the uptake of instant and parboiled rice, while consumer interest in authentic international cuisines has bolstered specialty and premium varieties. Regulatory landscapes and import policies in this region continue to evolve, prompting companies to adopt flexible sourcing and agile distribution Europe, the Middle East, and Africa present a complex tapestry of eating habits and trade structures. Demand in EMEA is driven by both traditional staples and growing interest in health and wellness, leading to higher adoption of brown rice and organic offerings. Specialty stores and e-commerce platforms have gained prominence alongside conventional channels, reflecting diverse consumer touchpoints and evolving retail remains the heartland of rice consumption and production, where deeply ingrained culinary traditions underpin robust demand for local varieties. Rising disposable incomes and urbanization have fueled interest in premium Jasmine, Basmati, and gourmet rice, even as smallholder farmers grapple with sustainability and yield challenges. E-commerce-led retail innovations are reshaping purchase behaviors, creating new pathways to market for established brands and emerging players Landscape and Leading Market PlayersThe competitive landscape of the rice industry features a blend of global multinationals and agile regional specialists. Leading players differentiate through investments in backward integration, ensuring stable supply of high-quality paddy and reinforcing traceability. Strategic partnerships with agricultural cooperatives and local farmers underpin sustainable sourcing initiatives, while joint ventures extend market reach in key growth leadership emerges as a critical differentiator, with top-tier companies spearheading the development of biofortified rice and nutrient-enriched formulations to address public health concerns. Meanwhile, regional brands leverage deep consumer insights to curate product lines that resonate with local tastes and cultural preferences. Mergers and acquisitions continue to redefine market share, as players seek economies of scale and expanded distribution engagement, through direct-to-consumer platforms and loyalty programs, enhances brand visibility and consumer retention. Investment in cold chain logistics and state-of-the-art milling facilities further strengthens competitive positioning, enabling faster time-to-market and consistency in premium quality Imperatives for Industry LeadersIndustry leaders must embrace a set of strategic imperatives to thrive in this dynamic environment. First, optimizing product portfolios by aligning portfolio breadth with emerging consumer trends ensures relevance and competitive advantage. Companies should accelerate adoption of sustainable cultivation practices, integrating water-saving irrigation and regenerative techniques to meet stakeholder expectations and regulatory supply chain resilience through diversification of sourcing and logistics partners will mitigate the impact of future trade disruptions. Data analytics should serve as the backbone of demand forecasting and inventory management, enabling rapid adjustments to price volatility and consumption shifts. Simultaneously, expanding into digital channels and e-commerce ecosystems will capture the growing segment of tech-savvy premium, health-oriented rice offerings presents a clear opportunity to command superior margins, while strategic collaborations with research institutions can drive product innovation. Engaging proactively with policymakers and participating in industry associations will help shape favorable trade and regulatory outcomes. Finally, pursuing targeted mergers or partnerships can accelerate market access and consolidate expertise, reinforcing long-term growth research report categorizes to forecast the revenues and analyze trends in each of the following sub-segmentations: Product Type Glutinous Long Grain Medium Grain Short Grain Form Brown Instant Parboiled White Variety Basmati Indica Japonica Jasmine Distribution Channel Convenience Store Online Retail Specialty Store Supermarket Hypermarket End Use Food Service Household Cultivation Practice Conventional Organic Packaging Format Bulk Retail Pack 2 To 5 Kg Above 5 Kg Under 2 Kg This research report categorizes to forecast the revenues and analyze trends in each of the following sub-regions: Americas United States California Texas New York Florida Illinois Pennsylvania Ohio Canada Mexico Brazil Argentina Europe, Middle East & Africa United Kingdom Germany France Russia Italy Spain United Arab Emirates Saudi Arabia South Africa Denmark Netherlands Qatar Finland Sweden Nigeria Egypt Turkey Israel Norway Poland Switzerland Asia-Pacific China India Japan Australia South Korea Indonesia Thailand Philippines Malaysia Singapore Vietnam Taiwan This research report categorizes to delves into recent significant developments and analyze trends in each of the following companies: China National Cereals, Oils and Foodstuffs Corporation Charoen Pokphand Foods Public Company Limited Olam International Limited Riceland Foods, Inc. Ebro Foods, S.A. Ricegrowers Limited KRBL Limited LT Foods Limited Cargill, Incorporated Vietnam Northern Food Corporation Key Attributes Report Attribute Details No. of Pages 199 Forecast Period 2025-2030 Estimated Market Value (USD) in 2025 $315.63 Billion Forecasted Market Value (USD) by 2030 $358.6 Billion Compound Annual Growth Rate 2.5% Regions Covered Global For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Rice Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Revenues Forecast to Reach $59.9 Million by 2030 KRBL, LT Foods, Kohinoor Foods, Adani Wilmar, and Amira Nature Foods Lead the Global Market
