Insta
With Rising Global Demand, Kakinada’s Deep Water Port To Be Used For India's Rice Exports
Swarajya Staff
Feb 04, 2021, 08:20 PM | Updated 08:20 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
For the first time in decades, the coastal state of Andhra Pradesh will use Kakinada’s deep water port to export rice as the Kakinada Anchorage Port which is India's biggest rice-handling facility has experienced congestion due to surge in global demand for India’s rice exports, reports The Economic Times.
The order was issued late on Wednesday (03 February), allowing Kakinada Deep Water Port to handle rice until more capacity is created at the adjoining Anchorage Port.
The congestion leading to a waiting period of up to four weeks at the Kakinada Anchorage Port is due to a surge in demand driven by production shortfalls in other rice-producing countries like Thailand and Vietnam.
“This move means monthly exports from Andhra Pradesh alone will double to 6,50,000 tonnes and rice shipping would begin in the deep water port within days,” said B.V. Krishna Rao, president of the Rice Exporters Association of India.
“India's rice exports this year could rise to a record 16 million to 17 million tonnes from last year's 14.2 million,” Rao added.
While India exports non-basmati rice to Bangladesh, Nepal, Benin and Senegal, basmati rice is exported to Iran, Saudi Arabia and Iraq.
Recently for the first time in decades, Vietnam which is the world's third biggest exporter of rice has started buying rice from its rival India.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.