New Delhi, April 27 -- Indias exports of premium-quality basmati rice saw a rise of 22 percent, reaching a total value of $5.2 billion from April 2023 to February 2024, propelled by strong demand, particularly from West Asia, a media report said.

Data from the commerce department shows that exports of basmati rice surged to 4.68 million metric tonnes (MMT) from April to February, against 4.1 MMT recorded in the corresponding period of the previous year, indicating a growth rate of 14 percent, according to a report in Business Standard.

This increase occurred despite the minimum export price and challenges at the Red Sea, the report said citing a government official

In July, the government implemented a ban on the export of non-basmati ...