Basmati Rice Market Dublin, May 28, 2025 (GLOBE NEWSWIRE) -- The "Basmati Rice Market by End User, Distribution Channel, Product Type, Packaging, Grain Length, Physical Form, Price Tier - Global Forecast to 2030" report has been added to Basmati Rice Market grew from USD 39.84 million in 2024 to USD 42.75 million in 2025. It is expected to continue growing at a CAGR of 7.03%, reaching USD 59.90 million by 2030. The Basmati rice sector is experiencing a period of profound transformation, propelled by shifting consumer tastes, technological advancements, and supply chain reconfigurations. Rising consumer awareness around health and wellness has accelerated demand for organic cultivars, prompting producers to invest in certified farming practices and transparent sourcing mechanisms. Simultaneously, the proliferation of e-commerce platforms has redefined distribution, enabling direct-to-consumer models that bypass traditional retail networks and offer curated product portfolios at competitive price markets in Asia-Pacific are redefining growth paradigms, as surging disposable incomes drive new consumption occasions beyond staple use. This dynamic has catalyzed product innovation, ranging from flavored Basmati variants to portion-controlled packaging formats tailored for urban lifestyles. In parallel, automation and digital traceability solutions are gaining traction across cultivation and milling operations, enhancing quality control and reducing post-harvest increasing collaborations between industry players and research institutions are fostering the development of high-yield, climate-resilient rice strains. These scientific breakthroughs aim to address sustainability challenges posed by erratic weather patterns and water scarcity. As stakeholders navigate this complex landscape, the ability to anticipate consumer shifts and leverage technological enablers will define the next phase of competitive differentiation and market the 2025 U.S. Tariff Implications on Basmati Rice TradeThe imposition of new tariffs by the United States in 2025 has introduced a notable inflection point for global Basmati rice trade flows. By adjusting duty rates, U.S. regulators sought to protect domestic producers while responding to geopolitical considerations, inadvertently introducing complexity into cost structures for importers and distributors. As a result, landed prices for Basmati shipments have risen, compelling key stakeholders to reevaluate sourcing strategies and margin have diversified supplier portfolios, exploring origins beyond traditional South Asian hubs to mitigate tariff exposure and preserve price competitiveness. Meanwhile, certain distributors have opted to absorb increased duty burdens temporarily, leveraging long-term contracts and hedging mechanisms to maintain customer loyalty. This shift underscores a broader realignment of value chains, as firms optimize logistics networks, consolidation points, and cross-border partnerships to offset incremental the tariff adjustments have spurred greater interest in domestic milling capabilities, with U.S. processors investigating joint ventures and technology transfers with experienced rice producers. This collaborative approach aims to establish localized, tariff-advantaged supply sources, fortify quality assurance, and reduce time-to-shelf for specialty rice segments. Across the Americas, stakeholders who proactively adapt to the new duty landscape are positioning themselves to capture market share in the face of evolving trade Perspectives Driving Basmati Rice Demand WorldwideRegional dynamics exert a profound influence on the performance and growth trajectories of the Basmati rice market. In the Americas, shifting demographics and expanding multicultural populations have fortified demand for authentic Basmati rice, prompting distributors to enhance import capacity while investing in localized marketing campaigns. This region's affinity for convenience and premium experiences has also accelerated the uptake of single-serve and value-added Basmati Europe, Middle East & Africa, consumers exhibit a strong preference for organic and sustainably sourced products, driving certified Basmati varieties to the forefront of retail assortments. Meanwhile, the Middle East's proximity to major production areas has sustained its position as a significant re-export hub, capitalizing on efficient logistics corridors and established trade agreements. In Africa, emerging market potential is unlocking distribution partnerships and localized branding initiatives that cater to growing urban Asia-Pacific region remains the largest consumer base, where traditional consumption patterns coexist with burgeoning interest in premium and specialty segments. Urbanization, rising incomes, and exposure to global cuisines have diversified demand profiles, encouraging producers to introduce innovative packaging, fortified Basmati options, and co-branded collaborations with regional food service chains. Each region's distinct market dynamics underscores the imperative for tailored strategies that resonate with local consumer aspirations and regulatory Profiles of Leading Basmati Rice PlayersThe Basmati rice market's competitive landscape is defined by a mix of established heritage producers and agile challengers. Leading players have leveraged investments in advanced milling technologies and vertically integrated supply