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India`s rice area grows on higher prices, cotton sowing lags Indian farmers have planted 39.8 million hectares (98.3 million acres) with rice, up 3.7% on the same period last year, farm ministry data showed on Friday, as record high prices prompted farmers to expand the area. Higher rice planting could alleviate supply concerns in the world's second biggest producer and consumer of the grain. India surprised buyers in July by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last ye...
India`s rice area grows on higher prices, cotton sowing lags
India`s rice area grows on higher prices, cotton sowing lags
Source: Reuters
2/09/2023 3:56:13 PM
India exempts Singapore from rice export ban due to `close strategic partnership`   India has agreed to exempt Singapore from its ban on rice exports owing to “very close strategic partnership”, the External Affairs Ministry said. "India and Singapore enjoy a very close strategic partnership, characterised by shared interests, close economic ties and strong people to people connect. In view of this special relationship, India has decided to allow export of rice to meet the food security requirements of Singapore," Ministry spokesperson Arin...
India exempts Singapore from rice export ban due to `close strategic partnership`
India exempts Singapore from rice export ban due to `close strategic partnership`
Source: IANS
30/08/2023 2:51:51 PM
Indian rice shipments of 500,000 tons postponed after new duty- exporters India's move to impose a 20% duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around 500,000 metric tons to after mid-October to avoid paying the tax, three leading exporters told Reuters on Tuesday. The delay in shipments from the world's biggest exporter of rice could deplete inventories in importers such as Benin, Ghana, Côte d'Ivoire, and Liberia, and boost local prices in those countries, which are already near multi-year hig...
Indian rice shipments of 500,000 tons postponed after new duty- exporters
Indian rice shipments of 500,000 tons postponed after new duty- exporters
Source: Reuters
29/08/2023 4:42:06 PM
Government decides not to allow basmati rice exports below $1,200 per tonne The government on Sunday said that it has decided not to allow exports of basmati rice below $1,200 per tonne to restrict possible “illegal” shipment of white non-basmati rice in the garb of premium basmati rice. In a statement, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below $1,200 per tonne. Existing contracts below $1,200 per tonne have been kept in abeyance. A committee under the chairman of APEDA will be set up to...
Government decides not to allow basmati rice exports below $1,200 per tonne
Government decides not to allow basmati rice exports below $1,200 per tonne
Source: IANS
27/08/2023 4:57:30 PM
India expands curbs on rice exports with 20% duty on parboiled grade 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 global rice prices, which are already trading near their highest levels in 12 years. Last month, India surprised buyers by imposing a ban on exports of widely consumed non-basmati white rice, following a ban on broken rice exports last year. The ban prompted some buyers to increase purchases of parboiled rice and lifte...
India expands curbs on rice exports with 20% duty on parboiled grade
India expands curbs on rice exports with 20% duty on parboiled grade
Source: Reuters
26/08/2023 9:47:26 AM
521 LMT rice estimated for procurement during forthcoming kharif season  A quantity of 521.27 lakh metric tonnes (LMT) of rice has been estimated for procurement during the forthcoming kharif season of 2023-24 as against the previous year estimates of 518 LMT, wherein 496 LMT was actually procured during last kharif season of 2022-23. A quantity of 33.09 LMT of coarse grains or millets has also been estimated for procurement by the states during the 2023-24 season as against actual procurement of 7.37 LMT during last season. This was discussed during a...
521 LMT rice estimated for procurement during forthcoming kharif season
521 LMT rice estimated for procurement during forthcoming kharif season
Source: IANS
23/08/2023 2:07:44 PM
India not planning to restrict parboiled rice exports - food secretary India is not considering imposing any restrictions on the exports of non-basmati parboiled rice, Food Secretary Sanjeev Chopra said on Tuesday. Last month, India surprised buyers by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year. Currently, there are no restrictions on the exports of parboiled rice, which constitutes nearly a third of India's total rice exports.
India not planning to restrict parboiled rice exports - food secretary
India not planning to restrict parboiled rice exports - food secretary
Source: Reuters
22/08/2023 12:12:44 PM
Lower rice and pulses sowing has pushed prices higher Deficient rainfall, and consequently lower rice and pulses sowing, has pushed prices higher. Rice constitutes around 4.4 per cent and pulses has a weight of 6 per cent in the overall CPI basket, Motilal Oswal Financial Services said in a report. Deficient monsoon in states (with 24 per cent share), such as Uttar Pradesh (14 per cent below normal), Karnataka (10 per cent below normal), Andhra Pradesh (9 per cent below normal), and Jharkhand (37 per cent below normal) coupled with large exce...
