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Rice exporters want removal of ban on non-basmati rice to go on prospects of record crop 

Area under paddy exceeds normal acreage, prospects for rabi look good. By Vishwanath Kulkarni Amidst prospects of a record rice harvest, exporters are looking forward to removal of the ban on white rice exports and the 20 per cent export duty on parboiled rice. Aided by a good and widespread monsoon across the country farmers […]

India supports Namibia’s food security with rice rice shipment

ANI New Delhi [India], September 17 (ANI): India has stepped up to support Namibia to boost their food security. A shipment of 1000 metric tons of rice has departed from Maharashtra’s Nhava Sheva Port, headed for Namibia. Sharing a post on X, Randhir Jaiswal, the official spokesperson of the Ministry of External Affairs, wrote, “Humanitarian […]

No further quota: MoC to blacklist defaulting Sri Lankan rice buyers

Mushtaq Ghumman ISLAMABAD: The Commerce Ministry is to informally blacklist those Sri Lankan companies that defaulted in payment to Pakistani rice exporters by disallowing allocation of rice quota. This mechanism was shared by Commerce Ministry officials at a meeting of the Senate Standing Committee on Commerce, which met on Monday with Senator Anusha Rahman in […]

Egypt to reduce rice cultivation area by 32% in 2025 over water shortage

This reduction is primarily due to the recent challenges related to water resources as a result of climate change and unprecedented increase in temperatures, the official said Staff Writer, Arab Finance The Egyptian government is planning to reduce the area allotted for rice cultivation in the country by around 32% to 750,000 feddans as of […]

Golden Grain Rice further solidifies its presence across major international markets

Following its record-breaking export of 375,000 tonnes of premium basmati rice in 2023, Golden Grain is now on track to export 500,000 MT in 2024. Golden Grain Rice, a brand synonymous with premium basmati quality, has reinforced its global dominance by expanding into some of the world’s most competitive international markets. As one of India’s […]

Govt removes minimum export price on basmati rice, duties on edible oil rises

The Union Government has decided to remove the minimum export price (MEP) thresholds on the export of basmati rice, the Ministry of Commerce and Industry said in a statement on Saturday. ANI New Delhi [India], September 14 (ANI): The Union Government has removed the minimum export price (MEP) threshold for basmati rice exports, the Ministry […]

Rice stocks rally up to 15% after Government removes minimum export price

Synopsis Shares of rice companies like KRBL, LT Foods, and Kohinoor Foods surged up to 15% on BSE after the government removed the $950/tonne minimum export price for basmati rice, boosting global demand. Shares of rice stocks like KRBL, LT Foods, Kohinoor Foods, and others rallied up to 15% on BSE today after the government […]

Thai rice prices hit one-year low

By Vietnam News Agency Thai rice prices fell to their lowest in over a year as bidders were forced to reduce their high prices in a recent auction held by Indonesia, while Indian rice export prices extended losses this week to hit an eight-month low. Thai 5% broken rice fell to the range of $550 […]