For the first time in over three decades, China is importing rice from India due to tightening supplies. Additionally, India is also offering rice at a sharply discounted price, according to a report published in an international daily.
China is the world’s largest importer of rice while India is the world’s largest exporter of rice. However, China has avoided purchasing rice from India, citing quality issues.
This trade comes at a time when political tensions between the two states remain tense over the border disputes in the Himalayas.
A senior official from the Rice Exporter Association of India said China may even increase the quantity next year after seeing the quality of Indian rice.
Officials from the industry also added that Indian traders have been contracted to export 1,00,000 tonnes of broken rice between December and February at around $300 (approximately Rs 22,149) per tonne.
China usually gets its supply of rice from Thailand, Vietnam, Myanmar, and Pakistan, however, these countries have limited surplus supplies for export and are quoting at least $30 (approximately Rs 2,212) more per tonne compared to Indian prices.