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Higher paddy price expected to drive basmati industry growth in FY2018

Higher paddy price expected to drive basmati industry growth in FY2018

Thursday, March 30, 2017, 8:22 AM

Higher paddy prices is expected to drive basmati industry growth in FY2018 following a stable FY2017. The agency also feels that resumption of imports by Iran will be a cause for cheer for the industry. The basmati rice-industry has witnessed moderation over the last few years on the back of subdued international demand, partly attributable to the delay in resumption of imports by Iran.
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