The country’s rice exports is likely to reduce by 0.5-1 million tonne (mt) in the current financial year due to a possible reduction in imports by Bangladesh. In last financial year, the country’s exports increased nearly 18 percent year-on-year to 12.7 mt in FY18, due to increased demand for non-basmati rice from Bangladesh, Africa and Sri Lanka. The imports by Bangladesh are likely to reduce in 2018-2019, as its domestic output rebounds due to a crop recovery and expansion in area sown because of high prices in 2017. India’s exports could reduce by 0.5 mt to 1 MMT. The country’s exports may also reduce barring a recurrence of floods in Bangladesh, in light of the heavy pre-monsoon rains