(As
on 20-3-2017)
Commodity Profile for Rice- March, 2017
Contents
1.
Rice Estimates for India (Crop Year: October 2016- September 2017) ............................................ 2
2.
Rice Estimates for World ................................................................................................................... 2
3.
India’s Rice Production and Area under Cultivation ......................................................................... 3
4.
Global Production .............................................................................................................................. 3
5.
Major Exporting and Importing Countries of Rice in the world ........................................................ 4
6.
India’s Major Export Destinations for Basmati as well as Non-basmati Rice ................................... 5
7.
India’s Trade Flow for Rice during 2009-10 to 2015-16 .................................................................. 6
8.
Domestic and International Price Movement for Long White Rice 25% Broken ............................. 6
9.
Minimum Support Price (MSP) for Rice during 2012-13 to 2016-17 ............................................... 7
10.1 Rice arrivals in Major Domestic Mandis ......................................................................................... 7
10.2
Price Movement for Rice in Major Domestic Mandis ................................................................... 7
11 Future Prices for Rice ........................................................................................................................... 8
12.Trade Policy ...................................................................................................................................... 8
12.1 Export Policy ................................................................................................................................. 8
12.2 Import Policy ................................................................................................................................. 8
1|Commodity Profile for Rice -March, 2017.
1. Rice Estimates for India (Crop Year: October 2016- September 2017)
(Unit: Million Tonnes)
2016-17
2016-17
(Estimated)
14.16
17.27#
104.32
105.45**
0
118.48
10.34
17.27
90.87
0
122.72
11.13$
NA
NA
Table-1: Rice Production, Trade and Availability
January, 2017
Particular
Opening Stock ( beginning of the crop
year)
Production
Total Imports
Availability
Total Export
Ending Stock in Central Pool
Total Available for domestic
consumption
17.27#
105.45**
0.00*
122.72
2.97*
17.03***
Source
DoF & PD
D&ES
DoC
DoC
DoF & PD
102.72
Source: Department of Food & Public Distribution (DoF&PD), Department of Commerce (DoC), Directorate of
Economics & Statistics (D&ES), Department of Agriculture & Cooperation (DAC).
o *: The figure of export and import is for October16- January, 2017.
o **: Production is average of last 3 years.
o ***: FCI stocks ending in January, 2017 are 17.03 million Tons against 16.24 million Tons in corresponding
period last year.
o #: estimates in the beginning of the year.
o $ During 2016-17 Export of non-basmati and basmati rice has been assumed to be 7.30 million tones and 3.83
million tons respectively on the basis of last three average .
o 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).
o For preparing estimate for 2016-17, production and export is average of last three years & ending stock is not
available.
2. Rice Estimates for World
(Unit: Million Tonnes)
Table-2: Production, Trade, Consumption and Stock of Rice
2013-14
2014-15 (Estimated )
2015-16
(Forecast)
Production
479
480
472
Trade
42
42
39
Consumption
479
476
475
Carry Over Stock
117
119
118
Particulars
Source: International Grains Council (IGC)

Global rice production and trade in 2015-16 are forecasted as a marginal fall from previous year (1.67%) and (-7.14%) respectively . The world consumption and global carry over stock in 2015-16
are also anticipated to slightly decrease by (-0.21%) and (-0.84%) respectively.
2|Commodity Profile for Rice -March, 2017.
3. India’s Rice Production and Area under Cultivation
Source: Directorate of Economics & Statistics (D&ES)
*2nd advance estimates


India’s rice production has increased at CAGR of 1.43 percent during 2005-06 and 2016-16
Area under rice cultivation has not increased substantially during same period.
4. Global Production
Source: United State Department of Agriculture

China was the leading rice producer followed by India, Indonesia and Bangladesh in 2015-16.
3|Commodity Profile for Rice -March, 2017.
5. Major Exporting and Importing Countries of Rice in the world
Source : Comtrade

India was the largest exporter of rice in 2015-16 followed by Thailand and Vietnam and Pakistan.
Source: Comtrade

China was the leading importer in 2015-16 followed by Saudi Arabia and Iraq.
4|Commodity Profile for Rice -March, 2017.
6. India’s Major Export Destinations for Basmati as well as Non-basmati Rice
Source: Department of Commerce


In 2015-16, Saudi Arab was the leading importing country for Basmati rice from India followed by
Iran and UAE.
Unit price of basmati rice has decreased in 2015-16 over the previous years.
Source: Department of Commerce


