India rice exports hit 8-year low as price rise dents demand

Friday, 7 February 2020 00:00 - - {{hitsCtrl.values.hits}}

A labourer carries a sack filled with rice to load onto a truck from the railway's goods yard in Ahmedabad - Reuters

MUMBAI (Reuters): India’s rice exports in 2019 fell 18.1 % from a year ago to their lowest in eight years, Government data shows, as demand moderated from key Asian and African buyers due to higher prices.

The south Asian country’s exports stood at 9.87 million tons in 2019, the lowest since 2011, and down from 12.05 million tons in 2018, according to data compiled by the Ministry of Commerce and Industry.

India is the world’s largest exporter of rice.