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Guide to Start a Rice Export Business in India

Table of contents, what is export business, steps for an import-export business plan, registration process, market research, branding your product, locating procurers required, types of rice exported from india.

  •  Finances required to start Rice Export Business

Costing Analysis

Introduction to Rice Export Business in India: India is a country that is rich in cultures, traditions, festivals, and ethnicities, which accounts for its diverse food culture. There are a variety of Indian delicacies made from wheat, rice, pulses, and cereals. Indian rice and wheat have gained supremacy over these two kinds of cereals. In India, one can find rice or wheat dishes on nearly every dinner table. A country like India is agrarian, and rice is sown, harvested, reappeared, and consumed in a large quantity.

A rice export business could be a profitable venture to invest in if you’re exploring import-export business ideas. What is the first question that would come to someone’s mind – How to start a business in import-export? In this article, we will address that question. Let’s begin by understanding what the export business is all about before moving on to the main topic.

Guide to start a rice export business in India, registration process and action plan to export rice

Guide to Start a Rice Export Business in India

An export business involves shipping goods from a country that produces them to a country that receives them. Many comprehensive aspects of exporting include highly potential markets and dynamic investments. Let’s move on to the step-by-step guide for starting an import-export company.

1. Establishing an organization

It is the first step in building an organization to have a brand name and logo that appeal to the international market. Establishing the ownership of a firm, whether a sole proprietorship, a joint family business, a partnership, etc., is necessary.

2. Bank Account

To open a current account with a nationalized or multinational bank with foreign exchange authorities under the name of your company, you must open it in the name of the company. A properly documented organization shall never have a grey day.

3. Permanent Account Number

An Indian company that engages in foreign trade must have a Permanent Account Number (PAN) issued by the Income Tax Department of India. This number is used for securing all international transactions with India.

4. Import-Export Code

By using the PAN as a base, the Regional Authority of the Directorate General of Foreign Trade (DGFT) generates an import-export code. Import-export firms must therefore obtain this number in order to be able to do business.

5. Acquiring the RCMC

To qualify for benefits and concessions under the Foreign Trade Policy 2015-20, importers and exporters must obtain the Membership and Registration Certificate. Through the RCMC, entrepreneurs can receive services from Community boards, Export promotion councils, and other governing bodies.

6. Cover up the risks with ECGC

Non-payment by the buyers is the most important risk factor in the export business. As a result, the Export Credit Guarantee Corporation Limited (ECGC) covers the foreign trade risks.

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Steps for an import-export business plan

Rice is one of India’s most important crops; in fact, Basmati rice is one of the most exported from India. Iran, Saudi Arabia, Iraq, Kuwait, the United Kingdom, and others are some of the prominent buyers of Indian Basmati rice. Hence, exporting rice from India is proved to be a profitable business, and if you are interested in starting an import and export business should not ignore this aspect. So, you need to register the company with the below list to start exporting rice from India to abroad. In order to conduct seamless import and export business, they must have the IEC code. 

In this article, you can get all the details regarding how to start the Rice Export Business in India.

1. Initiate the process with the registration of the firm

Registering your firm is the first step. Import and export businesses can be started as sole proprietorships, partnerships, trusts, or limited liability companies. If you decide to start a company, you must register it. The registration process typically takes about 20 days to complete. A PAN number will be issued to you once you have registered your company. It will take less than 40 days to receive this.

2. Get the IEC code

You must obtain the IEC code once you have successfully registered the company. For companies that want to do import and export business, this is a requirement. A DGFT portal is the best way for you to apply for an IEC code; you can do so online. For this process, you need the below-listed documents:

3. Pay the fees to get the business registration

To apply, you will need to submit a demand draft. In case of offline registration, this fee must be sent to the Directorate General of Foreign Trade, and in the event of an online application, it can be paid online.

4. Bank certificate

A banker’s certificate would be the next important document you will need. A copy of this document must include the company’s details, account number, directors, and the owner’s photo. All remittances and payments will be made to this account only, which verifies the credibility of the business.

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Rice Export Business Registration Process

5. PAN card is mandatory

PAN cards need to be submitted to the income tax department as well. Ensure that you add both sides of your PAN card.

6. Photographs required

As part of the application process, the director must also submit a full-size photo, which must be attested. The scanned copy of the photograph needs to be attached to the application form if it is submitted online.

7. MOA

The registrar issues the MOA certificate and it must be attached to the application. 

8. Company registration certificate

It is necessary to register a company in India to run a business, and a copy of the certificate is attached to the application. According to section 59 of the Indian Partnership Act of 1932, this certificate is being issued

9. Choose Target Country

The market must be studied simultaneously with your application for IEC registration. A list of the nations that import rice from India, including some of the ones listed above, would be handy. Those were the basics of starting rice exports from India. In order to run a seamless business and receive other assistance from India, one must have the IEC code regardless of the commodity exported.

In order to begin offshore trading, you must have some of these foundations in place. We will now discuss one of the best export business ideas that will also answer your question about how to start a rice export business?

Business Plan to start rice export business in India

For decades, India has been one of the most important exporters of rice in the global economy. About 40.45 lac metric tonnes of basmati rice and 63.66 lac metric tonnes of non-basmati rice were exported by India in 2015-16. Therefore, you can judge the total value of this business idea based on the facts and figures.

In order to stabilize and expand one of the best export business ideas in the country, you must complete the following steps after you have all the documentation in place.

After you decide to run a rice export business in India, you must familiarize yourself with current export trends, market size, and capacity, ongoing competition, foreign policies, etc. Before entering foreign waters, thorough research is required. You will be in a better position than others if you learn about Indian policies and foreign countries’ norms.

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Business Plan to start rice export business in India

Creating a brand name, a brand identity, and marketing it dynamically is the next step. The creation of a visual identity includes the creation of a website that meets international standards and has all the latest tools. Your brand will gain and retain trust from clients if you keep it updated and updated periodically.

In the next step, we would explore the community of farmers, suppliers, vendors, distributors, buyers, dealers, and other middlemen. If you want to eliminate the middlemen from the process, you can purchase rice directly from the farmer instead of from the supplier. Rice obtained from farmers can be highly advantageous since you can get the product at the best quality and lowest prices. Another option is to tie up with a certain number of farmers in a specific area such as Telangana, Andhra Pradesh, Kerala, Karnataka, etc. Rice paddy fields in the entire south of India are lush green, watery, and can be considered as your best option for picking raw materials. Taking your trade further requires you to tie up with foreign traders and marketers following this phase.

The rice grown and harvested on the soils of India is rich in varieties including Basmati, Ambemohor, Bamboo, Kolam, Indrayani, Mogra, Jeera Samba, Parmal, Ponni, Sharbati, Sona Masuri, Surti Kolam, Wada Kolam, and the list goes on. Exports of rice are mainly divided into two types, namely Basmati and Non-Basmati. Among all rice varieties, basmati is considered to be king. A long, sleek grain, pale beige color, and a strong aroma characterize Basmati rice grains. The largest producer of Basmati rice in the world is India, making it an excellent product to sell in international trade. Therefore, you can earn good money by exporting Basmati rice across continents.

  Finances required to start Rice Export Business

If you want to take your firm international, creating a strong brand for your company will be the foundation of your success. It is critical to provide customized samples branded with your brand to prospective buyers in order to stand out in the international market. The buyers will surely contact you for further orders and contracts once they are happy and satisfied with the samples. You can sell your rice to 5-star hotels, restaurants, cafes, supermarket chains, department stores, and e-commerce sites like Amazon.

Whether a venture is launched, stabilized, expanded, or closed, it is dependent on its costs. If one invests heavily in the export of rice, one should have a strategy to invest slowly and steadily. Before establishing pricing policies, a thorough analysis of the international market must be conducted. At the same time, offering a competitive price and a good quality will bring you long-term clients and larger contracts.

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 Finances required to start Rice Export Business

It is our belief that the vital information provided in this article will answer your question on how to start an import and export business, specifically a rice export business. Entrepreneurs should remember that their brand, as well as the country’s prestige, are at stake when reaching out across borders.

With the economic conditions of India not being much inviting, Investing in newer avenues like these opens a wider and broader market for you and the country. Hence, attentive investing of your time, money, patience, and hard work will result in greater and brighter results internationally. 

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Rice Export Company Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Import & Export

Are you about starting a rice export company? If YES, here is a complete sample rice export business plan template & feasibility report you can use for FREE .

Okay, so we have considered all the requirements for starting a rice export company. We also took it further by analyzing and drafting a sample rice export marketing plan template backed up by actionable guerrilla marketing ideas for rice export companies. So let’s proceed to the business planning section.

Why Start a Rice Export Company?

The fact that rice is a staple food that is consumed in all part of the world including places where it is difficult for farmers to grow rice or perhaps processed and packaged rice makes it a thriving and profitable business that an entrepreneur cum investor who is looking towards starting a business can successfully start.

For example, in some underdeveloped countries where they lack the machinery to produced finely finished parboiled rice, they tend to appreciate it when they are imported into their countries. Little wonder parboiled rice from countries like Thailand and China are seen in almost every nooks and crannies of the world.

Although there are loads of market for companies who are into rice exportation, but it is very important to state that rice exportation business is not is not a business that requires little start – up capital. As a matter of fact, you must be willing to pool huge cash base together to be able to successfully launch a rice exporting business or any exportation business.

This is so because you are expected to rent / lease a warehouse facility, purchase bag of rice that can fill a container, pay for haulage / shipping and every other logistics that you are expected to take care of from the country of purchase to the country you are exporting the rice to

So if you have decided to start a rice export company, then you should ensure that you carry out feasibility studies and also market survey.

This will enable you properly identify countries that truly need your rice and then hit the ground running. Business plan is yet another very important business document that you should not take for granted in the bid to launching your own business.

Below is a sample rice export company business plan template that can help you to successfully write your own with little or no hassle.

A Sample Rice Export Company Business Plan Template

1. industry overview.

Players in the rice export industry primarily export well processed and bagged rice from one country to another. The bags of rice are placed in containers or trucks and then they are shipped or transported via sea or land borders to the expected country.

Most rice farmers who are also into rice processing tend to active in the rice exporting industry. So also investors who are interested in the business usually purchase in wholesale from rice mills – rice production companies and then export to their clients overseas.

The Rice Export industry, just like most businesses in the retailing industry, depends on strong consumer spending to spur the demand for industry products. Over the last half a decade, the economy has begun recovering from recessionary declines with both the Consumer Confidence Index and disposable income increasing.

Going forward, as the economy of the united states and other countries of the world continues to recover and consumers are expected to loosen their discretionary budgets, the industry is anticipated to experience growth.

The Rice Export industry is indeed a major sector of the economy of the United States of America and they generate several billion dollars annually from loads of rice export companies scattered all around the United States of America. The industry is responsible for the direct employment of thousands of people.

It is important to state that there is no rice exporting company in the United States of America that has a lion share of the available market. New entrant into the industry can favorably compete for the available market even if they don’t have rice farms. They can travel all the way to Thailand seal the deals and then export rice to countries in Africa, and South America et al

It is a fact that a major chunk of the United States’ gross domestic product (GDP) comes from the general export industry of which the rice export industry also contributes.  This is why the United States of America’s economy is measured with the yardstick of how well the exporting business is fairing in the U.S. In essence, when there is an unstable economy, purchasing power drops and it impacts the export industry negatively which may result in the closure of some rice export companies.

Over and above, the rice export industry is a profitable industry and it is open for any aspiring entrepreneur who has the financial requirement to come in and establish his or her business. You don’t need to have a rice farm or even a rice processing plant / rice mill before you can become a player in this industry; your ability to know where to get well processed and well bagged rice cheap and a ready market outside of the United States to export them to is key in this line of business.

2. Executive Summary

Joel Sutton® Rice Export Company is a standard US registered Rice Export Company that will be based in Texas City – Texas. We have been able to lease a warehouse facility that is big enough to fit into the design of the kind of standard rice exporting business that we intend launching and the facility is located close to one of the busiest seaports in the United States – Port of Texas City – Texas.

Joel Sutton® Rice Export Company will be involved in exporting well – processed and well – bagged short-grain rice, medium-grain rice and long-grain rice (both in organic and non – organic form) et al from different brands from the United States to other parts of the world. We will also go into partnership with some the largest rice producers in Thailand and then export rice from there to other countries of the world.

We are aware that there are stiffer competitions when it comes to exporting rice, which is why we spent time and resources to conduct a thorough feasibility studies and market survey so as to be well positioned to favorably compete with all our competitors. We have a long-term plan to own our rice farm and rice processing plant / rice mill.

Joel Sutton® Rice Export Company will ensure that all our international customers are given first class treatment whenever they order rice from us. We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large the numbers of our customers’ base may grow to or how far apart they are from us. We will ensure that we get our customers involved in the selection of brands that will be on our export list and also when making some business decisions that directly affect them.

Joel Sutton® Rice Export Company will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our customers’ needs precisely and completely whenever they patronize our products. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our customers.

Joel Sutton® Rice Export Company is a family business that is owned by Joel Sutton and his immediate family members. Joel Sutton has a B.Sc. in Business Administration, with well over 5 years of experience in the shipping and export industry, working for some of the leading brand in the United States.

Although the business is launching out without a rice farm or a rice mill / rice processing plant, but we have a long term plan to own our rice farm and rice mill and also go into business partnership with major rice producing companies in Thailand.

