FP Explainers The price of rice has dropped globally after India lifted its 2023 curbs on the export of non-basmati white rice and cut the export tax on white rice to zero and Pakistan removed its Minimum Export Price for all varieties. Let’s take a closer look The price of rice is going down, down, […]
In a partial relief for Punjab, commission agents, or arhtiyas, will continue to buy Basmati rice and cotton, though they are still boycotting paddy procurement by state agencies. This decision followed a meeting with state officials. Mandi laborers remain on strike but will reassess their position on Friday, demanding better pay and conditions. CHANDIGARH: In […]
Express News Service BHUBANESWAR: Accusing the state government of neglecting its demands, the All Odisha Rice Millers’ Association (AORMA) on Thursday threatened to stay away from the paddy procurement process for 2024-25 kharif marketing season (KMF). AORMA members also said a protest will be held at Mahatma Gandhi Marg here on Friday where nearly 1,000 […]
According to the commerce ministry, India’s basmati rice exports during 2024-25 (April-July) was 1.91 million tonne (MT), out of which shipment to Iran had a share of around 19%.Written by Sandip Das Just a few days after the government removed the minimum export price (MEP) of $ 950/tonne on the basmati rice, exporters have started […]
BENGALURU /MUMBAI/BANGKOK/HANOI AND BANGLADESH: Rice export prices in Asia dropped sharply this week after India, the world’s largest exporter of the staple, eased restrictions on exports, increasing competition in the region. India on Saturday allowed exports of non-basmati white rice, a day after cutting export duty on parboiled rice to 10% from 20%. “India’s decision […]
The recent lifting of the Minimum Export Price (MEP) aims to boost agricultural exports, yet critics argue it’s a redundant policy harming small farmers and failing to control food inflation. India’s export bans on rice and fluctuating MEPs reflect ongoing efforts to manage domestic supply and prices, while the country remains a major exporter of […]
ISLAMABAD: Pakistani rice traders said on Thursday that exports of the commodity could face a setback this year as neighboring India, one of the major competitors in the global market, had lifted restrictions on rice exports. Pakistan exported rice worth $3.9 billion this year as compared to $2.15 billion last year, benefitting from India’s more-than-a-year-long […]
Sameer P of Mannar uses a fleet of six drones costing Rs 10 lakh each, and a Rs 16-lakh transplanter to cultivate paddy on 670 acres of land across Alappuzha. Biju E Paul ALAPPUZHA: In 2018, Sameer P quit his job as IT manager in Saudi Arabia’s Jeddah to live with family in his hometown […]
Mizy Clifton Global rice prices fell the most in 16 years after India — the world’s biggest producer — lifted some export restrictions, alleviating fears of worsening global food insecurity. The decision was driven by better-than-expected harvests, and spurred rice exporters in Pakistan, Myanmar, Thailand, and Vietnam to slash prices to compete with the huge […]
BW Online Bureau India is the leading exporter and grower of basmati rice, followed by neighboring Pakistan. Rice prices have shown signs of uptrend after India removed export restrictions and opened new business avenues for exporters. The removal of trade barriers has helped Indian rice exporters regain competitiveness in the overseas markets. According to traders, […]
