Time ripe for de-stocking FCI

India’s position as the world’s largest rice exporter, exporting about 10 million tonnes (mt) per annum, is now threatened. An imminent decline in non-basmati rice exports is foreseen in 2014-15 due to steep fall in the prices of Thai rice and the rupee getting stronger. This is despite the world demand remaining unchanged, at 39-40 mt.

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