3. Our Products and Services

Joel Sutton® Rice Export Company is in the rice export industry to service a wide range of clients all across the globe and of course to make profits, which is why we will ensure we go all the way to export a wide range of well packaged rice from top rice production brands in the United States and other countries of the world.

We will ensure that we do all that is permitted by the law of the United States to achieve our aim and ambition of starting the business. Our product offerings are listed below;

  • Exporting short-grain rice, medium-grain rice and long-grain rice (both in organic and non – organic form) from different rice production brands

4. Our Mission and Vision Statement

Our vision is to become one of the leading brands in the rice export industry in the United States of America exporting rice to countries in Africa and South America

Our mission is to establish a world – class rice export business that will export a wide range of well – bagged rice from top rice production brands at affordable prices to rice dealers all across countries in Africa and South Americ

Our Business Structure

Although Joel Sutton® Rice Export Company; will start out by purchasing rice from rice production companies in the United Sates and Thailand and then export them to other countries of the world, but that does not in any way stop us from owning our rice farm and rice production plant / rice mill. Our intention of starting a rice export business is to build a standard business with clients all across Africa and South America.

We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers). As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more.

In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer (Owner)
  • Warehouse Manager
  • Human Resources and Admin Manager

Merchandize Manager

Sales and Marketing Manager

Information Technologist

  • Accountants / Cashiers
  • Sales Agents / Customer Services Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Reports to the board

Admin and HR Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
  • Defines job positions for recruitment and managing interviewing process
  • Carries out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Oversees the smooth running of the daily office activities.

Warehouse Manager:

  • Responsible for organizing the safe and efficient receipt, storage and dispatch of warehoused goods
  • Responsible for liaising with customers, suppliers and transport companies
  • In charge of planning, coordinating and monitoring the receipt, order assembly and dispatch of goods
  • Responsible for using space and mechanical handling equipment efficiently and making sure quality, budgetary targets and environmental objectives are met
  • In charge of coordinating the use of automated and computerized systems where necessary
  • Responsible for keeping stock control systems up to date and making sure inventories are accurate;
  • Responsible for producing regular reports and statistics on a daily, weekly and monthly basis
  • In charge of overseeing the planned maintenance of vehicles, machinery and equipment.
  • Ensures that proper records of bags of rice are kept and warehouse does not run out of products
  • Ensure that the warehouse facility is in tip top shape and goods are properly arranged and easy to locate
  • Interfaces with third – party suppliers (vendors)
  • Control rice distribution and supply inventory
  • Supervise the workforce in the warehouse floor.
  • Manages vendor relations, market visits, and the ongoing education and development of the organizations’ buying teams
  • Help to ensure consistent quality of well processed rice from different manufacturers are purchased and exported in good price that will ensure we make good profit
  • Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing and pricing orders to vendors
  • Ensures that the organization operates within stipulated budget.
  • Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Models demographic information and analyze the volumes of transactional data generated by customer purchases
  • Identifies, prioritizes, and reach out to new partners, and business opportunities et al
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develop, execute and evaluate new plans for expanding increase sales
  • Document all customer contact and information
  • Represent the company in strategic meetings
  • Help increase sales and growth for the company
  • Manage the organization website
  • Handles ecommerce aspect of the business
  • Responsible for installing and maintenance of computer software and hardware for the organization
  • Manages logistics and supply chain software, Web servers, e-commerce software and POS (point of sale) systems
  • Leverage on software apps to keep track of goods (container of rice) that are shipped from one destination to another
  • Manages the organization’s CCTV
  • Handles any other technological and IT related duties.

Accountant / Cashier:

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensures compliance with taxation legislation
  • Handles all financial transactions for the organization
  • Serves as internal auditor for the organization

Client Service Executive

  • Ensures that all contacts with customers (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with customers on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to customers when they make enquiries (answer customer queries regarding the store and the merchandise)
  • Finds out the customer’s needs, recommend, select and help locate the right merchandise, describe a product’s features and benefits.
  • make suggestions and encourage purchase of products
  • Provides information about merchandise and delivery options

6. SWOT Analysis

Our intention of starting the business basically as an exporter is to test run the business for a period of 2 to 5 years to know if we will invest more money, expand the business and then start our commercial rice farm and rice processing plan / rice mill.

We are that it is quite demanding running a rice export business alongside a rice farm and rice processing plant, which is why we are following the due process of establishing a business. We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.

Joel Sutton® Rice Export Company employed the services of an expert HR and Business Analyst with bias in shipping and exporting start – ups to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives.

This is the summary of the SWOT analysis that was conducted for Joel Sutton® Rice Export Company;

Our distribution network, the business model we will be operating on, varieties of payment options, wide range of well processed and well – bagged rice from different rice production companies from within the United States and other parts of the world and our excellent customer service culture will definitely count as a strong strength for Joel Sutton® Rice Export Company. So also our management team members are people who have what it takes to grow a business from start – up to profitability with a record time.

A major weakness that may count against us is the fact that we are a new rice export company and we don’t have the financial capacity to engage in the kind of marketing and publicity that we intend giving the business.

  • Opportunities:

The fact that we are going to be operating our rice export company in a city that host one of the busiest seaports and rice farms in the United States provides us with unlimited opportunities to purchase rice at cheaper rate and also ship to other countries at affordable rate as well.

We have been able to conduct thorough feasibility studies and market survey and we know what our potential customers will be looking for when they order rice from us; we are well positioned to take on the opportunities that will come our way.

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new rice export company in same location where our market exists. So also, unfavorable government policies from home country and export country may also pose a threat for businesses such as ours.

7. MARKET ANALYSIS

  • Market Trends

There are loads of factors that come into play in the rice export cum export industry. Government policies, trade agreement and mutual benefit are some of the key factors that encourage export and import. This is why any company in the United States that is into exporting of goods must ensure that they check the trade relationship the US has with the country they intend exporting rice to and also the country’s status on rice importation et al.

Maximizing profit in the rice export industry requires that you own your rice farm and rice processing plant / rice mill. If you are conversant with the happening in the rice export industry, you will notice a trend amongst top rice exporting companies; they are known to own their own vast rice farms and rice processing plant / rice mill.

8. Our Target Market

Possibly it will be safe to submit that the rice has the widest range of customers; almost everybody on planet earth consumes rice; rice is indeed one of the most popular staple foods in the world.

In view of that, we have positioned our rice export business to service rice dealers all across countries in Africa and South America. We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us.

We are in business to export well processed and bagged rice from different rice production brands to rice distributors and wholesalers in countries across Africa and South America.

Our competitive advantage

A close study of the rice export industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry.

We are aware of the stiffer competition and we are well prepared to compete favorably with other leading rice export companies throughout the United States and other part of the world. Joel Sutton® Rice Export Company is launching a standard rice export company that will indeed become the preferred choice for rice distributors and rice dealers all across countries in Africa and South America.

Our distribution network, the business model we will be operating on, varieties of payment options, wide range of well processed and well – bagged rice from different rice production companies from within the United States and other parts of the world and our excellent customer service culture will definitely serve as a competitive advantage for Joel Sutton® Rice Export Company.

So also our management team members are people who have what it takes to grow a business from start – up to profitability with a record time.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (startups rice export companies) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives. We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

Joel Sutton® Rice Export Company is in business to export a wide range of well – processed and well – bagged rice from different rice production brands to rice distributors and wholesalers all across countries in Africa and South America.

We are in the rice export industry to maximize profits and we are going to go all the way out to ensure that we achieve or business goals and objectives. Joel Sutton® Rice Export Company will generate income by exporting the following products;

  • Exporting short-grain rice, medium-grain rice and long-grain rice (both in organic and non – organic form) from different rice production brands.

10. Sales Forecast

One thing is certain when it comes to rice export business, if you able to explore the markets within your target market areas; you are sure going to make huge profits.

We are well positioned to take on the available market in countries all across Africa and South America and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base.

We have been able to critically examine the rice export industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in Texas City – Texas.

Below are the sales projection for Joel Sutton® Rice Export Company it is based on the location of our business and other factors as it relates to rice export start – ups in the United States;

  • First Fiscal Year-: $350,000
  • Second Fiscal Year-: $650,000
  • Third Fiscal Year-: $1.2 million

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor retailing same shoe brands and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales Strategy

Before choosing a location for Joel Sutton® Rice Export Company, we conduct a thorough market survey and feasibility studies in order for us to position the business in a location that will enable us have access to rice production companies and easy access to seaports. We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.

We hired experts who have good understanding of the rice export industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in countries all across Africa and south africa.

In other to continue to be in business and grow, we must continue to export well processed and well packaged rice which is why we will go all out to empower or sales and marketing team to deliver. In summary, Joel Sutton® Rice Export Company will adopt the following sales and marketing approach to win customers over;

  • Introduce our rice export company by sending introductory letters alongside our brochure to rice distributors and rice wholesalers in countries all across Africa and South America
  • Ensure that we have a wide range of rice from different brands at all times.
  • Create a loyalty plan that will enable us reward our regular customers
  • List our business and products on yellow pages’ ads (local directories)
  • Leverage on the internet to promote our business
  • Engage in direct marketing and sales
  • Encourage the use of Word of mouth marketing (referrals)

11. Publicity and Advertising Strategy

Despite the fact that our rice export company is well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote our rice store.

Joel Sutton® Rice Export Company has a long term plan of exploring markets beyond countries in Africa and South which is why we will deliberately build our brand to be well accepted in these continents before venturing out. As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand.

Here are the platforms we intend leveraging on to promote and advertise Joel Sutton® Rice Export Company;

  • Place adverts on international based newspapers, radio stations and TV stations.
  • Encourage the use of word of mouth publicity from our loyal customers
  • Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Badoo, Google+ and other platforms to promote our business.
  • Ensure that our we position our banners and billboards in strategic positions all around Texas City – Texas
  • Contact corporate rice distributors and rice wholesalers in countries all across Africa and South America by e – mailing and calling them up and informing them of Joel Sutton® Rice Export Company and the products we export
  • Advertise our rice export business in our official website and employ strategies that will help us pull traffic to the site
  • Brand all our official cars and trucks and ensure that all our staff members and management staff wears our branded shirt or cap at regular intervals.

12. Our Pricing Strategy

Aside from quality, pricing is one of the key factors that gives leverage to rice export companies, it is normal for rice distributors and rice wholesalers to deal with rice export companies they can get well – processed and well – bagged rice at cheaper price.

We know we don’t have the capacity to compete with other bigger and well – established rice export companies, but we will ensure that the prices of all the brands of rice that are available in our exporting list are competitive with what is obtainable amongst rice export companies within our level and in our location.

  • Payment Options

The payment policy adopted by Joel Sutton® Rice Export Company is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Joel Sutton® Rice Export Company will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via credit cards / Point of Sale Machines (POS Machines)
  • Payment via online bank transfer
  • Payment via check
  • Payment via mobile money transfer
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our rice.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting / leasing a big facility, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.

The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a rice export business; it might differ in other countries due to the value of their money.

These are the key areas where we will spend our start – up capital;

  • The Total Fee for Registering the Business in the Unites States of America – $750.
  • Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $3,300.
  • Marketing promotion expenses for the grand opening of Joel Sutton® Rice Export Company in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • The cost for hiring Business Consultant – $2,500.
  • The cost for insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400.
  • The cost for the payment of rent for 12 months at $1.76 per square feet in the total amount of $105,600.
  • The cost for warehouse remodeling (construction of racks and shelves) – $20,000.
  • Other start-up expenses including stationery ( $500 ) and phone and utility deposits ( $2,500 ).
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
  • The cost for start-up inventory (stocking the warehouse with a wide range of well – processed and well – bagged rice from different rice production brands) – $250,000
  • The cost for counter area equipment – $9,500
  • The cost for the purchase of forklift and trucks – $25,000
  • The cost for store equipment (cash register, security, ventilation, signage) – $13,750
  • The cost of purchase and installation of CCTVs: $10,000
  • The cost for the purchase of office furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): $4,000.
  • The cost of launching a Website: $600
  • The cost for our opening party: $7,000
  • Miscellaneous: $10,000

We would need an estimate of $750,000 to successfully set up our rice export company in Charleston – West Virginia. Please note that this amount includes the salaries of all the staff for the first month of operation.

Generating Funds / Startup Capital for Joel Sutton® Rice Export Company

Joel Sutton® Rice Export Company is a private business that is solely owned and financed by Ted Preston and his immediate family members. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.

Since they are the sole financier of the business, they have decided to adopt the following means to generate start – up capital for the business;

  • Generate part of the start – up capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from my Bank

N.B: We have been able to generate about $250,000(Personal savings $200,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $500,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Joel Sutton® Rice Export Company is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to export our wide range of well – processed and well – packaged rice from different rice production brands a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Joel Sutton® Rice Export Company will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of six years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

  • Business Name Availability Check: Completed
  • Business Registration: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Securing Point of Sales (POS) Machines: Completed
  • Opening Mobile Money Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Leasing of warehouse facility and remodeling the warehouse: In Progress
  • Conducting Feasibility Studies: Completed
  • Generating capital from family members: Completed
  • Applications for Loan from the bank: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents and other relevant Legal Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
  • Recruitment of employees: In Progress
  • Purchase of the Needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business both online and around the community: In Progress
  • Health and Safety and Fire Safety Arrangement (License): Secured
  • Opening party / launching party planning: In Progress
  • Compilation of our list of rice brand that will be available in our store: Completed
  • Establishing business relationship with rice production companies in the United States of America and Thailand: In Progress

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Maharani Rice

How do I start a rice export business in India?

