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 […]
By Vietnam News Agency Thai rice prices fell to their lowest in over a year as bidders were forced to reduce their high prices in a recent auction held by Indonesia, while Indian rice export prices extended losses this week to hit an eight-month low. Thai 5% broken rice fell to the range of $550 […]
Agriculture Secretary Francisco Tiu Laurel Jr. said last month that consumers would feel the impact of tariff reduction by October as traders were still disposing of their old stocks which they brought in at higher duties. Philippine Daily Inquirer MANILA – The price of locally produced and imported rice retailed at around P50 a kilo […]
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 […]
Thai bidders lose out to other exporters in Indonesian auction. Thai rice 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 Indian rice export prices extended losses this week to hit an eight-month low. Indian 5% broken […]
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 […]
By Gurpreet Singh Nibber Indian exporters have been struggling to sell their produce in the international market due to the high MEP of $950 a tonne, the association said. The basmati exporters association has urged the Agricultural and Processed Food Products Export Development Authority (APEDA) to waive the minimum export price (MEP) on basmati rice […]
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, […]
Empty shelves blamed on government’s policy of limiting production, tourist influx and extreme weather. Leo Lewis in Tokyo Japan has emerged from its hottest summer to its biggest rice shortage in 30 years, with empty shelves, surging prices and the government imploring shoppers not to panic buy. Supermarkets have limited customers to one bag at […]