Lower rice and pulses sowing has pushed prices higher
Lower rice and pulses sowing has pushed prices higher
Source: IANS
14/08/2023 1:53:08 PM
India`s largest basmati rice exporter KRBL posts Q1 profit growth on steady demand KRBL, India's largest exporter of branded basmati rice, on Thursday said its first-quarter profit rose 18.90% on steady demand for its India Gate basmati rice and strong export prices. The company's consolidated net profit rose to 1.95 billion rupees ($23.59 million) for the quarter ended June 30, from 1.64 billion rupees a year ago, it said in an exchange filing. Total revenue from operations rose 15.15% to 14.14 billion rupees, while revenue from its mainstay agricultural segment...
India`s largest basmati rice exporter KRBL posts Q1 profit growth on steady demand
India`s largest basmati rice exporter KRBL posts Q1 profit growth on steady demand
Source: Reuters
10/08/2023 5:20:20 PM
Rice prices soar to highest levels in almost 15 years in Asia Rice prices soared to the highest levels in almost 15 years in Asia on mounting concerns over global supplies as dry weather threatens production in Thailand and after top shipper India banned some exports, media reports said. Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008, according to data from the Thai Rice Exporters Association, Bloomberg reported. That brings the increase in prices to almost 50 per cent in the pa...
Rice prices soar to highest levels in almost 15 years in Asia
Rice prices soar to highest levels in almost 15 years in Asia
Source: IANS
10/08/2023 9:10:58 AM
India`s rice export ban could hit planting, farm income -farmers`body Rice planting in India could fall by 5% as New Delhi's decision to ban non-basmati white rice exports will cut farm income and encourage growers to switch to other crops, a leading farmers' group with close ties to the ruling Bharatiya Janata Party said.    The world's biggest rice exporter - accounting for more than 40% of global supplies of the staple - last month ordered a halt to non-basmati white rice exports, driving prices to multi-year highs. "The...
India`s rice export ban could hit planting, farm income -farmers`body
India`s rice export ban could hit planting, farm income -farmers`body
Source: Reuters
8/08/2023 5:13:11 PM
LT Foods soars as arm starts new facility in Uganda LT Foods soars as arm starts new facility in Uganda Aug-07-2023   09:45 Hrs IST LT Foods is currently trading at Rs. 178.80, up by 5.15 points or 2.97% from its previous closing of Rs. 173.65 on the BSE. The scrip opened at Rs. 171.05 and has touched a high and low of Rs. 178.95 and Rs. 171.05 respectively. So far 2838 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 194.15 on 01-Aug-2023 and a 52 we...
LT Foods soars as arm starts new facility in Uganda
LT Foods soars as arm starts new facility in Uganda
Source: Accord Fintech
7/08/2023 9:59:08 AM
Robust rains accelerate rice planting in India Indian farmers have planted 28.3 million hectares (69.9 million acres) with summer-sown rice, according to the farm ministry's latest data, up 3.28% from the same period last year, as robust monsoon rains encouraged the expansion of acreage. Higher rice planting in India, the world's second-biggest producer of the grain, will ease concerns about lower output of the staple. India late last month ordered a halt to its largest rice export category a move that will roughly halve shi...
Robust rains accelerate rice planting in India
Robust rains accelerate rice planting in India
Source: Reuters
6/08/2023 9:02:15 AM
Global rice price index at highest since 2011 after India restricts exports The UN's Food and Agriculture Organization's (FAO) All Rice Price Index increased by 2.8 prcent on the month and 19.7 percent on the year to reach its highest nominal level since September 2011, as India’s 20 July prohibition of non-parboiled Indica exports fostered expectations of greater sales in other origins, amplifying upward pressure already exerted on prices by seasonally tighter supplies and Asian purchases. This upward pressure of rice prices “raises substantia...
