Traders blame it on cheaper grain from UP, West Asia conflict, US tariffs. Ruchika Khanna Basmati growers are staring at losses for the second consecutive year as the prices have plummeted. With basmati arrivals picking up in mandis, PUSA 1509 variety was fetching between Rs 2,300 and Rs 2,500 per quintal, while PUSA 1718 has […]
Staff Correspondent – Dhaka A large portion of Bangladesh’s rice imports come from India. Recently, India imposed new conditions on its rice exports. However, these changes have not yet affected the Bangladesh market. Officials of the food directorate say that in addition to having sufficient stock, global rice prices have fallen and there are alternative […]
Concerns over recognising Pakistan’s application for GI tag likely to complicate talks. By Subramani Ra Mancombu India will likely not accept any proposal from the European Union to decouple the issue of the protected Geographical Indication (GI) tag for basmati rice from the purview of the Indo-EU free trade agreement (FTA), say analysts. “Recent reports […]
Reuters BENGALURU, HANOI, MUMBAI, BANGKOK AND DHAKA: Thai rice export prices fell to their lowest in nearly nine years this week weighed down by sluggish demand, while Indian prices held steady after hitting a three-year low in the previous week. Thailand’s 5percent broken rice was quoted at USD350 per tonne, its lowest level since November […]
Reuters BENGALURU, HANOI, MUMBAI, BANGKOK AND DHAKA: Prices of rice exported from India fell to their lowest level in more than three years this week, pressured by subdued demand and abundant supply, while Vietnamese rates declined to a one-month low. India’s 5 percent broken parboiled variety was quoted this week at USD354-USD362 per ton, down […]
By Rajendra Jadhav MUMBAI, Sept 17 (Reuters) – India’s rice stocks in government warehouses climbed over 14% from a year earlier to a record high for early September, while wheat inventories reached a four-year peak on stronger buying from farmers, official data showed on Wednesday. Record rice stocks will support higher exports by the world’s […]
Yield in areas not affected by floods and rain likely to be higher, say State official. By Prabhudatta Mishra Punjab may see only a fall in rice production after the floods destroyed the paddy crop in about 2 lakh hectares, said a senior state official. The yield in non-affected areas is likely to be higher, […]
However, strong Indian monsoon poses short-term risk, says research agency BMI. By Subramani Ra Mancombu Rice prices in the global market will likely decline, notwithstanding the loss to the paddy crop in some regions in India and Pakistan. Analysts say this is mainly due to abundant supplies in growing countries, particularly India. Rice prices are […]
Reuters Thai rice export prices rose to a three-week high this week, supported by the baht’s appreciation, while thin demand pushed Vietnamese offers lower. Thailand’s 5% broken rice was quoted at $355–$365 per tonne, its highest since Aug. 21, compared with $355 per tonne last week, traders said, citing the stronger baht Domestic prices were […]
Reuters MUMBAI/KARACHI: Heavy rains and widespread flooding in basmati rice-growing regions of Pakistan and India have raised concerns over output of the premium staple, driving prices higher as supplies are expected to fall. Pakistan and India exclusively grow aromatic basmati rice, which sells for nearly twice the price of regular varieties and is primarily imported […]