How do I start rice export business in india

One of the most widely produced crops in India is rice, and rice manufacturer in India is one of the country’s most popular exports. Iran, Saudi Arabia, Iraq, Kuwait, the United Kingdom, and other countries are among the major consumers of Indian basmati rice. As a result, exporting rice from India is a lucrative business, and anyone looking to launch an import and export company should not ignore this fact. Any person wishing to export rice from India to another country must register their business. In order to conduct flawless import and export commerce, they must possess the IEC code.

Registration of your basmati rice export from india is the initial step. An import and export company can be established as a sole proprietorship, partnership business, trust, or LLP. Once you’ve made a decision, your business must be registered. The registration procedure takes about 20 days to complete. You will receive a PAN number once the firm has been registered. This will reach you in fewer than 40 days. Obtaining the IEC code is crucial after your firm has been successfully registered.

Explain about the process for the exporting business

Any business that wishes to do import and export commerce must comply with this. IEC application is a relatively easy process, and you may do it online by visiting the DGFT webpage.  Prepare the demand draft for the Basmati rice seller application fee. If you choose to register offline, you must send this amount to the Director General of Foreign Trade office; however, if you choose to apply online, you can choose from a variety of online payment options. The next crucial document you’d require is a banker’s certificate.

This must include the business’s information, account number, list of directors, and picture of the owner. This bank account serves as a means of confirming the legitimacy of the company, and it is the only one into which payments and remittances will be made.  The PAN card issued by the income tax department must also be submitted. Make sure to include the PAN card’s reverse side as well. The director’s full-size photograph must be authenticated and submitted as part of the application procedure.

In the case of an online application, the scanned copy of the photograph must be included. In order to operate a business in India, a company must be registered, and this certificate must be submitted with the application. This certificate must be listed rice companies in india included when filling out the application form as it is issued by the registrar.  You must research the market at the same time as you apply to register for IEC. Having a short list of the countries that import rice from India, such as the ones we have listed above, must be useful.

These were the essential details regarding the beginning of the rice export from India. Regardless of the export product, having the IEC code is necessary for smooth business operation and to qualify for various government incentives in India. The finest help for you will come from legal services like if you are unsure how to go about the registration or if you choose to do it yourself but are unsure.

How can I start my own rice export business? I don’t have the initial amount, but I have a lot of farming land.

How can i import rice from india, 2 replies on “ how do i start a rice export business in india ”.

I want to start export business of rice.I have GST,IEC and trade license.

pls inform rice export buisness

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rice export business plan in india

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  • Import/Export Business

How To Export Rice From India – Profits, Steps And Procedure

rice export business plan in india

Hello, fellow entrepreneurs and curious readers! I’m Ajay, and I’ve been in the rice export business for quite some time now. Today, I’m thrilled to share my journey and insights on how to successfully export rice from India. This industry has been incredibly rewarding for me, and I believe it holds great potential for others as well.

India is renowned worldwide for its rice cultivation. Did you know that as of recent years, rice production in India accounts for a significant portion of our total food crop production? This fact alone highlights the importance of rice in our agriculture sector. Moreover, the demand for Indian rice globally continues to grow, making the rice export business a lucrative venture.

Why Export Rice from India?

Rice is a staple in diets around the world, and Indian rice varieties, especially basmati, are highly sought after. With countries across the globe craving the quality and aroma of Indian rice, there’s a continuous demand that needs to be met. This opens up a world of opportunity for us to export rice from India.

My Experience and How You Can Start Exporting Rice

Starting a rice export business can seem daunting, but it’s quite manageable with the right information and steps. Here’s how I navigated the process and how you can too:

  • Register Your Business : First things first, you need to make it official. I registered my company, which was a straightforward process that took about 20 days. Remember to include “Exporters” in your company name; it clarifies your business activity to potential international buyers. For example, “Ajay KSG Rice Exporters Pvt Ltd.”
  • Obtain an Import Export Code (IEC) : An IEC is crucial for exporting any product from India. The process is online and relatively simple, thanks to the DGFT website. This code is your passport to the international market.
  • Identify Your Target Market : For me, choosing the right market was key. I looked into countries with a high demand for rice but less competition. This strategic selection can significantly impact your success.
  • Finding Buyers : The most challenging yet exciting part is finding potential buyers. I explored various channels like export trade fairs, online platforms like Alibaba and IndiaMART, and even social media advertising. Building a robust online presence and networking extensively has been instrumental in connecting with buyers.
  • Market Analysis : Understanding the market demand in your chosen country is vital. I conducted both primary and secondary research to gauge the appetite for Indian rice. This step helped me tailor my offerings to meet specific market needs.
  • Know the Export Procedure : Familiarizing yourself with the export and import policies of your target country is essential. I attended several seminars and consulted with industry experts to get a grip on the best practices and regulations.
  • Understand Your Competition : Analyzing your competition helps in positioning your business strategically. Offering competitive pricing, ensuring high quality, and maintaining reliability are keys to standing out.
  • Finalize Payment Methods and Laws : Ensuring smooth transactions is crucial for long-term success. I educated myself about the various payment methods and legal requirements involved in international trade.
  • Choose the Right Transportation : Selecting an efficient and reliable transportation method ensures your rice reaches its destination in excellent condition. Proper documentation is critical to avoid any hiccups along the way.

Top 30 Countries Which Are Major Importer Of Basmati Rice From India

Is it profitable.

Absolutely! The profit margin in the rice export business can be quite attractive, depending on the countries you export to and the volume of your shipments. With India’s rice production reaching around 120 million tons recently, there’s ample supply to meet the global demand. However, staying updated with market trends and foreign trade policies is crucial for navigating the ups and downs of international trade.

Exporting rice from India has not just been a business for me; it’s been a journey of learning, growth, and connecting with diverse cultures through the universal language of food. If you’re considering stepping into the world of rice export, I say go for it! With dedication, research, and a bit of entrepreneurial spirit, you too can make a mark in this flourishing industry.

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Hello I siri want to exports rise from india to dubai can help me

Please send me ur rice quotation on [email protected]

Hello sir i want ti export flower from india to abroad can u help me

Hi sir i want to export rice can u guide me

Hi Jayaprakash, We supply rice to different countries , let me know to which country you need supply.

I want to export rice to dubai sir pls give me your contact details

Hi sir , I need to export non Basmati rice to other countries . Would you pleasr help here to get information .

Regards Dinesh

[email protected]

Hi Debasis Das – I need a quote for 25% broken rice for export. Can you provide?

Plz frwrd me ur no. @debasis das

Hello Jayaprakash, We supply rice to several countries, kindly let me know to which country you need.

Hi Debasis,

We are from rice industry. We have export quality of Sona masuri rice (Karnataka ponni). We are ready to take bulk orders to export.

Please do feel free to contact us for any quite on the Sona masuri rice.

Regards Basavaraj [email protected] 8971907860

Hello sir. Good Morning. Sir we Require best buyer of non basmati rice from india to any country. our capacity 16 Mt per hour. Brown rice. Parboiled rice. Raw rice. Steam rice. From 5.50mm to 6.80mm in colour of white,golden, &creamy. As per buyer requirements (length ,colour &packing ).

can u send us the price quotation for all type of rice which u were export.

destination of rice in saudiarabia(Riyadh)

Email id- [email protected] .

u can also reach my mobile no-0965479405

can you please send me your best price per Mt CIF india as well as CIF Railway Montreal Canada to my email [email protected] I hope I can do start a very long term business relationship with you.

Hello Sanjay, can u send me price of all type non basmati rice on fob or cf Russia price per metric ton as soon as possible. My email id is [email protected] wait for ur urgent reply.

Dear Sanjay Kumar,

Give me your contact details for further process. You may reach us at [email protected]

Please ping me on my WhatsApp number +261344033128

please send your quotation.

I would like to start a rice export business. Could you please any one give the details about the export details.

Thanks, Sreedhar

i want to export non basmati boiled rice from india please tell me how to start

Hi…i am a dealer from delhi.need buyers for basmati rice…kindly guide through this…

Hi.. I am from Singapore. I like to do import business. Rice from india. Contact me- [email protected]

Hi sir, I am V.R.Ashwin I would like to do an rice export business from Tamil nadu. If willing help me.thank you

I want to export rice to other countries any one help me how to start exporting .

Hi Basavaraj Sir Plz can you tell me rates of your product. thanks & regards Atul gupta 8941003116

We are the leading player in basmati

We are the leading Importer and Supplier of rice color sorter machines in New Delhi.

We are leading exporter of basmati and non basmati Rice. Pls contact us [email protected] for Rice export to any country.

Hello sir I want to export t shirts in India to Ubrads How to export please send me details

Hi people, I have a client in Africa and i want to export paraboiled rice from India. Can you please provide me your best price per Mt CIF India as well as landing price to Africa. My email [email protected] I hope to start a very long term business relationship with you. Regards, Suresh

I am from TamilNadu supplying Traditional ORGANIC Kichili Samba boiled rice . If any one needed pls contact me on below mail ID. [email protected]

Hello All , I have a very big base for exporting Jasmine rice from thailand to any country requirement we have 90% Jasmine rice , 94% pure Jasmine Homali rice, Organic Berry rice Interested people can contact on [email protected] , 00971569486117

Hi, I want to start a rice business from goa can somebody guide me right from start step wise , as iam new to business .

Hi , I would like to export organic rice from India to Australia . Any tips ? Thanks

We are exporting Rice in 42 countries. We r having requirements of basmati, non basmati, boiled rice frequently, suppliers from India please contact us.

We have a rice factory in India.. we can deal with you.

hello, please provide the details like quality and prices.

sir we have rice factory in tamilnadu can we tie up it

we have a rice factory in tamilnadu if u needed u can buy from at affordable price contact us at 09321271388

Sir,what are your parameters

I have a buyer of basmati rice in Kuwait. Please guide me how export rice from India, from where i can purchase on best rate and sample also required for the same.

Comment: Hi, I am Sunil Agrawal from India and I am living in rice producing belt and want to start rice expert business. any tips for me.

sir i want to know the full procedure of exporting rice from india to another country. can you please help me.

Hello sir we have a rice and other different factory so we want to export them to USA . Can you help me.

I want to import rice from India to Guinea. Please let me know your contact information so we can discuss more details. Thanks

Hello dealers, I wish to start export of non basmati rice from uttarakhand India to other country. Key qualities:- good quality uttarakhand’s paddy rice, low price, frequent service.

Mail me at:- [email protected]

I am interested in Importing Rice from India to Uk Basmati Organic anyone interested pls contact me on my email

Dear Hima Bindu, Greetings from Sakthi Logistics.

We introduce ourselves as an exporter of rice from South India. We came to know that you import Rice from India. We can able to supply you any quantity with quality as per customer specifications.

If there is any opportunity please let us know.

Awaiting for your positive reply.

With regards, R.Vijaya Kumar +91-9626522360.

Hello All, can u send me price of all type basmati rice on fob or cf Dubai price per metric ton as soon as possible. My email id is anandpathak22@gmailcom wait for ur urgent reply.

hi sir pls contact with me 9866000907 fro rice supplying

hello sir, i wanna export basmati 1121 sella rice. i wanna infomation regarding list of buyers from saudi arabia,dubai..plese help me.

looking for export rice in middle east and African countries

Sir,I want to know the procedure of exporting rice from from India to Australia, can you help me please.

Im a Farmer from Kumbakonam, Tanjore District in Tamilnadu, India, I have agricultrural land of 8 acres. And i do only organic rice paddy for past 3 years. Recently i done Seeraga Samba type Paddy, Im looking for export the same. Kindly let me know your interests on this…

Contact me [email protected]

Mr sathish,

I want traditional rice seed I am in madurai, send me the varieties

I want to export rice to USA any one help me how to start exporting?

Hii sir, I.m intersted expoert rice in UAE. Pls tell me how to apply for export. My number is 9028646172..

Good Evening, We are on the look out for Potential Buyers of good quality non basmati rice within India and also for exports to any other countries. Varieties are as follows:- Gobindo Bhog Rice Banskathi Rice Common Rice MiniKit Rice 36 Saru Rice Rice Bran

Any special grade requested can be looked into by our mill.

Best Regards,

Neenad Swar

i want to start rice exporting business from mangalore to saudhi, suppliers of rice at wholsale sale price please contact me with price details etc.

i want to start rice exporting business from mangalore to saudhi

can some one advice to select rice type and quality identification before exporting. response appreciated

Dear All, We are looking for Potential Buyers of good quality rice within India and also exports to any other countries. Fast delivery & high quality.

Kind Regards, Subashini

Greetings..!!

Hi can you help us out with the variety of rice exported to middle east with the specification and type of rice exported as we have a buyer for the same and quantity would be 5- 10000 tonnes to start with, as we are looking forward for a competitive quote and good quality of rice

Hope too ear from you soon .

Thanks & Regards,

Vineet Suneja

hi i want to import rice to Iran, can you help me?

Yes Farhang we can help you for iran

Hello, I want to sell basmati rice to Oman… Can anyone help me…

Yes Jaya we can help you out for oman

want to start rice exporting business from kandla(gujarat) india to dubai, suppliers of rice at wholsale sale price please contact me with price details etc

Hello sir..I want to start rice import export business so can u plz help me

We are a leading producer of Rice in Maharashtra. We want to enter international market like Middle est countries, Africa. Pls help us with the details of the Rice like size of grain,colour,quantity etc on mail.