Global rice price index at highest since 2011 after India restricts exports
Global rice price index at highest since 2011 after India restricts exports
Source: IANS
5/08/2023 1:03:02 PM
World rice price index jumps to near 12-year high in July -FAO The United Nations food agency's rice price index rose 2.8% in July from a month ago to their highest level in nearly 12 years as prices in key exporting countries jumped on strong demand and India's move to curb the exports, the agency said on Friday. The Food and Agriculture Organization's (FAO) All Rice Price Index, which tracks prices in key exporting countries, averaged 129.7 points in July against 126.2 points for the previous month, the agency said. The July score was...
World rice price index jumps to near 12-year high in July -FAO
World rice price index jumps to near 12-year high in July -FAO
Source: Reuters
4/08/2023 7:20:03 PM
Exclusive-India rice stocks at three times target, easing supply concerns India's rice stocks were at nearly three times its target at the start of August, two government sources in the world's second biggest producer country said on Thursday. Coupled with the new season crop that is due to start trickling into the market by October, the surplus will raise market hopes of New Delhi relaxing a recent export ban. The world's biggest rice exporter last month ordered a surprise halt to non-basmati white rice exports, its largest category, driving pric...
Exclusive-India rice stocks at three times target, easing supply concerns
Exclusive-India rice stocks at three times target, easing supply concerns
Source: Reuters
3/08/2023 5:31:37 PM
Vietnam food Association official says no immediate plan to curb rice exports Vietnam has no immediate plans to restrict its rice exports, a senior official of the country's food association said on Monday, after India's export curbs sparked worries about global supplies of the staple. "At the moment, Vietnamese companies are exporting rice normally," said the official of Vietnam Food Association, which represents the country's rice processors and exporters and works closely with the government, under condition of anonymity. India, which acc...
Vietnam food Association official says no immediate plan to curb rice exports
Vietnam food Association official says no immediate plan to curb rice exports
Source: Reuters
31/07/2023 5:56:59 PM
India basmati rice exporters get requests for early shipments Indian rice exporters have been receiving requests from buyers to advance shipments of basmati rice after New Delhi banned exports of non-basmati white rice to dampen local prices, industry officials told Reuters. The world's biggest exporter of rice surprised buyers earlier this month by imposing a ban on exports of non-basmati white rice after retail rice prices climbed 3% in a month after late but heavy monsoon rains caused significant damage to crops. "Buyers are requesting...
India basmati rice exporters get requests for early shipments
India basmati rice exporters get requests for early shipments
Source: Reuters
31/07/2023 4:07:55 PM
India`s rice planting gathers pace as monsoon rains revive Indian farmers have planted 23.7 million hectares with summer-sown rice so far, according to the farm ministry's latest data, up 1.71% year-on-year, as crucial monsoon rains revived in July and helped farmers accelerate sowing. Higher rice planting in India, the world's second biggest producer of the grain, will ease concerns about the lower output of the staple. Earlier this month, India ordered a halt to its largest rice export category - a move that will roughly halve shipmen...
India`s rice planting gathers pace as monsoon rains revive
India`s rice planting gathers pace as monsoon rains revive
Source: Reuters
29/07/2023 12:24:03 PM
India's rice export curbs put contracts for 2 million tons at risk - trade India's decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth $1 billion, on the world market, dealers said on Friday. India, which accounts for 40% of world rice exports, on Thursday ordered a halt to its largest rice export category to calm domestic prices, which climbed to multi-year highs in recent weeks as erratic weather threatens production. Anticipating that the government would impose re...
India's rice export curbs put contracts for 2 million tons at risk - trade
India's rice export curbs put contracts for 2 million tons at risk - trade
Source: Reuters
21/07/2023 7:10:57 PM
India may continue supply interventions to curb food inflation - Nomura The Indian government may continue with supply-side interventions, such as the recent restriction on exports of non-basmati white rice, to curb a resurgence in food inflation, economists at Nomura said in a note. Soaring prices of vegetables and already-high prices of cereals are seen pushing inflation above 5.5% in the July-September quarter and could keep the central bank on guard, economists have said. "We expect continued supply-side interventions, with inflation likely to be a...
