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 […]
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 […]
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 […]
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 […]
In a significant move to enhance the export of Basmati rice, a premier Geographical Indication (GI) variety of India, the Government of India has announced the removal of the floor price on Basmati rice exports. This decision comes in response to ongoing trade concerns and the adequate domestic availability of rice. The Agricultural and Processed […]
India, the largest rice exporter globally, has been limiting rice exports to curb domestic food inflation, which led to a significant decline in rice shipments. Mahima Vachhrajani In a crucial decision, the Indian government has removed the minimum export price (MEP) of $950 per tonne for basmati rice, a move that is expected to benefit […]
By Mayank Bhardwaj NEW DELHI, Sept 13 (Reuters) – India removed a floor price for basmati rice exports on Friday, according to a government order, to help farmers struggling with debt and higher costs boost overseas sales of the premium grade just weeks ahead of the arrival of the new-season crop. Last year New Delhi […]
BEING an agrarian economy, Pakistan has one of the world’s best food baskets that provides a variety of crops to feed 250 million people. The sector is a source of raw material as well. However, it has suffered a lot due to the climate change phenomenon. The national economy is struggling because of low crop […]
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 […]
BENGALURU/ MUMBAI/ BANGKOK/HANOI AND BANGLADESH: Thai prices fell to their lowest level in over a year as bidders were forced to reduce their high prices in a recent auction held by Indonesia, while India’s rice export prices extended losses this week to hit an eight-month low. Top exporter India’s 5% broken parboiled variety was quoted […]