Could you please help us out with the variety of rice to export to Australia with the specification and price as we have a buyer for the same and quantity would be 5-25 tonnes to start with, as we are looking forward for a competitive quote and good quality of rice.

Hi, I want to export rice to other states and countries. would any one suggest me on this.

Planning to start Rice Export to various countries. Can you help me?

We are exporting rice, spices, pulses and dry fruits to gulf countries, contact me for if there are any requirement.

Thanks, Shafi +91 9884697848

I want to export rice and wheat. So pls help me to know the process.

Hello ,I want to export rice and spices .kindly let me if there is any requirement .

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How to start rice export business in India?

India is a country fuelled with numerous cultures, traditions, festivals, ethnicities, owing to which it is loaded with a potpourri of food. Delicacies made in India are dominantly made with our staple foods like wheat, rice, pulses, and cereals. India has acquired supremacy over two such kinds of cereal i.e. rice and wheat. Every dinner table in India has some of the other dishes that are made up of rice or wheat. Thus, in an agrarian country like India, rice is sowed, harvested, reaped, and consumed in large quantities.

If you are exploring import-export business ideas , then perhaps the rice export business can be a profitable venture to invest money in. The first question that would pop into one’s mind's - How to start an import-export business? Well, we shall answer that for you through this article.

Before we jump to answering the main topic question, first, let’s understand what the export business is all about.

What is Export Business?

Selling goods from a producing country to another recipient country through shipment is called an export business. Highly potential markets with dynamic investments are a few of the many comprehensive aspects of export business. Now let’s focus on the step-by-step guide for starting an import-export business.

rice export business plan in india

Steps for an import-export business plan

1. building an organisation.

Setting up a complete company with a creative name and logo that appeals to the international market is the first step in building an organisation. Documenting the ownership of the firm, whether sole, joint family, partnership, etc., must be ascertained.

2. Bank Account

Under the name of your business, you must open a current account in the desired nationalised or multi-national bank that has authorities for foreign exchange. With proper documentation in place, the organisation shall never see a grey day.

3. Permanent Account Number

A company participating in foreign trade must possess a Permanent Account Number (PAN) from the Income Tax Department of India. This number is useful in securing all international transactions to India.

4. Import-Export Code

The import-export code is a 10 digit number generated based on the PAN by the Regional Authority of the Directorate General of Foreign Trade (DGFT). Obtaining this number is thus mandatory for anyone who wishes to venture into an import-export business.

5. Acquiring the RCMC

A person venturing into import-export business needs to obtain the Registration cum Membership Certificate to avail benefits and concessions under the Foreign Trade Policy 2015-20. The RCMC has powers to render an entrepreneur with services from the Community boards, Export promotion councils, and other governing bodies.

6. Cover up the risks with ECGC

The highest risk factor that is involved in the export business is non-payment through the buyers. Thus, the Export Credit Guarantee Corporation Limited (ECGC) takes care of the risks relating to foreign trade.

These are some of the basics that need to be in place before you begin your off-shore trading. Now let’s emphasise one of the best export business ideas that also answers your query on how to start a rice export business?

Action Plan to Export Rice

India has been a leading exporter of rice amongst many other countries for decades in the global economy. In 2015-16, our country exported around 40.45 lacs of metric tonnes of basmati rice and 63.66 lacs metric tonnes of non-basmati rice worth crores. Thus, you can judge from the facts and figures the total net worth of this business idea.

Once you have all the documentation in place, you must perform the following steps to stabilise and expand one of the best export business ideas in the country.

1. Market Research

Once you have decided to start the rice export business in India, you must learn about the current export trends, market capacity and size, ongoing competition, foreign policies, etc. Thorough research is mandatory before entering foreign waters. Understanding Indian policies and learning more about the foreign country’s norms shall put you in a better position than others.

2. Branding

The next step is to establish a brand name, brand identity and market it dynamically. Creating the visual identity involves building a website that will be of international standards and have all the updated tools attached to it. Keeping it upgraded and updated periodically will attract and attach clients’ confidence in your brand.

3. Locating Procurers

Exploring the vast community of farmers, suppliers, vendors, distributors, buyers, dealers, and other middlemen would be the next step. You can choose to procure rice from the suppliers, or directly from the farmers to exclude the middlemen involved. Obtaining rice from the farmers can be highly beneficial as you can get the product at its best quality and minimal rates. You can go a step further and tie-up with a certain number of farmers in a particular area like Telangana, Andhra Pradesh, Kerala, Karnataka, etc. The complete South of India smiles with lush green, watery, rice paddy fields that can be considered as your best option to pick the raw material from. Post this phase, tying up with foreign traders and marketers is also important to take your trade further.

4. Types of Rice Exported from India

The rice grown and harvested on the soils of India has innumerable varieties to its credit, including Basmati, Ambemohor, Bamboo, Kolam, Indrayani, Mogra, Jeera Samba, Parmal, Ponni, Sharbati, Sona Masuri, Surti Kolam, Wada Kolam, and the list goes on. But when it comes to exporting rice, it is majorly divided into two parts i.e. Basmati and Non-Basmati. Basmati is considered to be the king of all kinds of rice. Long, sleek grain, faint beige colour, and a rich aroma are what defines the grains of Basmati rice. India is the biggest producer of Basmati rice all over the world, making it one of the best products to be utilised in import and export business ideas. Hence, exporting Basmati or any type of rice across continents can fetch you good money.

5. Branding Samplers

When you put a step forward into the international market, what stands to be the backbone of your firm is the branding you create for your company. In the international market, to break through the competition with good rates, you must provide customised branded samples to prospective buyers. Once the buyers are happy and satisfied with the samples, they shall surely contact you for further orders and contracts.

The buyers for your rice can be 5-star hotels, restaurants, cafes, supermarket chains, departmental stores, and e-commerce sites like Amazon.

accountant working and analysing financial reports

6. Costing Analysis

The opening of a venture, stabilising, expansion, or for that matter, closure to is dependent on costs. While investing heavy amounts of rupees into the export of rice, one must have a strategic plan for investing slowly and steadily. A comprehensive study of the international market must be taken into consideration before finalising the pricing policies. At the same time, offering the best quality at competitive rates will fetch you long-term clients and bigger contracts too.

We are assured that the vital aspects present in this article will answer your question as to how to start import and export business, specifically a rice export business .

While reaching out across borders an entrepreneur must keep in mind that not only their brand but the country’s prestige is at stake.

The economic conditions of India, for now, might not be very much inviting, but we are sure that investing in newer avenues like these will open broader and wider markets for you and the country as a whole. Thus, cautiously investing your time, patience, money, and hard work shall reap bigger and brighter results internationally.

1) How to start an export business in Kerala? 2) Which Are the Best Items to Export from Tamil Nadu? 3) How to Start A Small-Scale Essential Oil Extraction Business? 4) How to get started with the food processing business? 5) Best Rice Brands In India

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rice export business plan in india

Q. Who is the largest exporter of rice?

Ans. India has stood in the number one position for many decades, exporting all types and qualities of rice across continents.

Q. How much rice does India export?

Answer - Our country exported around 8 million tonnes in the year 2017-18, and in 2019-20, shipped around 5.4 million tonnes to the world.

Q. Who produces the most rice?

Ans. Amongst all the under-developed, developing, and developed countries, China produces the most rice throughout the world.

Q. Which state in India is the largest producer of rice?

Ans. West Bengal is the state that produces the largest quantities of rice. Half of the land of West Bengal is under cultivation for rice. In the farming season of 2016, the state reaped around 15.75 million tonnes of rice over a cultivable land of 5.46 million hectares.

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The Dynamics of Rice Export from India: Trends, Insights, and Beyond

Introduction.

Rice, the quintessential staple of Indian diets, plays an even more crucial role in the nation’s economy as a major export commodity. With a rich agricultural heritage, India has capitalized on its diverse climate and fertile lands to emerge as a leading rice exporter. The economic implications of rice export from India extend far beyond the boundaries of the country, influencing global trade relationships and contributing significantly to India’s GDP.

This blog delves into the multifaceted realm of rice export from India, unveiling the trends, insights, challenges, and opportunities that shape this vibrant industry. From examining the global rice export from India landscape to spotlighting the success stories of Indian exporters, this comprehensive exploration sheds light on how India’s rice journey impacts international markets and sustains its own economic growth.

The Global Rice Export Landscape

In a world hungry for sustenance, rice is the thread that ties nations together. The global rice trade boasts a complex ecosystem, with India holding a prominent position as one of the leading exporters. The increasing demand for rice, driven by rising populations and shifting dietary preferences, has propelled India into a significant role in the international rice market.

As nations engage in the exchange of this fundamental grain, the market is dominated by key players who set the pace. China, Thailand, and Vietnam stand alongside India as major contributors to the global rice trade. India’s unique strengths, such as a wide variety of rice strains and competitive pricing, have enabled it to effectively compete in this high-stakes game.

India’s contribution to the global rice trade extends beyond just sheer volume. Its diverse array of rice varieties, coupled with cost-effective production, places it in a formidable position. India’s ability to cater to different market preferences, both in terms of taste and price, sets it apart and ensures a steady flow of rice to tables worldwide.

Driving Factors Behind Rice Export From India Success

India’s journey to becoming a major and largest exporter of rice is backed by a synergy of factors. A diverse range of climates, from the fertile plains to the hilly terrains, enables year-round rice cultivation. Additionally, the nation’s rich soil and water resources provide the necessary foundation for robust yields.

India’s geography is a treasure trove of climatic variations, making it conducive to growing various rice strains. From the aromatic Indian basmati rice exporters of the northern regions to the array of Non-Basmati varieties discovered in the southern parts, India’s collection of rice offers an abundant diversity of flavors and textures.

Government policies and initiatives have been pivotal in propelling India’s rice export industry. Schemes promoting agricultural research, technological advancements, and export incentives have collectively bolstered India’s competitiveness in the international rice trade.

Wheat Export from India: A Guide to Indian Wheat Varieties

Varieties of Rice Exported from India

India’s agricultural diversity is mirrored in its rice varieties. The nation cultivates a wide spectrum of rice strains, ranging from the fragrant and sought-after Basmati to the versatile Non-Basmati types. This diversity allows India to cater to diverse global tastes and preferences.

Basmati rice , renowned for its aroma and long grains, stands as a culinary gem that India proudly exports. Meanwhile, Non Basmati rice , which includes parboiled and white rice, adds a significant share of India’s rice export basket.

The unique qualities of Indian rice varieties, from the elongated grains of Basmati to the adaptability of Non Basmati rice in various dishes, contribute to their global appeal. These characteristics guarantee that Indian rice occupies a distinct and cherished spot in households across the globe.

Key Destinations for Indian Rice Exports

Indian rice graces dining tables in far corners of the world, making its way to the kitchens of several nations. worthy buyers encompass nations across the Middle East, Africa, Europe, and North America.

The preference for Indian rice in these markets is a culmination of factors such as taste, quality, and cultural compatibility. Indian exporters’ commitment to meeting specific requirements ensures a steady demand from these regions.

The statistics speak for themselves. The volume and value of rice exported from India to these key destinations underscore the country’s strategic significance in the global rice trade.

Emerging Trends and Opportunities

The dynamic landscape of international trade constantly ushers in new trends. The surge in demand for organic and sustainable products has extended to rice, presenting India with the opportunity to tap into this evolving market.

As India solidifies its position as a major rice exporter, the potential for expanding its market share further is evident. Incorporating inventive strategies while addressing shifting consumer preferences has the potential to open up novel pathways for expansion.

Value addition in the form of processed and packaged rice products holds great promise. From ready-to-cook rice to fortified variants, these products not only cater to convenience but also open doors to diverse consumer segments.

Challenges in Rice Export

Maintaining consistent quality across large volumes is a challenge that Indian rice exporters face. Stringent quality control measures become crucial to meet international standards and uphold consumer trust.

Navigating the ever-evolving landscape of international trade regulations is a complex endeavor. Harmonizing Indian standards with global expectations requires careful strategizing.

The journey of rice from the paddy fields to overseas markets is riddled with logistical complexities. Efficient supply chain management becomes imperative to ensure timely delivery and product integrity.

How to export spices from India?

Indian Rice Exporters: Success Stories

Behind India’s rice export success are stories of tenacious entrepreneurs and thriving exporters. The transformation of local producers into global players exemplifies the journey of determination, innovation, and market acumen.

Indian rice exporters have built their success on a foundation of quality, market reach, and customer satisfaction. Demonstrating a consistent capacity to meet buyer expectations underscores their operational excellence.

The success stories of Indian rice exporters are integral to India’s growing prominence in the global rice export market. Their efforts not only contribute to economic growth but also bolster the nation’s reputation on the international stage.

Quality Standards and Certifications

Quality assurance is the cornerstone of any successful export venture. Ensuring that rice meets international standards not only ensures consumer safety but also builds a foundation of trust.

Indian rice exporters adhere to a spectrum of quality certifications and standards. These certifications signify a commitment to producing rice that meets global benchmarks.

In an interconnected global market, trust is paramount. Adhering to quality standards and certifications enhances the credibility of Indian rice in the international arena.

As India propels itself forward as a global rice export leader, the importance of continued innovation, collaboration, and adaptability cannot be overstated. These elements will determine the trajectory of India’s rice export industry, shaping its impact on the world stage.