India may continue supply interventions to curb food inflation - Nomura
India may continue supply interventions to curb food inflation - Nomura
Source: Reuters
21/07/2023 4:16:00 PM
Rice prices set to climb further after India export ban, trade at standstill Asian rice trade paused on Friday to digest the previous day's ban by India, by far the world's biggest supplier, of a major share of its exports of the staple, with prices expected to climb substantially in coming days, three traders said. India, which accounts for 40% of world rice exports, on Thursday ordered a halt to its largest rice export category to reduce domestic prices, which have climbed to multi-year highs in recent weeks as erratic weather threatens production. &qu...
Rice prices set to climb further after India export ban, trade at standstill
Rice prices set to climb further after India export ban, trade at standstill
Source: Reuters
21/07/2023 10:45:49 AM
India imposes major rice export ban, triggering inflation fears India on Thursday ordered a halt to its largest rice export category in a move that will roughly halve shipments by the world's largest exporter of the grain, triggering fears of further inflation on global food markets. The government said it was imposing a ban on non-basmati white rice after retail rice prices climbed 3% in a month after late but heavy monsoon rains caused significant damage to crops. India accounts for more than 40% of world rice exports, and low inventories with...
India imposes major rice export ban, triggering inflation fears
India imposes major rice export ban, triggering inflation fears
Source: Reuters
21/07/2023 9:42:45 AM
Deficient rainfall, lower sowing to push rice prices higher Deficient rainfall, and consequently lower sowing, will push rice prices higher, Motilal Oswal Financial Services said in a report. The report said that rising global rice prices would further push local prices up, adding that rice constitutes around 4.4 per cent of the overall CPI basket. A deficient monsoon in major rice-producing states (with 49 per cent share), such as West Bengal (11 per cent below normal), Uttar Pradesh (2 per cent), Andhra Pradesh (22 per cent), Odisha (25 per ce...
Deficient rainfall, lower sowing to push rice prices higher
Deficient rainfall, lower sowing to push rice prices higher
Source: IANS
10/07/2023 12:00:15 PM
Despite imposition of stock limit, wheat prices see percentage rise Despite the Centre having imposed stock limit on wheat to control its price rise earlier this month, there has been a percentage increase in its prices in the last 10 days, which may make common man's meal costlier. The Central government had imposed a stock limit on wheat on June 12, however its efforts don't seem to have borne much fruit. On June 7, wheat was being sold at Rs 2,302 per quintal, however, after stock limit was imposed on June 12, its prices had come down by two ...
Despite imposition of stock limit, wheat prices see percentage rise
Despite imposition of stock limit, wheat prices see percentage rise
Source: IANS
23/06/2023 12:08:15 PM
India approves wheat, broken rice exports requests from 4 countries India has decided to approve wheat and broken rice exports to few selected countries following their requests to allow the shipments of the grains, the government said in two separate notifications issued late on Tuesday. The South Asian country banned exports of wheat and broken rice in 2022 to lower local prices. But following requests, India would allow broken rice exports to Indonesia, Senegal and Gambia in 2023/24 financial year started on April 1. New Delhi also approved reques...
India approves wheat, broken rice exports requests from 4 countries
India approves wheat, broken rice exports requests from 4 countries
Source: Reuters
21/06/2023 12:20:37 PM
Centre discontinues rice, wheat sale under open market scheme to curb price rise  The Centre has decided to discontinue the sale of rice and wheat from the central pool under the Open Market Sale Scheme (OMSS) to state governments. The step has been taken to control the prices of these commodities. However, it may impact states which are offering free food grains to the poor. An order issued by the Food Corporation of India (FCI) said: "The sale of wheat and rice under the OMSS (domestic) to state governments is discontinued." However, the sale of ...
Centre discontinues rice, wheat sale under open market scheme to curb price rise
Centre discontinues rice, wheat sale under open market scheme to curb price rise
Source: IANS
15/06/2023 9:59:26 AM
India to extend rice export curbs to ensure domestic price stability, supply - Government Sources India does not plan to lift a ban on broken rice exports and cut a 20% tax on overseas shipments of white rice as the world's biggest exporter of the grain tries to keep a lid on domestic prices, two government sources said on Thursday. New Delhi's rice export curbs will force buyers, especially in Asia and Africa, to pay more for the staple that has become expensive in the last few weeks. India banned overseas shipments of broken rice and imposed a 20% duty on exports of variou...
