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 […]
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 […]
Shares of Indian rice companies surge on report of government removing floor price for basmati rice exports This will help boost overseas sales of the premium grade and aid farmers struggling with debt and higher costs India is the world’s largest rice exporter ‘India Gate’ basmati rice brand owner KRBL KRBL.NS gains 4.7%, ‘Daawat’ brand […]
By Mayank Bhardwaj NEW DELHI, Sept 13 (Reuters) – India removed a floor price for basmati rice exports on Friday, according to a government order, to help farmers struggling with debt and higher costs boost overseas sales of the premium grade just weeks ahead of the arrival of the new-season crop. Last year New Delhi […]
by Tractor Junction The Basmati Rice crop is likely to grow by 15-20% this year due to farmers planting more land with good rains. The All India Rice Exporters Association (AIREA) expects a higher crop production. The quantity of basmati crop production will be estimated after the survey. India’s basmati rice exports rise by 15 […]
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 […]
Vishwanath Kulkarni Prospects for the basmati crop this year are projected to be good on increase in acreages and the crop size is likely to be higher by 15-20 per cent over last year, according to the trade. “The new crop is looking good. The rains have been good this year. Farmers, who had received […]
By Beatriz Marie D. Cruz, Reporter RICE INFLATION may further cool in the coming months once India relaxes a ban on exports, analysts said. “India may reconsider its export ban, impacting international prices further. The stronger peso will also make imports cheaper, easing inflation further,” Union Bank of the Philippines, Inc., Chief Economist Ruben Carlo […]
