Riding the Global Basmati Rice Boom with Tradologie

Basmati rice is in high demand worldwide, opening up profitable prospects for exporters of the premium aromatic rice. Recent policy shifts in India—the world’s largest rice exporter—have further opened the floodgates for international trade.

Game-Changer for Rice Exports

India's dominant role in the global rice trade means its export restrictions significantly impact world rice supplies and prices. Here is how recent changes in India’s rice export policies have transformed the landscape in the global rice markets:

• Past Restrictions: In 2023, India imposed bans and high duties on non-basmati rice exports to stabilize domestic prices. Basmati rice was subject to a minimum export price.
• Removal of Export Resctrictions: In October 2024, India eliminated the duties and the Minimum Export Price (MEP) for basmati and non-basmati rice, making Indian rice more competitive worldwide.
• Market Boost: The removal of the MEP—previously set at $1,200 per tonne (later reduced to $950)—led to an 18% surge in Basmati rice exports between September 2023 and August 2024.

What This Means for Global Buyers

With India’s Basmati rice now more accessible, international markets—especially the Middle East, Europe, and the Americas—are experiencing increased supply at better prices.?

At Tradologie.com, we bridge the gap between 800,000+ importers and India’s leading Basmati rice exporters, facilitating seamless bulk sourcing at competitive prices.

Now’s the time to seize the opportunity!

Join Tradologie.com and stay ahead in the thriving Basmati rice markets.

Register as an Exporter: https://www.tradologie.com/lp/seller-registration/

Register as an Importer: https://www.tradologie.com/registration