According to the global credit ratings agency CRISIL, India’s rice exports are set to register a three-fold increase at 7 million tonnes in 2011-12 on growing output and weak production outlook in major exporting countries.
The agency estimates India's share in global rice trade to triple to 21% in 2011-12 from 7% in 2010-11. It said, ‘we expect India's rice exports to reach around 7 million tonnes in 2011-12, up from 2.2 million tonnes in 2010-11.’
The better monsoon across rice cultivating states is expected to further help the country's rice production to reach 100 million tonnes in 2011-12, up 6% over the previous year. According to the agriculture ministry, India produced 95.32 million tonnes of rice in 2010-11 crop year (July-June) and the government has set a target of producing 102 million tonnes of the essential food crop in 2011-12.
The move to lift the ban on rice exports has come at a great time and could translate into additional $2 billion in export revenue. Further, the agency said, an expected decline in rice output in leading rice exporting nations such as Thailand, Vietnam and Pakistan also favoured Indian exporters. ‘Rice production in Thailand, the largest exporter, is expected to decline in 2011-12 due to a damaged crop following floods.’
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: