The central government has fixed an estimated target of 185 lakh tonnes for paddy procurement for the ongoing KMS (kharif marketing season) 2024-25 which will continue till November 30. Press Trust of India New Delhi The Centre has procured 120.67 lakh tonnes of paddy so far from Punjab, or 65 per cent of the estimated […]
Farmers who have harvested the fragrant rice are happy despite drop in prices. By Prabhudatta Mishra Basmati farmers in Punjab are happy despite receiving prices lower than last year. The reason for their happiness is the problems with the current procurement situation in the State amid a late purchase of non-Basmati paddy after a fortnight-long […]
By Mayank Bhardwaj and Rajendra Jadhav NEW DELHI, Nov 8 (Reuters) – India’s rice inventories surged to an all-time high of 29.7 million metric tons in November, sources said on Friday, nearly three times the government’s target, as export curbs imposed over the past two years bumped up local supplies. Higher stocks would allow the […]
Say they won’t accept paddy with even the slightest deviation from the norms. Ruchika Khanna / Tribune News Service The rejection of rice samples shipped from Punjab to several states has triggered fear psychosis among rice millers over milling of this year’s paddy, thus affecting the procurement once again. “Forced” by the state government to […]
Reuters MUMBAI/ HANOI /BANGKOK/BANGLADESH: Prices of rice exported from top hub India fell for a third straight week, hitting a 15-month low, due to rupee depreciation and increased supply. India’s 5% broken parboiled variety was quoted at $440-$447 per metric ton this week, the lowest since July 2023 and down from last week’s $442-$449. Indian […]
By: Jordeene B. Lagare The Philippines stands to benefit from the Indian government’s move to scrap the floor price on its rice exports as the recent development is expected to stabilize retail prices and supply of rice. Rowena Sadicon, founder of the Philippine Rice Information System, said the removal of the minimum export price (MEP) […]
BR Research From a record performance of nearly four billion dollars during the last financial year, Pakistan’s rice exports are set to decline by more than a billion dollars during the ongoing FY2024-2025. An estimated decline of $1.1 billion in annual earnings from rice exports will create a significant gap in the precarious balance of […]
2 weeks ago, samples to Arunachal Pradesh found to be of poor quality. Ruchika Khanna / Tribune News Service In a big blow to Punjab, samples of rice grown and sent from the state to Karnataka have been found to be ‘Beyond Rejection Limit’ and thus unfit for human consumption. This is the second case […]
As there is a glut-like situation in mandis, commission agents in Kotkapura have asked farmers not to bring basmati to grain markets for the next one week. Not enough space Let the paddy procured by agencies be lifted from mandis….Tribune News Service As there is a glut-like situation in mandis, commission agents in Kotkapura have […]
Rice production boosted by above normal rainfall on average during southwest monsoon season. Shagun Rice production in the 2024-25 Kharif season was estimated to hit a record high of around 120 million tonnes (MT), highest in the last 11 years, according to data from the First Advance Estimate of Production of Food Grains released on […]