In this comprehensive exploration, we have ventured into the heart of India’s rice export story—its significance, trends, challenges, and triumphs. From the diverse varieties nurtured by the land to the journeys of exporters who bridge continents, every facet is a testament to the symbiotic relationship between rice and India’s economic growth. As we conclude this exploration, we leave you with a renewed appreciation for the simple grain that has a profound impact on the world.

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Succeeding with a Rice Business In India

How to Apply for a Online Ration Card Application in Karnataka

From rice farming to retail rice selling, several opportunities are waiting to be exploited in the evergreen rice industry. This article outlines the A to Z of starting a rice business in India, don’t miss out on leveraging it. 

Rice is a staple source of food throughout Asia and hence is always in high demand. As a result, many entrepreneurs have realised the immense business potential of rice. Know more about the Succeeding with a Rice Business In India. However, like with all other businesses, there are certain things that people need to consider before they start a rice business.

Since rice is a widely consumed commodity, the government has put in place several quality checks to ensure that only hygienic and high-quality rice makes its way into the market. In this article, we’ll go over everything you need to know before starting a rice business in India. Lets discuss on how to start a business in Agriculture Sector .

Table of Contents

Rice Business Opportunities in India

Almost 70% of the world’s population consumes rice as their staple food. Every year, approximately 40,000 varieties of rice are harvested all over the world, indicating the commodity’s diverse demand. In India itself, rice is a staple that boasts of daily consumption in the south, north-eastern and eastern parts of the country. This is why starting a rice business in India is an excellent choice.

Did you know? We are the second-largest producers and consumers of rice globally. Also, India produced 7.5 million tonnes of basmati in the year 2019-20, of which 61% was exported!

India’s fertile soil, suitable weather conditions, and large quantities of arable land make it perfect for growing rice. As a result, the rice industry serves as the backbone of our agricultural sector. We are also the world’s largest exporters of rice by volume and most preferred as well. This reputation of our country is responsible for making the rice business an excellent option for budding entrepreneurs. Let us now take a look at what types of rice businesses you can start in India.

Various Types of Rice Businesses to Consider

There are several avenues you can consider when you opt to start a rice business in India. Some of the most common rice-related companies in India are engaged in the following:

  • Rice farming 
  • Rice dealership
  • Wholesale selling
  • Rice mill business
  • Retail rice selling
  • Rice Export  

To set up a rice farm, you will need a large parcel of land, a good source of water and access to labour. Additionally, you will have to be well-versed in the agricultural requirements for rice, and keep a close watch on the crop throughout the year.

This is a more capital-intensive option and one that requires a lot of research. You will also have to buy the best seeds, invest in fertilisers and look into purchasing advanced farming equipment if you wish to produce large quantities of rice.

On the other hand, rice dealerships, wholesale, resale, retail and milling does not require such laborious research or extensive capital.

Rice milling will require a considerable amount of initial capital infusion to set up an establishment and buy the equipment. After the set-up, however, you will be able to use the mill for decades without additional costs except for routine maintenance, unlike farming, where additional costs arise annually.

Dealerships and resale markets serve as intermediaries by connecting farmers to consumers, they do not require heavy capital infusion and are also very lucrative in terms of returns. All that said, choose the type of rice business depending on your interests and resources.

How to Start a Rice Business in India?

  • To start a rice business in India, you will first need to apply for and obtain a business license. Most guidelines that apply to rice dealerships remain the same when it comes to rice wholesale and retail businesses. You can consult with  Vakilsearch to gain a better idea regarding the legal requirements for your locality. The best way to ensure that your assets stay protected is to legalise the business and get it incorporated. You may choose to register your business as an OPC , an LLP,  a partnership firm or a Private limited company
  • You will then have to locate a large warehouse or storage room that is with good maintanance and hygienic. It is best to pick out a storage space that isn’t too far away from a town or city to make it easier to transport the rice to the final destination
  • Once you have the space set up, you will need to connect with farmers, wholesalers, retailers or customers to either obtain or offload your supply
  • You will also have to establish a delivery system using which you can get your products and deliver the required goods to your consumers. Delivery is an integral part of all dealerships
  • As your business grows, you might have to employ more people. You will have to buy more vehicles and hire more people. In such cases, consult Vakilsearch to make sure you comply with all the required labour laws
  • Entrepreneurs must also ensure that they implement a FIFO policy (FIFO stands for “First-In, First-Out”) to prevent any of the rice from going bad
  • Also, it is best if you offer several varieties of rice, so that you have a more diverse clientele. In this case, you will have to build a more extensive network of suppliers
  • Lastly, owners should consider getting a comprehensive insurance policy for their rice business to protect their assets.

What Do You Need to Start a Rice Distribution or Sales Company?

  • A large farm or external supplier that will serve as your primary source
  • Large warehouse to store your rice
  • Enough capital to buy large quantities of rice so that you get it at affordable rates
  • Transportation and delivery facilities, such as vans and loading and unloading staff
  • Feasibility study to understand the market and create a business plan
  • Marketing strategy to promote your products, including free samples, discounts and free delivery services
  • Good accounting system once the business starts operating to ensure you keep track of your income and expenses. 

What Licenses Do You Need to Start a Rice Business?

  • First, you need to register your company: https://www.mca.gov.in/MinistryV2/incorporation_company.html
  • Complete the Udyog Aadhaar MSME registrations if applicable,
  • Obtain a factory license or Trade license
  • Apply for the no pollution certificate from your state’s pollution control board 
  • If you have the required number of employees, complete the PFA and ESIC new registration
  • Apply and get FSSAI license
  • Complete your GST Registration process  to pay your taxes on time
  • If you wish to export your product, complete the IEC registration with the DGFT.

How Can Vakilsearch Assist You?

  • Before anything else, our experts will consult with you to determine the types of licenses and registrations that will best help you achieve your goal of establishing a rice business in India
  • Our lawyers will then help you get your documentation in order. Following which the entire registration process will be completed by our team in the quickest possible span of time
  • Our experts can also relieve you of the burden of GST and tax registrations, ensuring that your rice business is compliant in that regard
  • You can also make sure with the expert assistance in any other tasks related to Incorporation of a Company, licensing and registration, to ensure that your rice business is set up quickly and efficiently.

Read More:-

  • Business License in India
  • How to register a company/startup in India?

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You are currently viewing How to Start a Rice Business in India – Kanakkupillai

How to Start a Rice Business in India – Kanakkupillai

  • Post author: Kanakkupillai
  • Post published: July 31, 2021
  • Post category: Business Tips

Start a Rice Business in India

Rice, as a staple food, plays a vital role in the Indian diet . With a growing population and increasing demand for rice, starting a rice business in India can be a lucrative venture. This article will guide you through establishing and running a successful rice business.

India has a massive market for rice consumption, making it an attractive industry for entrepreneurs. The diverse culinary culture and regional preferences generate high demand for different rice varieties nationwide. Understanding the market dynamics and consumer preferences is crucial before venturing into the rice business.

Of course, any business feasibility study or the planning stage is always the first step to take. Ask yourself what kind of rice business you want: rice farming business , rice dealership business , rice mill business , and wholesale or retail rice selling business .

You will need a large parcel of land for the rice farming business . You will need an excellent irrigation system, the best seeds, fertilisers, effective pesticides, harvesters, seeders, and tractors for plowing the land. These are just the basic necessities of this kind of rice business for you to be able to start and eventually and hopefully sell after the harvest season.

The rice mill business is also a good rice business. You will need a huge barn or storage area for the product that will be milled, and that has been milled. You will also need to invest in a rice milling machine. Proper maintenance of the rice milling machine is very important in this kind of business.

Key Takeaways

  • Obtain the necessary licenses and permits, including business registration and a food safety license (FSSAI), to start a rice business in India.
  • Establish reliable channels to source high-quality paddy for your rice mill, such as partnering with local farmers or agricultural cooperatives.
  • Consider packaging options like non-woven bags, jute bags, laminated pouches, or rice sacks to preserve the quality of your rice products.
  • Explore opportunities for exporting rice from India by obtaining an Import-Export Code (IEC) and complying with the regulations of importing countries.
  • Differentiate your rice brand through unique varieties, certifications, strong branding, value-added services, and effective marketing strategies.
  • Pay attention to key factors that affect rice quality, such as paddy variety, cultivation practices, harvesting and drying techniques, and the milling process.
  • Ensure proper storage conditions, including cool and dry environments, protection from moisture and pests, and airtight containers to maintain rice quality.
  • Be prepared to overcome market competition, price fluctuations, and quality control through market research, pricing strategies, and strong relationships.
  • Establishing a profitable rice business takes time and requires a strategic approach, operational efficiency, and a focus on delivering high-quality rice products.

Demand for Rice in India

India’s population heavily relies on rice as a primary source of nutrition . It is consumed in various forms, including boiled rice, biryani, pulao, and other rice-based dishes. The demand for rice remains consistently high throughout the year, creating a stable market for rice producers.

Different Rice Varieties and Their Popularity

India is known for its rich variety of rice. Basmati rice, Sona Masuri, and Pusa varieties are some of the popular choices among consumers. Each region has its preferred rice variety, and understanding the local market preferences is essential for a successful rice business.

Various factors are involved in choosing what rice will best suit your establishment’s needs. Take a look at these types of rice to determine which flavour profile, colour, length, and texture will work best for you.

Arborio: Arborio rice is a medium-grain rice that is wider and has a characteristic white dot at the centre of the grain.

Basmati: When cooked, basmati rice grains are long, dry, and separate. They impart a pleasant, nutty aroma and flavour to any dish.

Brown: Brown rice grains have a chewy texture when cooked. They impart a pleasant, slightly nutty flavour to any dish. The nutritious bran layers are left on brown rice to retain its natural goodness and tan colour.

Jasmine: Cultivated in Thailand, jasmine rice will bring an exotic flair and flavorful accent to any dish. It develops a pleasant jasmine aroma while it is cooking.

White: The starch composition of white long-grain rice has a slightly sticky consistency that’s useful in stuffing, casseroles, and stir-fry dishes.

Factors to Consider Before Starting a Rice Business

Several factors must be considered before diving into the rice business to ensure smooth operation and profitability.

  • Analyzing Market Potential: Conduct thorough market research to evaluate your target market’s demand and potential competition. Identifying gaps and opportunities will help you position your rice business effectively.
  • Identifying Target Customers: Determine your target customer bases, such as wholesalers, retailers, or direct consumers. Understanding their requirements and preferences will guide your business strategy and product offerings.
  • Location and Land Requirements: Selecting the right location for your rice business is crucial. Access to paddy cultivation areas, transportation facilities, and suitable infrastructure for the rice mill are essential factors to consider.
  • Procuring Equipment and Resources: Invest in the necessary machinery and equipment for the rice mill. This includes paddy separators, huskers, polishers, and packaging machines. Additionally, ensure a steady supply of paddy and other raw materials required for production.

Procedure to Start a Rice Business in India

The rice mill business is one of the best options to get the maximum out of it. Most manufacturing opportunities established by the milling business are cost-intensive and profitable. And the profit that you get from the rice mill business is relative. The modern rice mill project cost is quite high. You have consumers who buy in great numbers and food establishments who order in bulk. Thus, becoming a rice dealer or retailer can net you good profits because of its daily demand. And with a low starting capital of about P80,000 to P120,000, it’s also an affordable business.

Step 1: Register a Company

Let’s try and understand the types of business entity structures available in India. Below is the list of some of them:

Step2: Udyog Aadhaar MSME Registrations:

Micro Small and Medium Enterprises are classified into three different types, which are mentioned below:

  • Micro Enterprises – In case a business sets 25 lacs rupees in a specific business in the manufacturing sector comes under Micro Enterprises.
  • Small Enterprises  – Such industries are identified in case the investment is more than 25 lakhs and below five crores in the manufacturing sector. also in case the industry spends more than ten lakhs and less than two crores under the services sector comes under Small Enterprises.
  • Medium Enterprises  – Such industries have investments of more than five crores, and below ten crores fall under the manufacturing sector in the case of more than two crores, and less than five crores under trade type services sector come under Small Enterprises.

Step 3 – Factory License: 

The transfer/handover of goods and services from one entity or person to another in exchange for money is known as Trade. Manufacturing a product in a prescribed manner is called manufacturing.

Step 4 – NOC from the pollution department:

Apply for ‘consent to operate’ and ‘consent to establish’ from the Pollution Control Board Acts 1958: Apply for the  Rice-Milling Industry (Regulation) Act, 1958 .

Step 5 – PFA and ESIC Registration:

If your rice mill plant has employees, you need to get PFA and ESIC registration for the employees according to labour law.

Step 6 – FSSAI License:

The rice mill plant is in the food industry. You need to apply for an FSSAI license . One of the necessary conditions after registering a business entity is to obtain Government License / Permit. In case you are into the food industry, e.g. hawker, itinerant vendor, temporary stall holder, food distributor in any religious or social gathering events except a caterer, or by any way related to manufacturing, transportation

Step 7 – GST Registration:

Obtain GST registration which is compulsory for every business after the GST rule is applied. Making it very easy to do business in India and make interstate sales without restrictions

  • Limited compliance
  • Higher exemptions for new businesses under the composition scheme
  • Less tax liability
  • Financial Inclusion in the long run
  • Boost the country’s economy, thereby increasing opportunities for startups

Constructing or Leasing a Rice Mill

Choose between constructing a new rice mill or leasing an existing one, depending on your budget and long-term plans. Ensure the facility meets the necessary infrastructure requirements for smooth operations.

Installing Machinery and Equipment

Install the rice milling machinery and equipment properly, adhering to safety guidelines. Regular maintenance and calibration are essential to ensure optimal production.

