By Reuters Synopsis India’s removal of the floor price for basmati rice exports is expected to boost orders from the Middle East, Europe, and the Americas. This policy change allows Indian exporters to offer more competitive prices globally, potentially increasing export volumes. India’s basmati rice production is also anticipated to rise by 10-12% this year […]
India and Pakistan are the only growers of premium-grade basmati rice, and the Indian restrictions helped Pakistan gain market share in some categories. Reuters NEW DELHI/ MUMBAI India’s decision to remove the floor price for basmati rice exports is expected to spur a flurry of orders from the Middle East, Europe, and the Americas, leading […]
By Monitoring Desk LAHORE: The Indian government’s recent move to eliminate the minimum export price for basmati rice and relax restrictions on non-basmati rice exports has left Pakistani rice exporters anxious. These changes, which take effect in September 2024, threaten to disrupt the gains Pakistan made under previous restrictions. In fiscal year 2024, Pakistan exported […]
Written by Anju Agnihotri Chaba Krishan, along with his younger brothers, Gopal and Stapal, manages 50 acres —22 acres of joint family land and 28 acres on rent in Bhullan village in Sangrur. In a remote village along the Punjab-Haryana border, farmer Bal Krishan (48) and his two brothers have become a shining example of […]
Mushtaq Ghumman ISLAMABAD: The period of a massive boost to Pakistan’s rice exports is over after the Indian government’s decision to remove the floor price of Basmati rice and relax restrictions on export of other rice varieties. Well informed sources told Business Recorder that Pakistan Rice Exporters Association (REAP) has approached the government and shared […]
Synopsis India is considering easing restrictions on non-basmati rice exports as inventories surge and a new crop is set to be harvested. This move follows recent measures to boost farmers’ incomes ahead of state elections. The government is also looking at adjusting policies on parboiled and non-basmati white rice exports. India is considering easing curbs […]
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 […]
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 […]
