India To Witness 42% Growth In Rice Export This Year

With a drop in exchange rate and dip in performance of other countries, rice export of India could post a 42% growth from last year. As the other rice exporting countries, Thailand and Vietnam, have experienced drought, their capacity to fulfill foreign demand has come down. Consequently, experts have indicated that India, the world's biggest rice exporter, could increase the export volume to 14 million tonnes in 2020.