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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 […]

Basmati Rice Yield Expected to Surge by 20% Due to Expanded Farmland and Good Rains

by Tractor Junction The Basmati Rice crop is likely to grow by 15-20% this year due to farmers planting more land with good rains. The All India Rice Exporters Association (AIREA) expects a higher crop production. The quantity of basmati crop production will be estimated after the survey. India’s basmati rice exports rise by 15 […]

Basmati exports up 15% in April-July at $2.03 billion on strong demand 

Volume during the period rose 19% to 19.17 lakh tonnes By Vishwanath Kulkarni India’s basmati rice exports increased by nearly 15 per cent during the April-July period of the current financial year to $2.036 billion on demand from countries such as Saudi Arabia, Iran, Iraq and the United States. In the same period last year, […]