Lower availability, higher prices have hurt the export prospects of this aromatic rice

Basmati rice, a multi-billion dollar export commodity, is unfortunately on a decline over the last three years. This year (2017-18) it could get worse, with tighter availability, higher domestic prices and lower exports. Following deficient south-west monsoon in the principal growing States of Uttar Pradesh, Punjab and Haryana, the area under Basmati rice cultivation is estimated to be about 8 p...