(As

on 30.12.2014)

Commodity Profile for Rice-December 2014

Contents

1.

Rice Estimates for India ..................................................................................................................................... 2

2.

Rice Estimates for World ................................................................................................................................... 2

3.

Indias Rice Production and Area under Cultivation .............................................................................. 3

4.

Global Production ................................................................................................................................................. 4

5.

Major Exporting and Importing Countries of Rice in the world ........................................................ 4

6.

Indias Major Export Destinations for Basmati as well as Non-basmati Rice .............................. 5

7.

Indias Trade Flow for Rice during 2009-10 10 and 2014-15............................................................ 6

8.

Domestic and International Price Movement for Long White Rice 25% Broken ....................... 7

9.

Minimum Support Price (MSP) for Rice during 2010-11 to 2014-15 ............................................. 7

10.1

Rice Arrivals in Major Domestic Mundis ................................................................................................ 7

10.2

Price Movement for Rice in Major Domestic Mundis ........................................................................ 8

11.

Future Prices of Rice ....................................................................................................................................... 8

12.

Trade Policy........................................................................................................................................................ 9

12.1

Export Policy ................................................................................................................................................. 9

12.2

Import Policy................................................................................................................................................. 9

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1. Rice Estimates for India (Crop Year: October 2014- September 2015)
(Unit: Million Tonnes)

2013-14

Table-1: Rice Production, Trade and Availability

2014-15
October 2014
Particular
(Estimated)

19.03

26.78 #

Opening Stock

15.42

106.54
0
125.57
10.14

104.92
0.00
131.70
10.10

Production
Total Imports
Availability
Total Export

88.02**
0.00
103.46
1.12*

18.34

24.50

Ending Stock in Central Pool

13.61***

97.09

97.10

Total Available for domestic consumption

89.85

Source
DoF &
PD
D&ES
DoC
DoC
DoF &
PD

Source: Department of Food & Public Distribution (DoF&PD), Department of Commerce (DoC), Directorate of
Economics & Statistics (D&ES), Department of Agriculture & Cooperation (DAC).
*: The figure of export and import is for October, 2014
**: 1st Advance estimates released on 19.09.2014 for kharif rice crop.
***: FCI stocks ending in October, 2014 are 13.61 million MT against 16.85 Million Tonnes in corresponding
period
#: estimates in the beginning of the year. : estimates at the end of the year.
Availability: opening stock in central pool plus production plus Imports; Total Availability for Domestic
Consumption: Availability minus (total export plus ending stock in central pool).
For preparing estimate for 2013-14, production has been taken as last three years average; imports as three
years average, export as two years average; ending stock as estimated by Department of Food and Public
Distribution.

2. Rice Estimates for World

(Unit: Million Tonnes)

Particulars

Table-2: Production, Trade, Consumption and Stock of Rice

2012-13
2013-14
2014-15(Estimated)

Production
Trade
Consumption
Carry Over Stock

472
38
469
110

476
41
481
103

475
41
482
102

Source: International Grains Council (IGC)

During 2012-13 and 2013-14, the world production has increased by 1% (from 472
Million Tonnes to 476 Million Tonnes), trade by 8% (from 38 million MT to 41
million MT) and consumption by 3% (from 469 million MT to 481 million MT).

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3. Indias Rice Production and Area under Cultivation

Source: Directorate of Economics & Statistics (D&ES)

Indias rice production has increased at CAGR of 3.32 percent during 2002-03 and
2013-14.
Area under rice cultivation has not increased substantially during 2002-03 and 201314.

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4.

Global Production

Source: United State Department of Agriculture

China is the leading rice producer followed by India, Indonesia and Bangladesh.

5. Major Exporting and Importing Countries of Rice in the world

Source: United State Department of Agriculture

India was the largest exporter of Rice in 2013-14 followed by Thailand, Vietnam and
USA.

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Source: United State Department of Agriculture

China was the leading importer in 2013-14 followed by Nigeria and Iran.

6. Indias Major Export Destinations for Basmati as well as Non-basmati Rice

Source: Department of Commerce

Iran is the leading importing country for Basmati rice from India followed by Saudi Arab
and Iraq.
Unit cost of basmati rice has increased for all countries in 2013-14 over the previous year.
Highest increase in unit price recorded for Saudi Arab and Jordan

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Source: Department of Commerce

In 2013-14, Benin, Senegal and Bangladesh are amongst Indias top three importing
countries for non-basmati.
In 2013-14 Bangladesh imports substantially from India. It may be due to decrease in the
unit price to Rs. 23 thousand per Tonnes from Rs.27 thousand per Tonnes. For Senegal,
increase in unit price is minimum whereas highest for Liberia and Guinea

7. Indias Trade Flow for Rice during 2009-10 to 2014-15

(Unit: Million Tonnes)

Table 3: Indias Trade Flow for Rice

Export

Year

Import

Basmati

Non-basmati

Basmati

Non-basmati

2009-10

2.02

0.14

2010-11
2011-12
2012-13
2013-14
2014-15 (Apr-Oct,14)

2.37
3.18
3.50
3.76
1.94

0.10
4.0
6.64
7.0
4.67

0
0
0
0
0

0
0
0
0
0

Source: Department of Commerce

India exported substantial quantity of both Basmati as well as Non-basmati rice to the
world, and import in the same categories were nil during 2009-10 and 2014-15.