Procuring Raw Materials and Production Process

The quality of raw materials and the milling process significantly impact the final product.

  • Sourcing Paddy for Milling: Establish reliable channels for procuring high-quality paddy. Partnering with local farmers, agricultural cooperatives, or paddy traders can ensure a consistent supply.
  • Parboiling and Milling Process: Implement efficient parboiling and milling processes to obtain superior quality rice. Proper soaking, steaming, drying, and polishing techniques contribute to the rice’s desired texture, aroma, and taste.
  • Packaging and Storage: Invest in quality packaging materials to preserve the freshness and quality of the rice. Ensure proper storage conditions to prevent moisture and pest infestation.
  • Marketing and Distribution: Developing a robust marketing and distribution strategy is crucial for the success of your rice business.
  • Developing a Branding Strategy: Create a compelling brand identity for your rice products. Focus on highlighting your rice’s unique qualities and benefits, targeting your customer base’s specific needs and preferences.
  • Establishing Distribution Channels: Identify and collaborate with wholesalers, retailers, or distributors who can help reach your target customers effectively. Establishing direct consumer channels through online platforms or local marketplaces can boost sales.
  • Pricing and Promotion: Determine competitive pricing strategies that offer value to customers while ensuring profitability. Promote your rice business through various marketing channels, such as social media, advertisements, and participation in local food events.

Starting a rice business in India can be a rewarding endeavor. You can establish a successful and profitable rice business with proper planning, understanding market dynamics, and implementing efficient production and marketing strategies. The key lies in delivering high-quality rice products that cater to the diverse preferences of consumers.

  • What are the essential licenses and permits required to start a rice business in India?

The essential licenses and permits required to start a rice business in India include business registration, a food safety license (FSSAI), and environmental clearances, if necessary.

  • How can I find reliable suppliers for high-quality paddy?

You can find reliable suppliers for high-quality paddy by establishing connections with local farmers, participating in agricultural trade fairs, and networking with rice mill owners and industry professionals.

  • Is having prior experience in the rice industry necessary to start a rice business?

While prior experience is not mandatory, having a basic understanding of the rice industry can be beneficial. Consider partnering with experienced professionals or consultants to guide you if you lack direct experience.

  • What are the packaging options for rice products?

Packaging options for rice products include non-woven bags, jute bags, laminated pouches, and rice sacks.

  • Can I export rice from India?

Yes, you can export rice from India by obtaining an Import-Export Code (IEC) from the Directorate General of Foreign Trade (DGFT) and fulfilling the regulations and requirements of the importing countries.

  • How can I differentiate my rice brand from competitors in the market?

To differentiate your rice brand, focus on offering unique rice varieties, highlight quality through certifications, develop a strong brand identity, offer value-added services, and implement effective marketing campaigns.

  • What are the key factors that affect the quality of rice?

Key factors affecting rice quality include the choice of paddy variety, cultivation practices, harvesting and drying techniques, and the milling process.

  • How can I ensure the proper storage of rice to maintain its quality?

Proper rice storage can be ensured by keeping it in a cool and dry place, protecting it from moisture and pests, and using airtight containers or packaging.

  • What are the potential challenges in the rice business, and how to overcome them?

Potential challenges in the rice business include market competition, fluctuating prices, and ensuring consistent quality. Overcoming these challenges requires effective market research, pricing strategies, quality control measures, and strong relationships with suppliers and customers.

  • How long does it take to establish a profitable rice business in India?

The time it takes to establish a profitable rice business in India varies depending on various factors, including market conditions, business strategy, and operational efficiency. Establishing a strong presence and achieving sustainable profitability in the rice industry typically takes several years.

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rice export business plan in india

Exports Connect

Indian Rice

Top Rice Exporters In India 2024

rice export business plan in india

India is known to be the largest rice exporter in the world. 35% of the world’s rice is grown and exported from India. Why not be it for it has the most extensive rice consuming population. India’s role in the export business of rice is commendable. The land of diversity is known for exporting rice to 150 countries across the world. India is famous for producing the most beautiful rice grains, which include Basmati and non-basmati varients. A quarter percent of India’s economy is generated from the rice exporting business. Studies have found that every year India exports around 20 varieties of rice across the world. Hence, there has been an increase in the number of Rice Exporters in India.

How do we evaluate the list for Best Rice Exporters in India?

When we search for top rice exporters, we rely on various sources to ensure quality, reliability, and adherence to regulations:

  • Rice Trade Shows and Expos: We explore new varieties and establish connections with exporters.
  • Online Rice Supplier Platforms: We identify reputable exporters, review product offerings, and compare prices.
  • Industry Publications and Journals: We stay updated on market trends and leading exporters in the rice industry.
  • Certification Bodies: We verify compliance with rice quality standards and export regulations.
  • Industry Associations and Forums: We engage with rice industry associations to access industry reports and collaborate with peers on best practices and market insights.

The rice export business of India not just produces capital and income for the country but also has paved the gateway for newer job opportunities. The flourishing rice export business of India has recorded the participation of over 1000 active rice exporter companies. Basmati rice has found its buyers across the world. Not lagging behind the non-basmati rice has witnessed an upsurge in its buyer list with the stepping in of new buyers such as Malaysia and Philippines. As of recent statistics, non-basmati rice exports have slumped up to a 40 percent hike in its sales, which comes to around 5-6 million tonnes. The rice export business of India has picked up speed with the increase in demand from Southeast Asia. Every year the country exports about 12 million tonnes of rice, which includes both Basmati and non-basmati varients. Having talked enough of the figures, let us look at the list of the top rice exporters of India who ace at the game. So here is a list of top 5 rice exporters of India.

Rice Exporting Companies

1.KRBL Limited

When it comes to rice exporting business, KRBL tops it. The 120-year-old company has been exporting rice ever since 1889. KRBL Ltd. is India’s first integrated rice company, which has its whole product chain. The years of experience have taught KRBL to master the art of perfecting Basmati rice grain. KRBL is the company that takes the credit of introducing the latest milling techniques to the basmati industry. Their flagship brand India Gate has garnered much appreciation in India and across the globe.

  • Indian Farm
  • Taj Mahal Tilla

Location:  C-32, 5th & 6th Floor, Sector-62, Noida – 201301, (UP), India

2. Amar Singh Chawal Wala

Amar Singh Chawal Wala is India’s leading manufacturer of Basmati rice. The ISO certified company is known for selling the finest and purest varieties of Basmati rice. The company was founded in 1900, and ever since then, they, with their dedication, have earned the reputation of being multinational rice exporters of India. The flagship brand of the company Lal Quilla is listed amongst the famous rice brands of the world.

  • Maharani Parboiled Basmati Rice
  • Maharani Raw 1121 Basmati Rice
  • Maharani Basmati Health Rice

Location:  Out Side, Chatiwind Gate Roundabout, Antaryami colony, Amritsar, Punjab 143001

3. Kohinoor Foods Ltd.

Kohinoor foods ltd. is a part of McCormick & Co. Inc., which is a 127-year-old company. The firm operates a 100% subsidiary of Kohinoor foods. Over the years, Kohinoor rice has become India’s most preferred rice brand. The company works with the vision of spreading the aroma of happiness around the world.

  • Kohinoor Authentic Basmati Rice
  • Kohinoor Health Rice
  • Kohinoor Value Rice
  • Kohinoor Traditional Rice

Location:  Sonipat, Haryana 131027

4. Shri Lal Mahal Group

Shri Lal Mahal Group is considered amongst the biggest exporter of rice from India. The company was founded in 1907 and since then, has emerged as one of the largest multinational conglomerates of India.

  • 1121 Basmati Rice
  • IR 64 Long Grain Rice
  • Pusa Basmati Rice
  • Golden Sella Basmati Rice
  • Empire Basmati Rice
  • Royal Basmati Rice
  • Supreme Basmati Rice

Location:  Bhagwan Das Nagar, Block 6, B-5, Bhagwan Das Colony, Block E, East Punjabi Bagh, Punjabi Bagh, New Delhi, Delhi 110026

5. D.D International Inc.

D.D International Private limited is considered amongst India’s largest exporters of premium quality of Basmati rice. Every year the company exports around 3,00,000 metric tons of rice. The company has been into business ever since 1979 and since then has successfully established its global footprint in the export business.

  • Golden Grain Rice
  • Fiza Brand Rice
  • Silver Grain Rice

Location:  Takhana Village, Taraori, Karnal, Haryana 132116

6. Mahavir Rice Mills

Mahavir Rice Mills is one of the leading companies in production and exportation of Rice. It was established in the year 1985 and has been maintaining a good legacy across since the last 30 years. The company has gained a significant growth since the last 3 decades and thus, have extended their reach in the global market as well. Mahavir Rice Mills have been exporting rice to wide range of network around the globe. They are committed to deliver precision-perfect quality to their customers; nurture a professional work environment, which fosters employee excellence, growth and job satisfaction; and build a financially strong, growth oriented company that creates value for them .

  • Basmati Sella Rice
  • Pusa Basmati Sella  Rice
  • 1121 Golden Sella  Rice
  • 1121 Sella  Rice
  • Basmati  rice
  • Pure Pusa Golden  Rice
  • Basmati Sella  Rice
  • Pusa Basmati Sella  Rice .

Location – Mahavir Rice Mills Dera Gama Road, Assandh – 132039, Distt. Karnal (Haryana) INDIA

So these are some of the leading names in the rice export business of India. Did you find the post useful? Share with us about your thoughts in the comments below.

Check out http://blog.exportsconnect.com/wheat-exporters-india/ for list of Wheat Exporters in India.

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Paddy rice production worldwide 2022, by country

Paddy rice production worldwide in 2022, by country (in million metric tons)*

Global leading rice producing countries based on area harvested in 2022/2023 (in million hectares)*

  • Premium Statistic Production volume of rice India FY 2010-2023
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Production volume of rice in India from financial year 2010 to 2022, with estimates for 2023 (in million metric tons)

Area of cultivation for rice in India FY 2014-2022

Total area of cultivation for rice across India from financial year 2014 to 2021, with an estimate for 2022 (in million hectares)

Annual yield of rice in India from financial year 1991 to 2021, with an estimate for 2022 (in kilograms per hectare)

Area harvested for milled rice in India 2019/2020-2023/2024

Area harvested for milled rice in India from 2019/2020 to 2023/2024 (in million hectares)

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  • Basic Statistic Export value of rice from India FY 2015-2022, by type
  • Basic Statistic Export volume of rice from India FY 2015-2022, by type
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Export value of rice from India FY 2011-2022

Value of rice exported from India from financial year 2011 to 2022 (in billion Indian rupees)

Export value of rice from India FY 2022, by leading destination

Value of rice exported from India in financial year 2022, by leading destination (in billion Indian rupees)

Export value of rice from India FY 2015-2022, by type

Value of rice exported from India from financial year 2015 to 2022, by type (in billion U.S. dollars)

Export volume of rice from India FY 2015-2022, by type

Volume of rice exported from India from financial year 2015 to 2022, by type (in million metric tons)

Export volume of basmati rice from India FY 2022, by country

Export volume of basmati rice from India in financial year 2022, by country (in 1,000 metric tons)

Import value of rice to India 2021, by leading origin

Import value of rice to India in 2021, by leading origin (in 1,000 U.S. dollars)

  • Premium Statistic Average wholesale price of rice per quintal in India 2023
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Average wholesale price of rice per quintal in India 2023

Average wholesale price of rice per quintal in India as of March 2023 (in 1,000 Indian rupees)

Average monthly retail price of rice per kilogram in India 2022, by zone

Average monthly retail price of rice per kilogram in India from January to December 2022, by zone (in Indian rupees)

Average retail price per kilogram of rice in India 2022, by major city

Average retail price per kilogram of rice in India in December 2022, by major city (in Indian rupees)

Retail price index of rice in India 2021-2023

Retail price index of rice in India from January 2021 to December 2023

Availability and consumption

  • Premium Statistic Global rice consumption 2023/24, by country
  • Premium Statistic Net availability of rice India FY 2015-2022
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Rice consumption worldwide in 2023/2024, by country (in 1,000 metric tons)*

Net availability of rice India FY 2015-2022

Net availability of rice across India from financial year 2015 to 2021, with an estimate for 2022 (in million metric tons)

Daily availability of rice per capita in India FY 2015-2022

Daily availability of rice per capita across India from financial year 2015 to 2021, with an estimate for 2022 (in grams)

Domestic consumption of milled rice in India 2012-2022

Domestic consumption of milled rice in India from 2012 to 2022 (in million metric tons)

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India’s rice exports rose by over 33% to 11.79 MT in first seven months of current FY, likely to surpass last FY’s record over 17MT

Non-basmati rice exports rise steeply, likely to more than double in volume terms over fy 2018-19 new destinations emerge in africa and asia,india continues to hold the biggest share in global rice trade.

India’s thrust on expanding port handling infrastructure, development of value chain involving key stakeholders along with efforts to explore new opportunities in countries or markets for rice exports in the last couple of years have led to a huge spike in rice exports.

Notwithstanding logistical challenges posed by COVID19 pandemic, India continues to expand its rice exports footprint in the African, Asian and European Union markets, thus having the largest share in global rice trade. The robust global demand also helped India’s growth in rice exports.

In 2020-21, India’s rice exports (Basmati and Non-Basmati) rose by a huge 87 per cent to 17.72 Million Tonne (MT) from 9.49 MT achieved in 2019-20.

