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Trade Sector Updates – Falling Exports, TIES, MEIS, Foreign Trade Policy, etc.

India’s Rice Exports Decline  

Why in the News?

  • India’s rice exports fell by 7.5% to $11.53 billion in 2025–26 due to disruptions caused by the West Asia crisis.

Key Data

Export Performance

  • 2025–26: $11.53 billion
  • 2024–25: ~$12.5 billion
  • March 2026: Decline of 15.36% (to ~$997 million)

West Asia Crisis Impact

  • Conflict affecting trade with: Iran, United Arab Emirates, Saudi Arabia, Oman
  • Issues faced:
    • Payment delays
    • Order cancellations
    • Shipping disruptions
  • Iran Major importer of Basmati rice

India’s Rice Sector  

  • Production:Output (2024–25): ~150 million tonnes
  • Cultivation area: ~47 million hectares
  • India contributes: ~28% of global rice production
  • Exported to: 170+ countries
  • Yield Improvement
    • 2014–15: 2.72 tonnes/hectare
    • 2024–25: ~3.2 tonnes/hectare

Top Producers

  • China: Leads with ~208-214 million tonnes annually, focusing on hybrid varieties. 
  • India: Second at ~195-196 million tonnes; top exporter despite domestic consumption. Bangladesh: ~57 million tonnes; high per capita reliance. 
  • Indonesia, Vietnam: ~54-55M and ~42-43M tonnes respectively. 
  • Others: Thailand (~34M), Myanmar, Philippines round out top 10.
[2019] Among the following, which one is the largest exporter of rice in the world in the last five years? 
(a) China  
(b) India  
(c) Myanmar  
(d) Vietnam

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