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8. Domestic and International Price Movement for Long White Rice 25% Broken

Source: Oryza (A website on rice)

Price of Indian long white rice (25% Broken) was lower than that of Vietnam and
Thailands prices during February to July, 2014, and beyond July 2014 Indias price is
lower in comparison to their price.

9. Minimum Support Price (MSP) for Rice during 2010-11 to 2014-15

(Unit: Rs/ Quintal)

Rice Quality
Common
Grade A

2010-11
1000
1030

Table 4: MSP for Rice

2011-12
2012-13
1080
1250
1110
1280

2013-14
1310
1345

2014-15
1360
1400

Source: Commission for Agricultural Costs and Prices (CACP)

10.1

MSP for both quality of rice (see table 4) has increased during 2010-11 and 2014-15.
This figure has increased by 36 percent in the last 5 years.

Rice Arrivals in Major Domestic Mundis

(Unit: Tonnes)

Table 5: Rice Arrivals in Major Domestic Mundis

Markets

Arrival Nov,
2014
( cumulative)

Arrival
Oct, 2014
(cumulative
)

Arrival Nov,
2013
(cumulative)

% Change(Over
Previous Month)

% Change(Over
Previous year)

Burdwan
Midnapore

25904
NA

20621
NA

18658
NA

26
NA

39
NA

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Banaganapalli
Ramachandrapuram
Devariya
Sitapur
Mysore
Raichur
Villupuram
Thiruchirappalli

4814
2047
4858
42400
4905
43281
4177
38538

1516
507
1815
11824
814
18809
47744
33367

2751
3867
6107
36985
4348
58600
4090
NA

218
304
168
259
503
130
-91
15

75
-47
-20
15
13
-68
1067
NA

Source: Agmarknet

The cumulative figure for rice arrival in major Mundis shows that Raichur Mundi
was leading in November 2013 as well as 2014.

10.2

Price Movement for Rice in Major Domestic Mundis

( Unit: Rs/ Quintal)

Table 6: Price Movement for Rice in Major Domestic Mundis

Prices
Nov2014

Mundis

Burdwan
Midnapore
Banaganapalli
Ramachandrapuram
Devariya
Sitapur
Mysore
Raichur
Villupuram
Thiruchirappalli

Prices Oct,
2014

2394
2592
2020
3450
2106
2103
1902
1751
2021
2024

2416
2653
1785
3600
2096
2040
2069
1554
1812
1952

Prices Nov,
2013

% Change(Over
Previous Month)

2499
2770
1988
3368
1903
1982
2122
1778
NA
NA

-1
-2
13
-4
0
3
-8
13
12
4

% Change(Over
Previous year)

-4
-6
2
2
11
6
-10
-2
NA
NA

Source: Agmarknet

11. Future Prices of Rice

(Unit: US$ /Tonnes)
Table 5: Future Price for Rice
Contract

As on
11.12.2014
(Current)

A Week ago
(05.12.14)

A Month
ago(11
Nov)

3 Month
ago (11
Sept)

6 Month
ago (11
July)

% Change over
the previous 6
Month (Current
Viz-a-viz July 14)

Jan- 2015
March- 2015
May-2015
July-2015

270.28
275.80
281.31
285.72

265.87
271.61
277.12
281.53

256.17
261.25
267.20
272.93

276.02
280.43
284.61
281.75

319.67
300.93
293.65
296.30

-15.45
-8.35
-4.20
-3.57

Source: Chicago Board of Trade (CBOT)

Future price for rice will decrease with respect to the price of July 2014 (see Table
5).

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12. Trade Policy

Export Policy: Export of rice is free, subject to condition circulated by

12.1

DGFT.

Import Policy: Import of seeds is restricted. Whereas, import of rice for

12.2

human consumption is permitted through State Trading Enterprises

Table 6: Import Duty
Exim Code
1006 10 10

Item Description
Of Seed Quality

Policy
Restricted

Bound
Duty
80

Standard
Duty
80

Applied
Duty
80

1006 10 90

Other

Import

80

80

80

1006 20 00

Husked (brown) Rice

allowed

80

80

80

1006 30 10

Rice, parboiled

through FCI

70

70

70

1006 30 20

Basmati rice

70

70

70

1006 30 90

Other

70

70

70

1006 40 00

Broken rice

80

80

80

Source: Directorate General of Foreign Trade (DGFT), Department of Revenue and World Trade Organisation
(WTO)

***

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