In terms of value realisation, India’s rice exports rose by 38 per cent to USD 8815 million in 2020-21 from USD  6397 million reported in 2019-20. In terms of Rupees, India’s rice export grew by 44 per cent to Rs 65298 crore in 2020-21 from Rs 45379 crore in the previous year.

In the first seven months of the current financial year (2021-22), India’s rice exports rose by more than 33 per cent to 11.79 MT from 8.91 MT achieved during April-October, 2020-21 . It is anticipated that India’s rice exports in 2021-22 would likely surpass the record feet of 17.72 MT achieved in 2020-21.

In 2020-21, India shipped non-basmati rice to nine countries - Timor-Leste, Puerto Rico, Brazil, Papua New Guinea, Zimbabwe, Burundi, Eswatini, Myanmar and Nicaragua, where exports were carried out for the first time or earlier the shipment was smaller in volume.

India’s Non-Basmati rice exports was valued at USD  4796 million (Rs 35448crore) in 2020- 21, with Basmati Rice exports a close second at USD 4018 million (Rs 29,849 crore).

In terms of volume of Basmati rice exports in 2020-21, top ten countries – Saudi Arabia, Iran, Iraq, Yemen, United Arab Emirates, United States of America, Kuwait, United Kingdom, Qatar and Oman have a share of close to 80 per cent in total shipments of aromatic long grained rice from India.

Top ten countries – Nepal, Benin, Bangladesh, Senegal, Togo, Cote D Ivoire, Guinea, Malaysia, Iraq, United Arab Emirates – have a share of 57 per cent in India’s total exports of non-Basmati rice in 2020-21 in terms of volume.

The sharp spike in rice exports especially during a phase where globally the COVID19 pandemic has disrupted supply chainof many commodities, has been attributed to the government taking prompt measures to ensure exports of rice and other cereals while taking all the COVID19 related safety precautions.

“India continues to supply rice to the global market thus ensuring food security in many countries while many countries are stockpiling in anticipation of logistical disruption because of COVID19 pandemic,” saidDr M Angamuthu, Chairman, Agricultural and Processed Food Products Exports Development Authority (APEDA).

APEDA, which functions under the Ministry of Commerce and Industry, in collaboration with state governments as well as concerned stakeholders, have helped improving port handling facilities at Kakinada, Vishakhapatnam, Chennai, Mundra and Krishnapatnam and Paradip, thus boosting rice exports.

APEDA has been promoting rice exports through collaborations with various stakeholders in the value chains. The government had set up the Rice Export Promotion Forum (REPF), under the aegis of the APEDA. REPF has representatives from rice industry, exporters, officials from APEDA, Ministry of Commerce and Directors of Agriculture from major rice producing states including West Bengal, Uttar Pradesh, Punjab, Haryana, Telangana, Andhra Pradesh, Assam, Chhattisgarh and Odisha.

For boosting exports of quality production of aromatic and long grain Basmati rice, APEDA supported Basmati Export Development Foundation (BEDF) has taken innovative steps to sensitise farmers involved in the cultivation of Basmati rice in the key growing regions about adoption of good agricultural practises.

As part of the initiatives, BEDF in collaboration with the rice exporters associations of Punjab, Haryana, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Jammu & Kashmir and Delhi, state agriculture universities and state agriculture departments, organised 75 awareness and training programmes to encourage farmers for growing high-quality Basmati rice in the seven states. BEDF is also involved as technical partner for different FPOs, exporter associations, etc in Basmati rice growing states.

Through the awareness creation programme, farmers were informed that the Basmati rice cultivation is an Indian tradition and it is a collective responsibility to maintain this tradition as there is huge demand for Basmati rice in the global market. The farmers have been requested to get themselves registered on basmati.net through the State Agriculture Department. APEDA, through BEDF, has been assisting the state governments in promotion of Basmati rice cultivation.

“ We continue to focus on creating infrastructure for boosting exports by focusing on clusters in collaboration with state governments while taking into consideration aim of Agriculture Export Policy, 2018,” Angamuthu, Chairman, APEDA said.

APEDA has been engaged with State Governments for the implementation of Agriculture Export Policy. Maharashtra, U.P., Kerala, Nagaland, Tamil Nadu, Assam, Punjab, Karnataka, Gujarat, Rajasthan, Andhra Pradesh, Telangana, Manipur, Sikkim, Uttarakhand, M.P., Mizoram and Meghalaya have finalized the State specific Action Plan for exports while the action plans of other States are at different stages of finalization.

India’s rice exports trend

Source: APEDA, Quantity (million ton), * Apr-Oct , USD / Million

India’s top ten export destination for Basmati Rice (2020-21)

*% based on total volume of exports of 46.3 lakh tonne in 2020-21

India’s top ten export destination for Non-Basmati Rice (2020-21)

*% based on total volume of exports of 130.95 lakh tonne in 2020-21

Source: DGCIS

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India bans exports of some rice varieties: How this has impacted prices globally, in the country

What types of rice does india export which countries are the biggest buyers how is the export ban playing out.

rice export business plan in india

In July this year, India banned the export of non-basmati white rice amid depleting public stock in the Central pool, elevated cereal prices, and looming threat of the uneven monsoon.

The First Advance Estimates of major Kharif crops for 2023-24, released by the Ministry of Agriculture & Farmers’ Welfare on Friday, showed that the apprehensions regarding a dip in rice production were not untrue. The ministry has pegged rice production at 1063.13 Lakh Metric Tonnes (LMT) during Kharif 2023-24, 3.7 per cent lower than the 1105.12 LMT recorded in the same season last year.

rice export business plan in india

We take a look at how India’s rice restrictions have made an impact on supply, availability and prices in domestic as well as global markets over the months.

Has India’s restrictions fueled the prices of rice across the globe?

Soon after India banned the export of non-basmati white rice on July 20, there was a sharp jump in the price of rice across markets. In the following months, prices have come down, but are still higher than the pre-ban period.

As per the Rice Outlook of the Economic Research Service, US Department of Agriculture, “Over the past month, quotes for trading prices for most grades of regular (neither parboiled nor aromatic) whole-grain milled rice from Thailand decreased 5−6 percent, mostly due to a weaker baht. For the week ending October 10, Thailand’s 100-percent Grade B long-grain milled rice for export was quoted at $595 per ton, down $34 from the week ending September 12 but still up more than $60 per ton from early July, prior to India’s implementation of export restrictions in late July and August. Thailand’s price rose rapidly from late July through mid-August, primarily in response to India’s July export ban on regular-milled white rice.”

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Is there any impact on the domestic prices of rice?

There has been no respite from the increase in the prices of rice despite the export ban. As per the data available on the Agriculture Ministry’s UPAg portal, the daily average wholesale price of rice was recorded at Rs 5,800 per quintal on October 24, 2023, which was 27.43 per cent higher than a month ago (Rs 4,208.57 per quintal), 18.42 per cent higher compared with the price (Rs 4,731.32 per quintal) when the government announced the Open Market Sale Scheme (OMSS) on January 25, 5.82 per cent higher as compared to the price (Rs 5,462.06 per quintal) recorded when the government put in place export regulations on August 27, 2022, and 3.21 per cent higher as compared to the price (Rs 5,613.60 per quintal) a year ago.

The retail prices are also higher than last year. For instance, the daily average retail price of rice was recorded at Rs 42.80 per kg on October 24, which is 12.59 per cent higher than a year ago, and 11.72 per cent higher compared with the day the government put in place the export regulations.

On July 20, the day India banned the export of non-basmati white rice, the all-India daily average retail price of rice was recorded at Rs 40.89 per kg, which was 11.42 per cent higher than a year ago. The all-India average daily wholesale price of rice was recorded at Rs 3,587.34 per quintal on July 20, 11.95 per cent higher than a year ago.

How does India export rice? What is banned and what is not?

India is the biggest exporter of rice in the world. As per the United States Department of Agriculture (USDA), India accounted for about 40 per cent of the total rice exports (56 million tonnes) in the world during calendar year 2022. India’s rice exports are broadly categorised into basmati and non-basmati rice. The non-basmati rice category includes 6 sub-categories— rice in husk of seed quality; other rice in husk; husked (brown) rice; rice parboiled; non-basmati white rice; and broken rice. While the government has banned export of two sub-categories of broken rice and non-basmati white rice, there is no ban on the remaining four sub-categories.

Basmati Rice

In the financial year 2022-23, India’s basmati export stood at 45.61 lakh metric tonnes. Iran, Saudi Arabia, Iraq, UAE, and Yemen were the top 5 destinations of Indian basmati during 2022-23. In all, India exported basmati to 149 countries during the last financial year. During the first five months (April-August) of the current financial year (2023-24), the basmati rice export has reached 20 lakh metric tonnes.

Non-Basmati Rice

The non-basmati rice includes varieties like Sona Masuri and Jeera rice. In financial year 2022-23 (April-March), India exported 177.91 lakh metric tonnes of non-basmati rice, of which a maximum 78.48 lakh metric tonnes was parboiled rice, and it was followed by non-basmati white rice (64.01 lakh metric tonnes), and broken rice (30.49 lakh metric tonnes). The other three categories accounted for a lower quantity: other rice in husk (4.61 lakh metric tonnes); rice in husk of seed quality (19.68 thousand metric tonnes); and husked (brown) rice (11.65 thousand metric tonnes).

Non-basmati White Rice

Out of the 64.01 lakh metric tonnes of non-basmati white rice India exported during the last financial year, a maximum of 5.82 lakh metric tonnes was exported to Benin, followed by Madagascar (5.55 LMT), and Kenya (5.46 LMT). Cote D’ Ivoire, Mozambique, Vietnam, Angola, Togo and Nepal were other countries among the top 10 buyers of India’s non-basmati white rice. In all, India exported the non-basmati white rice to 142 countries during 2022-23. Most of these countries were poor, and were located in Africa.

In the first 5 months (April-August) of the current financial year (2023-24), 19.74 lakh metric tonnes of non-basmati white rice has been exported to 117 countries, with Kenya (4.12 lakh metric tonnes) topping the chart, followed by Mozambique (2.01 lakh metric tonnes, and Vietnam (1.53 lakh metric tonnes).

India’s non-basmati white rice exports stood at 52.19 lakh metric tonnes in 2021-22 and 42.34 lakh metric tonnes in 2020-21.

Before India banned the export of non-basmati white rice, 86-88 countries, mostly low-income economies, were buying over 4 lakh metric tonnes of this category of rice from New Delhi every month during April-June, 2023. However, when New Delhi banned exports, the quantity of grain shipped out marginally declined to 3.8 lakh metric tonnes in July. It crashed in the following month—August (0.39 lakh metric tonnes). The number of countries importing Indian non-basmati white rice declined to 25.

Notwithstanding the ban, non-basmati white rice export is allowed on the basis of “permission granted by the Government of India to other countries to meet their food security needs and based on the request of their Government.”

Broken Rice

Before India banned export of broken rice in September last year, every month, 40 countries imported over 4 lakh tonnes of broken rice from India. After New Delhi banned the export of broken rice on September 9, 2022, the number of countries declined to 21 in September, and to 6 in October.

In the financial year 2022-23, India’s broken export stood at 30.49 lakh metric tonnes, of which a maximum 12.80 lakh metric tonnes was exported to China, followed by Senegal (10.26 lakh metric tonnes), and Indonesia (1.94 lakh metric tonnes).

Par-boiled Rice

The dictionary meaning of ‘parboil’ is ‘partly cooked by boiling’. Thus, the term par-boiled rice refers to the rice that has been partially boiled in paddy form before milling. There is no ban on export of this category of rice from India. In 2022-23, India exported 78.48 lakh metric tonnes of par-boiled rice to 131 countries. Benin (9.69 lakh metric tonnes), Bangladesh (7.26 lakh metric tonnes), Guinea (7.07 lakh metric tonnes), Côte D’ Ivorie (6.97 lakh metric tonnes), and Togo (6.89 lakh metric tonnes) were the top five importers of the Indian par-boiled rice in the last financial year.

In the first five months (April-August) of the financial year 2023-24, 37.72 lakh metric tonnes of par-boiled rice has been exported, which is 19.28 per cent higher than 31.62 lakh metric tonnes in the same period last year. In the current financial year, Benin, Guinea, Togo, Somalia and Vietnam are the top five buyers of Indian par-boiled rice.

Husked (Brown) Rice

The husked (brown) rice is the type of rice from which only the husk has been removed, while the brown rice is unpolished rice. A quantity of 11,656.86 metric tonnes of husked (brown) rice was exported from India during the financial year 2022-23, which was 76.80 per cent lower than the quantity (50,249 metric tonnes) exported in the year 2021-22. Netherlands, UK, USA, Saudi Arabia, and Canada were top 5 buyers of this category of rice during the last financial year. In the first five months of the current financial year, only 7,146 metric tonnes of husked (brown) rice have been exported.

Rice in Husk of Seed Quality

In the financial year 2022-23, a quantity of 19,681 metric tonnes of ‘rice in husk of seed quality’ was exported. In the first five months of the current financial year, the export of this category of rice stood at 10,697 metric tonnes.

Other Rice in Husk

India exported a quantity of 4.61 lakh metric tonnes of ‘Other Rice in Husk’ during 2022-23, of which almost 99 per cent went to Nepal. In the current financial year, a quantity of 2.02 lakh metric tonnes of this category of rice during the first five months. Of this ,almost the entire quantity has been exported to Nepal.

