Telangana State in India is exploring new export markets for its surplus rice stocks.
The State has signed a memorandum of understanding with a Southeast Asian nation for the export of 10 lakh tonnes (1 million tonnes) of coarse rice annually.
Coarse rice varieties such as MTU-1010 and IR-64, grown in Telangana, are in high demand in the Philippines.
The Telangana Government aims to tap premium markets, such as the Philippines, to obtain better prices compared to the domestic market.