India to extend rice export curbs to ensure domestic price stability, supply - Government Sources
India to extend rice export curbs to ensure domestic price stability, supply - Government Sources
Source: Reuters
23/02/2023 2:28:06 PM
Digitally transforming agriculture India's agriculture sector has continued to grow in leaps and bounds, especially in terms of output- driven by a rising population and increasing external demand. In 2022 alone, the country covered almost half of the global rice market. The country is also one of the largest producers of spices, milk, and pulses in the world and has the largest dedicated land for rice, wheat, and cotton in the world. But, transforming the Indian Agri space to make the country a global leader in food produ...
Digitally transforming agriculture
Digitally transforming agriculture
Source: IANS
26/01/2023 12:46:44 PM
`Procurement and free distribution of rice/wheat reduced wealth inequality during Covid in India' The Covid-19 pandemic is a leveller with the poor being protected through food transfers and other support measures while there was a decline in the income of the rich, said a top economist of State Bank of India (SBI). In a research report, Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI, citing a study (Gupta et.all, NBER, Dec 2021) said in India innequality declined during the pandemic. "In fact, the NBER study concludes that there was decline in income of the rich att...
`Procurement and free distribution of rice/wheat reduced wealth inequality during Covid in India'
`Procurement and free distribution of rice/wheat reduced wealth inequality during Covid in India'
Source: IANS
9/01/2023 3:18:48 PM
Punjab ranks second in average monthly income per agricultural household: Centre Punjab ranks second in the country in average monthly income per agricultural household. This fact came to light in a data provided by Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar in the ongoing session of Rajya Sabha. The minister was replying to a question by Aam Aadmi Party's Rajya Sabha member Sanjeev Arora. As per information, Meghalaya tops across the country with average monthly income per agricultural household (Rs 29,348). Punjab (Rs 26,701) is ...
Punjab ranks second in average monthly income per agricultural household: Centre
Punjab ranks second in average monthly income per agricultural household: Centre
Source: IANS
17/12/2022 4:42:44 PM
India's basmati rice exports could jump 15% as key buyers stock up India's exports of premium basmati rice are likely to jump 15% over last year as key buyers in the Middle East build their inventories despite prices jumping by nearly a quarter, leading exporters told Reuters. Higher basmati exports would keep local prices firm, helping Indian farmers earn more by pushing paddy prices up to a record high. "After the Ukraine war, buyers are afraid of a sudden supply disruption. Every buyer is trying to have enough stocks," said Vijay Setia...
India's basmati rice exports could jump 15% as key buyers stock up
India's basmati rice exports could jump 15% as key buyers stock up
Source: Reuters
30/11/2022 5:38:13 PM
GRM Overseas shines on acquiring additional stake in GRM Foodkraft GRM Overseas is currently trading at Rs. 355.30, up by 8.10 points or 2.33% from its previous closing of Rs. 347.20 on the BSE. The scrip opened at Rs. 350.15 and has touched a high and low of Rs. 356.35 and Rs. 349.95 respectively. So far 511 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 935.40 on 20-Jan-2022 and a 52 week low of Rs. 303.00 on 24-Jun-2022. Last one week high and low of the scrip stood at Rs. ...
GRM Overseas shines on acquiring additional stake in GRM Foodkraft
GRM Overseas shines on acquiring additional stake in GRM Foodkraft
Source: Accord Fintech
30/11/2022 11:32:12 AM
Government lifts ban on organic non-basmati rice exports The government on Tuesday lifted the ban on export of organic non-basmati rice, including broken rice. The Directorate General of Foreign Trade (DGFT) in a notification said that the export of organic non-basmati rice, including organic non-basmati broken rice, will now be governed by rules which were in place prior to the ban imposed in September. The restrictions were lifted as domestic supplies have eased and prices too have seen a moderation. In September, the government had bann...
Government lifts ban on organic non-basmati rice exports
Government lifts ban on organic non-basmati rice exports
Source: IANS
30/11/2022 9:22:00 AM
Agricultural products exports rise 25% in April-September 2022-23  Exports of agricultural and processed food products rose by 25 per cent during April-September period of the current fiscal, compared to the corresponding period of last year. According to the provisional data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S) on Wednesday, the overall export of Agricultural and Processed Food Export Development Authority (APEDA) products increased to $13,771 million in April-September 2022 from $11,056 million...