chains to secure consistent product quality, reduce operational costs, and enhance traceability. Several key firms have also forged strategic alliances with agricultural research centers to pioneer high-yield seed varieties that optimize water usage and climate emerging companies are distinguishing themselves through value-added offerings, including premium ready-to-cook kits and curated Basmati collections targeting health-conscious and gourmet segments. These challengers have harnessed digital marketing channels to amplify brand storytelling and engage directly with end consumers, bypassing traditional wholesale routes. At the same time, collaborative ventures between multinational distributors and regional producers have enabled scale efficiencies while preserving authenticity the spectrum, leading organizations are prioritizing sustainability certifications, from organic and fair-trade labels to carbon-neutral milling processes. This emphasis on environmental stewardship not only caters to conscious consumers but also aligns with evolving regulatory frameworks in core markets. By balancing legacy strengths with forward-looking innovations, top-tier companies are well positioned to consolidate market share as the Basmati rice sector accelerates into its next growth Pathways for Industry Leaders to Capitalize on GrowthIndustry leaders can harness several strategic levers to fortify market positions and catalyze growth. First, forging closer partnerships with upstream farming communities will ensure reliable access to premium paddy stocks while enabling collaborative sustainability initiatives that resonate with consumers. Bolstering digital traceability from field to fork can further differentiate brands by providing verifiable provenance and quality diversifying distribution models through direct-to-consumer e-commerce platforms, subscription services, and cross-border micro-fulfillment centers will unlock new revenue streams and reduce dependency on traditional wholesale channels. Concurrently, investing in product innovation-such as fortified or flavored Basmati variants and convenient single-serve packaging-will cater to evolving lifestyle preferences and expand consumption occasions beyond conventional culinary proactive engagement with trade policy developments and tariff mitigation strategies will shield supply chains from disruptive cost fluctuations. Exploring joint ventures for localized milling or co-packaging within key import markets can circumvent duty barriers and reinforce just-in-time delivery capabilities. Finally, embedding sustainability at the core of corporate strategies-through water-conservation technologies, renewable energy adoption, and farmer welfare programs-will solidify brand equity and unlock access to premium Segmentation & CoverageThis research report categorizes to forecast the revenues and analyze trends in each of the following sub-segmentations: End User Food Service Retail Distribution Channel Convenience Stores Direct Sales Online Retail Specialty Stores Supermarkets Hypermarkets Product Type Aged Basmati Organic Basmati Traditional Basmati Packaging 1 To 5 Kg 6 To 10 Kg Above 10 Kg Grain Length Extra Long Long Medium Short Physical Form Broken Polished Unpolished Price Tier Economy Premium Standard This research report categorizes to forecast the revenues and analyze trends in each of the following sub-regions: Americas United States California Texas New York Florida Illinois Pennsylvania Ohio Canada Mexico Brazil Argentina Europe, Middle East & Africa United Kingdom Germany France Russia Italy Spain United Arab Emirates Saudi Arabia South Africa Denmark Netherlands Qatar Finland Sweden Nigeria Egypt Turkey Israel Norway Poland Switzerland Asia-Pacific China India Japan Australia South Korea Indonesia Thailand Philippines Malaysia Singapore Vietnam Taiwan This research report categorizes to delves into recent significant developments and analyze trends in each of the following companies: KRBL Limited LT Foods Limited Kohinoor Foods Limited Adani Wilmar Limited Amira Nature Foods Limited Ebro Foods, S.A. Olam International Limited VeeTee Rice Limited Key Attributes Report Attribute Details No. of Pages 199 Forecast Period 2025-2030 Estimated Market Value (USD) in 2025 $42.75 Million Forecasted Market Value (USD) by 2030 $59.9 Million Compound Annual Growth Rate 7.0% Regions Covered Global For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Basmati Rice Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Indian Express
5 days ago
- Business
- Indian Express
Trade deals will bring opportunities for Indian agriculture. But there will also be challenges
In a year marked by the Donald Trump administration's shifting tariffs and global geopolitical tensions, India's trade performance faces several challenges. While the India-UK Free Trade Agreement has been successfully concluded, the government is negotiating a bilateral trade agreement with the US. In the meantime, it would be interesting to review and reflect on India's trade performance in the financial year 2024-25 (FY25). India's total exports, comprising goods and services, increased to $820.93 billion in FY25. This marks a 6.5 per cent increase over FY24. Merchandise exports accounted for $437.42 billion (53 per cent), while services, powered by India's global edge in IT, finance, and business solutions, contributed $383.51 billion (47 per cent). Imports, however, grew at a faster clip of 6.85 per cent, reaching $915.19 billion in FY25. Of total imports, merchandise made up the lion's