Basmati overtakes buffalo meat as top export commodity

Basmati rice has regained the tag of top commodity export from India, overtaking buffalo meat in the June quarter.

Since 2014-15, buffalo meat had surpassed basmati rice as India’s top export commodity because of suspension of fresh orders by Iran, which consumes nearly a fourth of India’s aromatic rice exports.

Iranian traders suspend fresh orders for basmati rice during the harvesting of the country’s rice crop. This year, however, they continued imports of basmati rice. In contrast, export of buffalo meat was affected by a short-lived ban on sales of cattle at mandis.

According to the the Agricultural & Processed Food Products Export