Rice procurement, requirement

Total production of rice during 2022-23 is estimated to be at a record 1357.55 lakh tonnes. It is higher by 62.84 lakh tonnes than previous year’s Rice production of 1294.71 lakh tonnes and by 153.65 lakh tonnes than the last five years’ average production of 1203.90 lakh tonnes.

Procurement is on for the kharif marketing season (KMS) 2023-24. A quantity of 56.04 lakh metric tonnes of paddy has been procured from 8 states— Chhattisgarh , Haryana, Himachal Pradesh, Punjab, Tamil Nadu, Uttar Pradesh, Uttarakhand, and West Bengal.

Under the National Food Security Act, 2013, the monthly requirement (allocation) of rice is about 32 lakh tonnes. Taking into consideration other welfare schemes including ICDS, PM-Poshan, the monthly requirement is 35 lakh metric tonnes.

Rice Stocks in the Central Pool

As per the Food Corporation of India, a stock of 221.87 lakh metric tonnes of rice is available in the Central Pool as on October 1, 2023. In addition to this, a stock of 138.36 lakh metric tonnes of unmilled paddy (equal to 92.70 lakh metric tonnes of rice) is also available in the Central Pool, taking the total rice stock to 314.57 lakh metric tonnes.

Harikishan Sharma

Harikishan Sharma, Senior Assistant Editor at The Indian Express' National Bureau, specializes in reporting on governance, policy, and data. He covers the Prime Minister’s Office and pivotal central ministries, such as the Ministry of Agriculture & Farmers’ Welfare, Ministry of Cooperation, Ministry of Consumer Affairs, Food and Public Distribution, Ministry of Rural Development, and Ministry of Jal Shakti. His work primarily revolves around reporting and policy analysis. In addition to this, he authors a weekly column titled "STATE-ISTICALLY SPEAKING," which is prominently featured on The Indian Express website. In this column, he immerses readers in narratives deeply rooted in socio-economic, political, and electoral data, providing insightful perspectives on these critical aspects of governance and society. ... Read More

Emraan Hashmi's son Ayaan Hashmi was diagnosed with cancer in 2014

Emraan Hashmi endured a challenging period in his personal life when his son, Ayaan Hashmi, was diagnosed with first-stage cancer in 2014. In a recent interview, Emraan shared a pragmatic piece of advice offered by Mahesh Bhatt, which helped him navigate his career while fulfilling his responsibilities towards his son.  

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India expands curbs on rice exports with 20% duty on parboiled grade

Labourers unload rice bags from a supply truck at India's main rice port at Kakinada Anchorage

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INDIA, the world’s top rice exporter, extended a tax on outbound shipments of the parboiled variety to prevent any increase in domestic prices ahead of general elections.

The 20 per cent export levy, which was due to expire on Mar 31, will be valid for an indefinite period, according to a finance ministry notification late Wednesday (Feb 21), confirming a Bloomberg News report earlier this month.

With elections just a few months away, the government of Prime Minister Narendra Modi is worried about rising food prices which make up about half of India’s consumer price basket. Food inflation was 8.3 per cent in January.

The move by the world’s second-biggest rice grower will continue to squeeze global supplies and boost international prices. That would be a blow to some countries in West Africa and the Middle East that rely on India for most of their requirements of the food staple.

Parboiled rice, which accounted for about 30 per cent of India’s total exports before the curbs, is the result of a process that involves partial boiling of paddy before milling to boost its nutritional values and change the texture of cooked rice. The South Asian nation had a share of about 40 per cent in the global rice trade in 2022 to 2023. BLOOMBERG

Tight supplies, improved demand push India rice rates to fresh records

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Food prices, india’s rice rates steady at record highs, vietnam activity picks up, indonesia president says rice prices will decrease soon on incoming supply, indonesia’s january drought points to lower rice harvest, higher imports.

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Vietnam rice activity and export picking up but India rates steady at record highs

Saturday, 17 Feb 2024

HANOI (Reuters): Rates of parboiled rice exported from India held record high levels hit this week even as demand was subdued from African buyers, while Vietnam saw increased trading activity after the holiday period.

India's 5% broken parboiled variety was quoted at a record US$542 to US$550 per ton this week, unchanged from last week when limited supplies pushed prices to a record high.

"African buyers are having a tough time swallowing these higher prices. They're hitting the pause button for now," said a Mumbai-based exporter.

Pakistan's rice exports are likely to jump to a record high in the year ending in June as rival India's decision to curb its own shipments forces buyers to purchase more from Islamabad, which is offering the grain at nearly 16-year-high prices.

In Vietnam, 5% broken rice was offered at US$637-$640 per metric ton, compared with the US$635-$640 range before the holiday, traders said.

Trading activities became more robust after a week-long Lunar New Year or Tet break.

"Supplies are stronger after Tet, both buying and selling activities picked up," said a trader based in the rice bowl of Mekong Delta.

Thailand's 5% broken rice prices were quoted at $610 per ton, sliding down from last week's prices of $630, tracking a weaker baht.

There is a downwards pressure on prices, said a Bangkok-based trader, adding Thailand did not participate in the Indonesian auction and that new supply would gradually come out next month.

Demand was very thin and internal prices have also fallen, another trader said.

Traders expect Thai prices to continue following a downward trend. - Reuters

Tags / Keywords: Vietnam , Rice , Export , Good Business , Climbing

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First Published: Feb 22 2024 | 8:51 PM IST

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IMAGES

  1. Profitable Rice Export Business to Foreign Market from India

    rice export business plan in india

  2. How to Start Rice Export Business In India? by Jacky John

    rice export business plan in india

  3. How To Export Rice From India

    rice export business plan in india

  4. Begin your profitable Basmati Rice Export Business in India

    rice export business plan in india

  5. How to Start Rice Export Business in India?

    rice export business plan in india

  6. PPT

    rice export business plan in india

COMMENTS

  1. How to Start Rice Export Business in India?

    Yash Khurmi | January 22, 2022 | Company Formation, FSSAI, Import Export Rice Export Business in India is highly profitable. Rice is one of the most grown crops in India and it is also one of the primary demands of foreign nations.

  2. Guide to Start a Rice Export Business in India

    1. Establishing an organization It is the first step in building an organization to have a brand name and logo that appeal to the international market. Establishing the ownership of a firm, whether a sole proprietorship, a joint family business, a partnership, etc., is necessary. 2. Bank Account

  3. Rice Export Company Business Plan [Sample Template]

    1. Industry Overview Players in the rice export industry primarily export well processed and bagged rice from one country to another. The bags of rice are placed in containers or trucks and then they are shipped or transported via sea or land borders to the expected country.

  4. How do I start a rice export business in India?

    An import and export company can be established as a sole proprietorship, partnership business, trust, or LLP. Once you've made a decision, your business must be registered. The registration procedure takes about 20 days to complete. You will receive a PAN number once the firm has been registered. This will reach you in fewer than 40 days.

  5. How to Start the Rice Export Business in India?

    31 January 2024 5,507 4 mins read An export company, like other businesses in India, is expected to undergo certain mandatory registrations and pursue certain licenses. Once the required registrations are done, the company can start taking orders for exporting. Overview

  6. How To Export Rice From India

    Process Of Exporting Rice From India. Below steps are essential for starting rice export business in India. Registered A Firm - You need to register a company in order to export from India. Company registeration process is very simple and could take around 20 days. After registration, you have to apply for company PAN.

  7. A step-by-step guide on how to start rice export business in India

    1. Building an organisation Setting up a complete company with a creative name and logo that appeals to the international market is the first step in building an organisation. Documenting the ownership of the firm, whether sole, joint family, partnership, etc., must be ascertained. 2. Bank Account

  8. The Dynamics of Rice Export from India: Trends and Insights

    Introduction Rice, the quintessential staple of Indian diets, plays an even more crucial role in the nation's economy as a major export commodity. With a rich agricultural heritage, India has capitalized on its diverse climate and fertile lands to emerge as a leading rice exporter.

  9. Rice business in India: Scope, licenses, and Benefits

    Thus, setting up a Rice Business could be a winning proposition for anyone seeking a stable source of revenue. One can enter into the rice business in any form such as wholesale, retailing, production, farming, and export. Each form seeks different licenses and government-based registrations. In this write-up, we will talk about the legality ...

  10. Succeeding with a Rice Business In India

    Nagaraja 14 February 2024 13,954 5 mins read From rice farming to retail rice selling, several opportunities are waiting to be exploited in the evergreen rice industry. This article outlines the A to Z of starting a rice business in India, don't miss out on leveraging it.

  11. Export Rice From India: Concept and Licenses Required

    However, a format that is the best for starting a business that export rice from India is Limited Liability Partnership, as it provides the privileges of both Private Limited Company and Partnership Firm. Import Export Code . Another most important license required to export rice from India is Import Export Code.

  12. How to Start a Rice Business in India?

    Key Takeaways Obtain the necessary licenses and permits, including business registration and a food safety license (FSSAI), to start a rice business in India. Establish reliable channels to source high-quality paddy for your rice mill, such as partnering with local farmers or agricultural cooperatives.

  13. India Rice Export: Why India holds the key to global rice market

    India's rice exports touched a record 21.5 million tonnes in 2021, more than the combined shipments of the world's next four biggest exporters of the grain: Thailand, Vietnam, Pakistan and the United States. India, the world's biggest rice consumer after China, has a market share of more than 40% of the global rice trade. Reuters

  14. Export Business in India

    India exports several products such as diamonds, rice, non-retail pure cotton yarn, synthetic reconstructed jewellery stones and pepper. India's economy continues to grow at a steady pace, making it an ideal time for you to start an export business in India. Tips to start an export business in India Identify the niche

  15. Top Rice Exporters In India 2023

    1.KRBL Limited. When it comes to rice exporting business, KRBL tops it. The 120-year-old company has been exporting rice ever since 1889. KRBL Ltd. is India's first integrated rice company, which has its whole product chain. The years of experience have taught KRBL to master the art of perfecting Basmati rice grain.

  16. India's rice exports: What's fuelling the dominance?

    Under non-basmati rice exports, Rice (parboiled) led India's exports with a value of US$ 2.12 billion during Apr-Dec 2022-23, growing by 0.4% YoY. Top markets were Benin, Cote D Ivore and Bangladesh. Total exports of non-basmati from India was recorded at US$ 4.66 billion during the period, growing by 3.34% YoY.

  17. India rice export ban, explained

    02:41 - Source: CNN. New York CNN —. Last month, the Indian government announced an abrupt ban on exporting non-basmati white rice, which includes varieties favored by South Indian communities ...

  18. Rice market in India

    Business Plan Export; Statista R; DE; ES; FR; ... Rice exports from India India was the world's largest rice exporter, followed by Thailand and Vietnam. The export of rice other than the basmati ...

  19. Press Information Bureau

    India's rice exports trend Source: APEDA, Quantity (million ton), *Apr-Oct, USD / Million India's top ten export destination for Basmati Rice (2020-21) *% based on total volume of exports of 46.3 lakh tonne in 2020-21 India's top ten export destination for Non-Basmati Rice (2020-21)

  20. India bans exports of some rice varieties: How this has impacted prices

    Before India banned the export of non-basmati white rice, 86-88 countries, mostly low-income economies, were buying over 4 lakh metric tonnes of this category of rice from New Delhi every month during April-June, 2023. However, when New Delhi banned exports, the quantity of grain shipped out marginally declined to 3.8 lakh metric tonnes in July.

  21. India continues to top in global rice exports despite govt curbs

    Photo: K.V.S. Giri/ THE HINDU. India continued to be the world's top rice exporter in 2023 despite banning shipments of white rice and imposing a 20 per cent duty on parboiled rice, according to ...

  22. India expands curbs on rice exports with 20% duty on parboiled grade

    MUMBAI, Aug 25 (Reuters) - India has imposed a 20% duty on exports of parboiled rice with immediate effect, a move that could further reduce shipments from the world's largest exporter and lift ...

  23. Government extends 20% export duty on parboiled rice, zero-duty import

    In June 2023, it banned exports of white rice and later imposed a 20 per cent duty on parboiled rice. Despite the curbs, India topped rice exports in 2023, with 16.5 million tonnes being shipped ...

  24. India extends parboiled rice export tax to control prices

    Rice. INDIA, the world's top rice exporter, extended a tax on outbound shipments of the parboiled variety to prevent any increase in domestic prices ahead of general elections. The 20 per cent export levy, which was due to expire on Mar 31, will be valid for an indefinite period, according to a finance ministry notification late Wednesday ...

  25. India Extends Export Duty on Parboiled Rice, Imports of ...

    The Indian government has extended the 20% export duty on parboiled rice beyond March 31, aiming to maintain local stock and stabilise domestic prices. Additionally, duty-free import of yellow peas has been extended, contingent upon the issuance of the bill of landing by April 30, 2024. Get more India News and Business News on Zee Business.

  26. Vietnam rice activity and export picking up but India rates steady at

    Saturday, 17 Feb 2024. 6:59 PM MYT. HANOI (Reuters): Rates of parboiled rice exported from India held record high levels hit this week even as demand was subdued from African buyers, while Vietnam ...

  27. Make 'Amul' world's largest dairy company, says PM ...

    India's Export of Dairy products: A co-operative which started in FY1973-74, already saw its revenue at Rs 72,000 crore in FY23 and exports its products to more than 50 countries ... US, EU criticise India's rice export ban, request immediate resumption. India faces queries from WTO on PMGKAY extension and rice export ban. SpiceJet raises ...