share (79 per cent) with $720.24 billion, while services added $194.95 billion (21 per cent). This pushed the trade deficit to $94.26 billion, up from $78.39 billion in FY24. With the IMF pegging India's nominal GDP at $4.19 trillion in FY25, the trade-to-GDP ratio stands at a robust 41.4 per cent — this reflects a deeper link with global markets. In the case of agriculture — a sector employing over 46 per cent of India's workforce — agri-exports inched up to $52 billion in FY25 from $48.9 billion a year earlier, registering a modest 6.3 per cent increase. While this is a welcome trend, it's still far off the $100-billion target set for 2030. Compare this with the performance between FY05 and FY14, when agri-exports grew by an average of 20 per cent annually, leaping from $8.7 billion to $43.3 billion. The last decade, in contrast, has been sluggish. From FY15 to FY25, average annual growth collapsed to just 2.3 per cent. As a result, India's agri-trade surplus shrank from $27.7 billion in FY14 to just $13.8 billion in FY25. Several factors explain this. Global price trends are one. When world agri-prices rise, Indian exports benefit. When they fall, we lose ground. But there's more at play. Domestic trade policies, especially frequent export bans and curbs on essentials like rice, wheat, sugar, and onions, have repeatedly disrupted export momentum. These measures are often driven by inflation fears at home but end up affecting exports adversely. Rice, India's top agricultural export in FY25, is a case in point. The country exported 20.2 million metric tonnes (MMT), worth $12.5 billion, nearly a fourth of all agri-exports. Other key items exported include marine products ($7.4 billion), spices ($4.5 billion), buffalo meat ($4.1 billion), processed foods ($3.5 billion), tea and coffee ($2.7 billion), and sugar ($2.2 billion). The government's rice export controls in 2022-23 offer useful lessons. As India restricted broken rice exports, slapped duties on parboiled rice, and introduced a minimum export price (MEP) for Basmati, global rice prices spiked. Although the volume of exports fell by 27 per cent — from 22.3 MMT in FY23 to 16.3 MMT in FY24 — the export value dropped by only 6 per cent. Once most restrictions on rice exports were lifted in late 2024 (except for broken rice), rice exports bounced back to 20.2 MMT, bringing in $12.5 billion in FY25. This points to a critical insight: India's dominance in global rice trade — about one-third of the 61.4 MMT market in FY25 — gives it the power to influence global prices. But over-exporting depresses these prices, yielding lower marginal revenue. Our analysis of optimal export tax suggests that India should impose an export duty of about 10 to 15 per cent to ensure that marginal revenue from exports is not declining. Another concern with rice exports is that much of India's global competitiveness stems from heavy subsidies on water, electricity, and fertilisers used in its production. Growing rice is extremely water-intensive — growing a kilogram of rice requires 3,000 to 5,000 litres of water, depending on the topography. If we take an average of 4,000 litres per kg, and assume that half of it percolates back to groundwater, still exporting 20.2 MMT of rice effectively means exporting around 40 billion cubic metres of water. That's a massive drain on our scarce water resources. India's agri-export strategy must focus on improving productivity across the board. This means greater investment in research and development, better seed technology, expanded irrigation, judicious use of fertilisers, and wider adoption of resource-efficient farming practices such as precision agriculture and fertigation — applying fertilisers through an irrigation system, typically drip or micro-irrigation. By doing so, India can lower its per-unit cost of production, enhance its global competitiveness, increase export earnings, boost farmer incomes, and promote environmental sustainability. On the import front, India's agri-imports rose by 16.5 per cent in FY25, from $32.8 billion in FY24 to $38.2 billion in FY25. Edible oils dominate the import basket, comprising $17.3 billion for 16.4 MMT, accounting for 45.4 per cent of total agri-imports. With 55–60 per cent of edible oil consumption met through imports — primarily palm oil, followed by soybean and sunflower — this dependence is excessive and unsustainable. India must pursue a targeted, pragmatic policy focused on domestic oil palm cultivation. Oil palm yields up to four tonnes of oil per hectare, 10 times more than mustard. However, it takes four to six years to mature, during which smallholders face income loss. Government support, equivalent to the opportunity cost of their land (that forgone income from crops), is essential during this gestation phase. Further, incentives should also promote higher oil recovery rates through improved processing. Considering socio-political sensitivities around land ownership, a regulated plantation model involving corporate leasing under oversight and collaboration with farmer producer organisations (FPO) could unlock private investment while safeguarding farmer interests. India's broader trade story is promising. Agriculture, however, presents both challenges and opportunities. A consistent and strategic approach to trade policy, combined with long-term investments in sustainable productivity, will be key to unlocking the sector's full potential on the global stage. Gulati is Distinguished Professor and Juneja is research fellow at ICRIER. Views are personal
