Rice Industry Overview and Outlook

RICE | LOCAL INDUSTRY Basmati & IRRI | Export Price Gap Average Price (USD/MT) | Basmati & Non 1200 1000 Basmati 800 600 400 200 0 CY16 CY17 CY18 CY19 9MCY20 Basmati IRRI ☐ Basmati Rice trades at almost double the price of non basmati rice. ◉ 1,600 1,400 1,200 1,000 800 600 400 200 Basmati and Non Basmati Export | USD mln FY16 FY17 FY18 FY19 FY20 Basmati Non-Basmati A modest growth in foreign exchange earnings are witnessed over the years on account of restricted share of basmati rice exports. Source: Thai Rice Index, USDA 18 PACRA

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