In 2015-16, Senegal, Benin and Nepal were amongst India’s top three importing countries
for non-basmati.
In 2015-16, Senegal imports substantially from India. It may be due to decrease in the unit price to
Rs. 17.59 thousand per Tons in 2015-16 from Rs. 18.05 thousand per Tons in 2014-15.
5|Commodity Profile for Rice -March, 2017.
7. India’s Trade Flow for Rice during 2009-10 to 2015-16.
(Unit: Million Tonnes)
Table 3: India’s Trade Flow for Rice
Export
Year
Basmati
Import
Non-basmati
Basmati
Non-basmati
2009-10
2.02
0.14
0
0
2010-11
2011-12
2012-13
2013-14
2014-15
2.37
3.18
3.50
3.76
3.70
0.10
4.00
6.64
7.00
8.23
0
0
0
0
0
0
0
0
0
0
2015-16
4.04
6.37
0
0
2016-17 (April to January,
3.25
5.21
0
0
2017)
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 insignificant during 2009-10 and 2016-17 (up to January
2017).
8. Domestic and International Price Movement for Long White Rice 25% Broken
Source: Oryza (A website on rice)
 . Thai long grain high quality white rice is moving in the range of USD 380-385/T which is
down by 2.31%from last month price of USD 385/MT. Vietnam long grain high quality
white rice is moving in the range of USD 365-370/T which is down by 5% from last
month. Indian 5% high quality white rice is moving up from last month and currently at
USD 370-375/MT.
6|Commodity Profile for Rice -March, 2017.
9. Minimum Support Price (MSP) for Rice (Paddy) during 2012-13 to 2016-17
Table 4: MSP for Rice (Paddy)
(Unit: Rs/ Quintal)
Rice Quality
Common
Grade ‘A’
2012-13
1250
1280
2013-14
1310
1345
2014-15
1360
1400
2015-16
1410
1450
2016-17
1470
1510
Source: Commission for Agricultural Costs and Prices (CACP)

MSP for both quality of Paddy (see table 4) has increased during 2012-13 to 2016-17. This
figure has increased by 18 percent in the last 5 years.
10.1 Rice arrivals in Major Domestic Mandis.
Mandi
Burdwan
Midnapore
Banaganapalli
Ramachandrapuram
Devariya
Sitapur
Mysore
Raichur
Villupuram
Thiruchirappalli
Source: Agmarknet
February,
2017
(Cumulative)
January, 2017
(Cumulative)
Feb-16(Cumulative)
62306.93
6194.79
6728.2
2286.4
12562.87
4803.94
42633.02
3561.92
52008.05
5924.79
5744.5
1600.4
11319.04
4532.42
37091.99
3245
62432.88
2893.87
14435.5
1949.31
16037.96
14714.75
26444.96
2471.09
NA
NA
NA
NA
NA
NA

(Unit in Tonnes)
%
%
Change(Ov Change(Ove
er Previous r Previous
Month)
year)
19.80
-0.20
4.56
114.07
17.12
-53.39
42.86
17.29
10.99
-21.67
5.99
-67.35
14.94
61.21
9.77
44.14
-
The figure for rice arrivals in major mandis shows that Burdwan and Mysore were leading in
February, 2017.
10.2 Price Movement for Rice in Major Domestic Mandis
(Unit: Rs/Quintal)
Table 6 : Price Movement for Rice in Major domestic Mandis
Mandi
Prices
Prices
Prices
%
%
FebruaryJanuary-2017
FeburaryChange(Over Change(Over
2017
2016
Previous
Previous
Month)
year)
Burdwan
2103.00
2038.82
1859.37
3.15
13.10
Midnapore
2490.68
2417.68
2431.25
3.02
2.44
Banaganapalli
2833.33
2550.00
2660.00
11.11
6.52
Ramachandrapuram
4200.00
4150.00
3900.00
1.20
7.69
Devariya
2029.09
2084.00
2079.66
-2.63
-2.43
Sitapur
2230.23
2223.00
2182.52
0.33
2.19
7|Commodity Profile for Rice -March, 2017.
-
Mysore
Raichur
Villupuram
Thiruchirappalli
Source: Agmarknet
10.
3159.99
2475.00
NR
NR
3243.00
2667.00
NR
NR
2769.00
2300.00
NR
NR
-2.56
-7.20
-
14.12
7.61
-
Future Prices for Rice
(Unit: US$/Tonnes)
Contract
03.03.2017
Table 7 : Future prices for Rice
One week
One month
3 month ago
ago
ago (3.2.17 ) (3.12.16)
(22.2.17)
6 month ago
(3.8.16)
%
change
over 6
Months
-3.61
-3.52
-3.24
-1.18
March, 17
205.91
209.00
210.54
212.30
213.63
May, 17
211.42
213.85
216.05
218.03
219.14
July, 17
217.15
220.02
221.12
223.77
224.43
Sept, 17
221.78
224.43
224.43
227.29
224.43
Source: Chicago Board of Trade (CBOT)
 Futures prices for rice are expected to decrease over the previous year as shown in Table 7
12. Trade Policy
12.1 Export Policy: Export of rice (except seed quality and other rice in husk) is free, subject
to condition circulated by DGFT. *
12.2 Import Policy: Import of seeds is restricted. Whereas, import of rice for human
consumption is permitted through State Trading Enterprises
Table 8: Import Duty
Bound
Duty
80
Standard
Duty
80
Applied
Duty
80
Import
80
80
80
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
Exim Code
1006 10 10
Item Description
Of Seed Quality
Policy
Restricted
1006 10 90
Other
1006 20 00
Source: Directorate General of Foreign Trade (DGFT), Department of Revenue and World Trade Organisation (WTO)
*The export of rice of seed quality and other rice in husk (paddy) has been placed from Free to
Restricted category vide DGFT’s notification no. 23/2015-20 dated 7th October2015
***
8|Commodity Profile for Rice -March, 2017.