Agricultural products exports rise 25% in April-September 2022-23
Agricultural products exports rise 25% in April-September 2022-23
Source: IANS
3/11/2022 9:09:14 AM
India has sufficient stocks of grains, could sell wheat in open market NEW DELHI tt -India has sufficient stocks of rice and wheat and the government will sell wheat in the open market if needed to control prices, the most senior civil servant at the Ministry of Consumer Affairs, Food and Public Distribution, said on Monday. "We've enough stocks of rice and wheat and there's nothing to worry," Sudhanshu Pandey told a press conference. "We'll intervene if needed," he said, replying to a query on whether the government would s...
India has sufficient stocks of grains, could sell wheat in open market
India has sufficient stocks of grains, could sell wheat in open market
Source: Reuters
17/10/2022 8:38:46 PM
India allows broken rice exports backed by already issued LCs India will allow overseas broken rice shipments of 397,267 tonnes backed by letters of credit (LCs) issued before Sept. 8, the government said in a notification on Wednesday, as a sudden ban on exports of the grain prevented the loading of cargoes. On Sept. 8, India banned exports of broken rice as the world's biggest exporter of the grain tries to augment supplies and calm local prices after below-average monsoon rainfall curtailed planting. The surprise move trapped nearly 1 milli...
India allows broken rice exports backed by already issued LCs
India allows broken rice exports backed by already issued LCs
Source: Reuters
13/10/2022 8:54:49 AM
`Prohibited` status of broken rice ensures domestic food security, feed availability: Centre  The Centre on Friday said that the export policy of broken rice has been amended in order to ensure its adequate availability for consumption by domestic poultry industry and for other animal feedstock, and to produce ethanol for successful implementation of EBP (Ethanol Blending Programme) programme. As per the officials of the Consumer Affairs Department, there was need for amending the policy due to various reasons. Domestic price of broken rice, which was Rs 16 a kg in the ope...
`Prohibited` status of broken rice ensures domestic food security, feed availability: Centre
`Prohibited` status of broken rice ensures domestic food security, feed availability: Centre
Source: IANS
24/09/2022 12:15:56 PM
Prices of rice in comfortable position, says government Days after imposing a ban on rice exports and levying duty on certain grades, the government on Friday said that the domestic price of the commodity is in a comfortable position and will remain well under control. "Due to the surplus stock of rice, the domestic price will be under control as compared to the international market and neighbouring countries where the price is comparatively high. The percentage increase in the minimum support price (MSP) of paddy in last year was 5.15 per...
Prices of rice in comfortable position, says government
Prices of rice in comfortable position, says government
Source: IANS
24/09/2022 9:25:31 AM
Ban on broken rice export imposed after recent rise in exports: Centre The Indian government on Thursday said that the ban on the export of broken rice was imposed after a rise in its exports in the last few months. "The ban on export of broken rice, which is used in poultry feed, was imposed following a rise in the grain's exports in recent months which had put pressure on the domestic market," it said, adding that it is a temporary measure which has been undertaken for food security concerns of the country keeping in line with the achievement ...
Ban on broken rice export imposed after recent rise in exports: Centre
Ban on broken rice export imposed after recent rise in exports: Centre
Source: IANS
23/09/2022 10:05:20 AM
India considering exporting some stuck rice cargoes India is considering allowing the overseas shipment of some rice cargoes stuck at ports after the world's biggest exporter of the grain imposed restrictions earlier this month, a government official said on Wednesday on the condition of anonymity. To boost local supplies and calm prices after below-average monsoon rainfall curtailed planting, India banned exports of broken rice and imposed a 20% duty on various other export types on Sept. 8. India's move to curb rice exports tra...
India considering exporting some stuck rice cargoes
India considering exporting some stuck rice cargoes
Source: Reuters
22/09/2022 9:02:44 AM
Indian rice shipments stuck at ports, traders seek government help At least 20 ships are waiting to load around 600,000 tonnes of rice at Indian ports as New Delhi's surprise export restrictions have trapped cargoes for nearly a fortnight, forcing sellers to pay demurrage charges, industry officials told Reuters. India banned exports of broken rice and imposed a 20% duty on exports of various other types on Sept. 8, as the world's biggest exporter of the grain tries to boost local supplies and calm prices after below-average monsoon rainfall ...
