A Good crop & competitive pricing drive India’s strong rice exports: LT Foods

India's rice exports have grown 70 percent in the first half of FY21 on the back of strong demand from West Africa and South East Asia.

While volumes have increased, realizations per tonne have dropped. Ashwani Kumar Arora MD & CEO of LT Foods and Anil Mittal, CMD of KRBL discuss all this and more.

Arora said, “The bigger growth we have seen is in the non-basmati rice from last year. In the first seven months it has grown more than 100 percent and that is only because India is sitting on a good stock position. Good crop and competitive price that has given India the growth in African and Asian markets.”