Rice exports soar to record US$ 12 billion in FY 2024-25

The data from the Directorate General of Commercial Intelligence and Statistics shows that rice exports, including both basmati and non-basmati varieties, rose by 20% year-on-year in 2024-25, reaching over US$ 12.47 billion, up from US$ 10.41 billion in the previous fiscal year.

India’s agricultural and processed food exports witnessed a significant 13% year-on-year growth, reaching US$ 25.14 billion in 2024-25, even as overall exports saw only marginal growth. The surge was largely driven by a sharp 20% increase in rice exports, which accounted for over US$ 12.47 billion, up from US$ 10.41 billion in FY24, according to data from the Directorate General of Commercial Intelligence and Statistics.

The rise in rice exports, including both basmati and non-basmati varieties, followed the government’s decision in September 2024 to lift restrictions imposed a year earlier, in light of expectations for a bumper harvest and higher stock levels. All limitations, including the minimum export price, were subsequently removed. Trade sources note that India’s position as the global leader in rice exports has been reasserted, with major demand coming from Africa and Southeast Asia. India has held the title of the largest rice exporter globally for the past ten years.

Exports of buffalo meat, dairy, and poultry products also saw healthy growth of nearly 12.5%, reaching US$ 5.09 billion, up from US$ 4.52 billion in FY24. Officials attributed this rise to the growing global demand for high-quality Indian bovine meat.

Fresh fruit and vegetable exports rose by over 5% to US$ 3.86 billion, while cereal preparation exports increased by more than 8%, totaling US$ 2.85 billion in FY25.

The Agricultural & Processed Food Products Export Development Authority (APEDA) has set an export target of US$ 26.56 billion for FY25. Products under the APEDA basket contribute approximately 51% to India’s total agricultural exports, while the remaining share comprises marine products, tobacco, coffee, and tea.