Rice exporters now look at Kakinada as key sourcing belt

  • 17/07/2011

  • Business Line (New Delhi)

Rice traders are looking at the Kakinada belt of Andhra Pradesh as the main sourcing point to ship out non-basmati grain, following the Empowered Group of Ministers' (EGoM) decision to allow up to 10 lakh tonnes (lt) of export. According to trade sources, double-polished parboiled rice with five per cent broken content is available within 100 km of Kakinada port today at about Rs 17,000 a tonne. Adding various expenses of around Rs 3,500