Best Rice Exporters in Gulf
Best Rice Exporters in Gulf has always imported premium quality Basmati and Non Basmati Rice from India. Almost 9.2 percent of the total imports of the Gulf are from India. From a historical point of view, India and the Gulf also had a very good trading relationship.
In the present era, the Gulf is acknowledged as India’s major trade partner. Almost all rice varieties including Sona Masoori, Swarna Rice, Sella Rice, Basmati Rice, and Golden Sella Rice are exported from India.
The best Rice exporting business in India has witnessed continuous growth with growing profit margins though; the profit margin of the rice export business depends upon some criteria which are as follows:
- GDP of the importing country
- Frequency of exports in a year
- The demand for rice in the exporting country
- A long-lasting relationship with the Exporters of the country
- Quality services
- Unique marketing technique
Best Basmati Rice Exporters in Gulf
Best Basmati Rice is one of the most popular rice varieties in the world, with a large demand in the Gulf. Basmati Rice Exporters in the Gulf hold a major share when it comes to Basmati Rice Exports from Indian market.
In the current financial year, India has exported approximately 81,000 tons of Best Basmati Rice in a month to the Gulf, as compared to 18,000 tons per month in the previous financial year of 2018-19. There is a sudden increase to the pace of importing from the Rice Exporters in Gulf, i.e. from an average of 15,000 tons a month in 2014 to nearly 80,000 tons at present.
Besides, Best Basmati Rice Exported from India to Iran via the United Arab Emirates is helping India to retain its position in the world market. Gulf has emerged as the new stopover for India’s Basmati Rice Exports.
According to the International Monetary Fund, Gulf is Iran’s biggest non-oil trading partner. Gulf got 30 percent relaxation of tax to export in Iran.
Due to the long normal relationship of trading between two countries, Indian Basmati Rice Exporters got the opportunity to use ports in Gulf to ship Basmati Rice to Iran. According to the research report, 80 percent of Basmati Rice shipped to Iran. The rice exported to Iran via Gulf does not require a permit.
