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Govt. generated over Rs. 4 billion through rice imports

Traders across various regions have urged the government to reconsider the Rs. 65 per kilogram tax imposed on imported rice, advocating for a reduction to alleviate market challenges. Consumer organizations echo these sentiments, emphasizing that a lower import tax could stabilize rice prices and make it more affordable for consumers. The government has implemented several […]

Seeing Beyond the Visible: How Drones are Revolutionizing Rice farming in India and the Philippines

CGIAR Initiative on Digital Innovation By Shalini Gakhar and Steve Klassen (International Rice Research Institute) The impact of drone technology is growing across various sectors, and agriculture is no exception. Globally, the market for agricultural drones is worth US $32.4 billion, compared to US $127 billion for the total value of drone-powered solutions. For smallholder […]

Asia rice: Rising supplies weigh on India prices

Reuters BENGALURU/MUMBAI/HANOI/BANGKOK AND BANGLADESH: Prices of parboiled rice exported from India fell this week as the rupee depreciated and supplies increased, while Vietnamese rates edged lower on fears of a potential drop in demand from the Philippines. Top exporter India’s 5% broken parboiled variety was quoted at $440-$446 per metric ton this week, down from […]

Tea, rice exports to Iran may take a hit on rial devaluation

Synopsis Iran’s currency devaluation threatens Indian tea and basmati rice exports. The increased cost of imports may hinder sales of premium orthodox tea, while basmati rice exporters face insurance and pricing challenges. However, some believe the impact on rice may be mitigated by government subsidies. Kolkata: Exports of premium quality Indian orthodox tea and basmati […]

Asia rice: Rising supplies weigh on India prices, Vietnam sees lower demand

Reuters Prices of parboiled rice exported from India fell this week as the rupee depreciated and supplies increased, while Vietnamese rates edged lower on fears of a potential drop in demand from the Philippines. Top exporter India’s 5% broken parboiled variety was quoted at $440-$446 per metric ton this week, down from last week’s $444-$450. […]

Govt to buy 50,000 tonnes of rice from India 

News Desk To ensure the country’s food security, the government will import 50,000 metric tonnes of non-basmati parboiled rice from India through an international open tender. Indian company M/s Bagadia Brothers Private Limited will supply this rice. The cost of importing 50,000 metric tonnes of rice will be Tk 274 crore 20 thousand, and the […]

DA in talks with Pakistan, India for import of 2 million metric tons of rice

By GMA Integrated News. The Department of Agriculture (DA) said on Wednesday that envoys discussions are ongoing with envoys from Pakistan and India on securing commitments to supply the Philippines with a combined two million metric tons (MT) of rice. Agriculture Secretary Tiu Laurel said that he had met with the Pakistani Ambassador Imtiaz Ahmad […]

India’s rice exports up by 95% in November 24

Marine products saw an increase of 17.82 per cent, with values jumping from $0.64 billion in November 2023 to $0.76 billion in November 2024. India’s exports saw significant growth across various categories in November 2024 compared to the same month last year. According to a government statement, rice exports surged by an impressive 95.18 per […]

Despite record produce fine rice dilemma persists

Hyderabad: Despite a record 1.53 crore metric tonnes of paddy produced in the kharif season, the state govt may miss the target of procuring 36 lakh metric tonnes of fine variety paddy.The Telangana Civil Supplies Corporation (TGCSC) procured 13.25 LMTs of fine variety paddy as on Dec 9. Though paddy arrivals are expected up till […]

India’s Record Rice Stocks Surge, Boosting Export Opportunities.

India’s rice inventories reached a record 44.1 million metric tons on December 1, exceeding the government’s target by more than five times. The surplus is attributed to a bumper summer rice crop of 120 million tons, driven by ample monsoon rains and expanded planting areas. With export restrictions on most grades lifted, India, the world’s […]