Last week, the government lowered the issue price of rice to be sold to distilleries for making ethanol to ₹22.50/kg, as against the economic cost of ₹39.75/kg, effectively subsidising ₹17.25/kg from public exchequer. By Prabhudatta Mishra. Oil marketing companies this week are expected to float tender under Cycle 3 (C3) for the supply of about […]
Synopsis The Centre lowers the reserve price of FCI rice under OMSS by Rs 550 per quintal to Rs 2,250 for states and ethanol producers to support food security and boost sales. State governments, state-run corporations, and ethanol distilleries can purchase at reduced rates, while private traders continue to pay the previous price. New Delhi: […]
The revision comes as paddy production is estimated to reach record levels, prompting the government to ease the price to ensure surplus rice is effectively distributed. Dhirendra Kumar In a move to enhance food security and boost ethanol production, Union food and consumer affairs minister Pralhad Joshi announced a revision to the Open Market Sale […]
The new price, set at Rs 2,250 per quintal, will bring a major relief to the ethanol-producing industry. Jitendra Choubey. NEW DELHI: The Central government on Friday reduced the price of rice supplied from its buffer stock to grain-based ethanol producers by a significant 20 per cent, within 10 days after it was fixed at […]
According to the protesting farmers, the World Trade Organization’s (WTO) Agreement on Agriculture (AoA), implemented to reduce agricultural subsidies and establish fairer trade systems, is fundamentally biased against developing nations like India. Written by Anju Agnihotri Chaba, Jalandhar As the farmers’ protests at the Punjab and Haryana borders enter the eleventh month, their demands have […]
Parliamentary Secretary Zulfiqar Ali Bhatti on Thursday informed the National Assembly that the government was making efforts to promote rice exports and address exporters’ grievances. Responding to a calling attention notice regarding serious disruptions in rice exports from Pakistan to European countries resulting loss to the exchequer he said, “Pakistan holds 11 percent share in […]
Reuters. HANOI, MUMBAI, BANGKOK AND BANGLADESH: Indian rice export prices fell to their lowest level in 18 months this week, pressured by a depreciation in rupee to a record low and ample supplies. Top exporter India’s 5% broken parboiled rice was quoted at $431-$440 per ton, the lowest since July 20, 2023, down from $436-$442 […]
Staff Correspondent. The cabinet committee on government purchase at a meeting on Thursday approved two separate food ministry proposals to import total one lakh tonnes of rice from India and Pakistan. Presided over by finance adviser Salehuddin Ahmed at the secretariat in the capital Dhaka, the meeting approved a proposal from the food ministry to […]
50,000 tonnes of white rice will also be purchased from Pakistan. The government today relaxed a provision of the public procurement rules to speed up the purchase of 3 lakh tonnes of rice through international tenders, as part of an effort to quickly replenish the public food stock and intervene in the market to contain […]
In addition to rice, several other agri-food products also saw significant growth compared to December 2023 India’s agri-food export sector recorded robust growth in December 2024, with rice exports witnessing an impressive rise of 64.03 per cent, climbing from $0.87 billion in December 2023 to $1.43 billion in the same month this year. This remarkable […]
