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India's Basmati rice exports reached $4.8 billion in FY23. However, exporters face significant hurdles. This presentation highlights key challenges in the Basmati rice export market. We will cover quality, competition, regulations, and environmental impacts.
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Challenges Faced by Basmati Exporters in India India's Basmati rice exports reached $4.8 billion in FY23. However, exporters face significant hurdles. This presentation highlights key challenges in the Basmati rice export market. We will cover quality, competition, regulations, and environmental impacts. by global pulsefarm
Quality Control and Adulteration Adulteration Issue 1 Non-Basmati varieties reduce value. Artificial Aroma 2 Detection of artificial compounds is common. EU Rejection 3 Consignments face rejection due to quality. Brand Impact 4 Loss of reputation and market share result.
Intense Global Competition Pakistan's Exports Price Wars Market Share Strategy Valued at $2.5 billion USD, a major competitor. Undercutting prices impacts profit margins. Thailand and Vietnam compete globally. Focus on premium quality and branding.
Stringent International Regulations EU Standards Strict Maximum Residue Levels for pesticides. Tricyclazole Limits Specific limits impact Basmati exports. US Regulations FDA import alerts due to aflatoxin levels. Compliance Costs Increased expenses and trade barriers.
Climate Change and Water Scarcity Erratic Monsoons Decreased Acreage Unpredictable patterns affect Lower production from reduced planting areas. Basmati yield. Sustainable Farming Water Depletion Promoting practices for long-term Punjab's water table is severely impacted. resilience.
Supply Chain Inefficiencies Post-Harvest Losses 1 Inadequate storage leads to spoilage. Lack of Cold Storage 2 Increases spoilage and quality issues. Price Volatility 3 Reduced competitiveness in global markets. Modern Infrastructure 4 Solution is investing in logistics.
Geopolitical Factors and Trade Barriers Trade Disputes Tariffs impact market access significantly. Iran Restrictions Import policies affect Indian exports. Uncertainty Reduced export volumes result from instability. Diversification Strategy involves finding new export destinations.
Conclusion: Navigating the Challenges Call to Action Emphasize Innovation Collaboration among stakeholders for growth is essential. Summarize Challenges Sustainable practices and new ideas are crucial. Key hurdles include quality, competition, and regulations.