Indian rice shipments stuck at ports, traders seek government help
Indian rice shipments stuck at ports, traders seek government help
Source: Reuters
20/09/2022 2:24:11 PM
India`s rice export curbs prompt buyers to look to other hubs Top rice exporter India's export curbs forced buyers to switch to rival suppliers, boosting rates for the staple from other Asian hubs this week. Last week, India banned exports of broken rice and imposed a 20% duty on exports of various grades as it tries to augment supplies and cool local prices after scanty rainfall curtailed planting. Rice loading has stopped at Indian ports and nearly one million tonnes trapped as buyers refuse to pay the new levy. Following the development,...
India`s rice export curbs prompt buyers to look to other hubs
India`s rice export curbs prompt buyers to look to other hubs
Source: Reuters
16/09/2022 9:04:56 AM
India's rice exports set to fall 25% as levy make shipments expensive India's rice exports could fall by around a quarter this year as New Delhi's restrictions force buyers to switch to rival suppliers which are offering the grain at a cheaper price, trade and industry officials said. Late last week, the world's biggest exporter of the grain banned shipments of broken rice and imposed a 20% duty on exports of various other grades as the country tries to boost supplies and calm prices after below-average monsoon rainfall curtailed planting. &qu...
India's rice exports set to fall 25% as levy make shipments expensive
India's rice exports set to fall 25% as levy make shipments expensive
Source: Reuters
14/09/2022 3:08:09 PM
Hold awareness workshops about fortified rice`s benefits, Centre tells states Aiming to promote benefits of fortified rice while clarifying concerns about impact of its consumption among some sections of people vulnerable to certain diseases, the Centre has asked states like Gujarat, Maharashtra, Chhattisgarh, Madhya Pradesh, Jharkhand, Telangana Rajasthan, and Kerala to hold workshops in this regard. The Department of Food and Public Distribution (DFPD) has asked the states to organise workshops and seminars in the sensitive areas of tribal belts and districts that...
Hold awareness workshops about fortified rice`s benefits, Centre tells states
Hold awareness workshops about fortified rice`s benefits, Centre tells states
Source: IANS
14/09/2022 9:25:58 AM
India`s rice export curbs trap 1 million T at ports as buyers refuse to pay duty Rice loading has stopped at Indian ports and nearly one million tonnes of grain are trapped there as buyers refuse to pay the government's new 20% export levy on top of the agreed contract price, five exporters told Reuters on Friday. India banned exports of broken rice and imposed a 20% duty on exports of various other types on Thursday as the world's biggest exporter of the grain tries to boost local supplies and calm prices after below-average monsoon rainfall curtailed planting...
India`s rice export curbs trap 1 million T at ports as buyers refuse to pay duty
India`s rice export curbs trap 1 million T at ports as buyers refuse to pay duty
Source: Reuters
11/09/2022 10:49:30 AM
Rice production may fall by 10-12 mn tonnes: Food Secretary As the Centre banned rice exports effective from Friday and also levied an export duty of 20 per cent on various grades of the commodity, Food Secretary Sudhanshu Pandey said that domestic production could fall short by 10 to 12 million tonnes in the Kharif season. Pandey told mediapersons on Friday that due to inadequate sowing of paddy, mainly owing to poor rainfall in rice bearing states like Uttar Pradesh, Bihar and West Bengal, there would be a shortfall in production. The governme...
Rice production may fall by 10-12 mn tonnes: Food Secretary
Rice production may fall by 10-12 mn tonnes: Food Secretary
Source: IANS
9/09/2022 4:42:15 PM
India's rice curbs to lift prices, stoke food inflation worries India's decision to curb rice exports is expected to lift world prices of the staple and trigger a rally in rival wheat and corn markets, deepening concerns over food inflation. Rice prices in key exporters India, Thailand, Vietnam and Myanmar are set to rise, traders and analysts said, hitting food importers already suffering from higher costs due to adverse weather and the Russia-Ukraine war. India banned exports of broken rice and imposed a 20% duty on exports of various grades o...
India's rice curbs to lift prices, stoke food inflation worries
India's rice curbs to lift prices, stoke food inflation worries
Source: Reuters
9/09/2022 9:17:03 AM