Synopsis In July 2023, the government had prohibited the export of non-basmati white rice but it had said exports would be allowed on the basis of permission granted to other countries to meet their food security needs and based on requests from those countries. New Delhi: The government on Monday allowed the export of 1,000 […]
Pakistan reported record rice exports of $3.88 billion in FY24, a 78% increase over the previous year. However, the industry is not celebrating because it has been hit with multiple challenges all at once adding to the existing volatility in the market. For starters, India is expected to ease restrictions on its rice shipments which […]
Goemkarponn deskPANAJI: Government data indicates that the State’s net paddy/rice production has significantly increased since 2021, reflecting the positive impact of the farming boom that followed the economic disruption caused by the Covid pandemic in Goa.Rice production in the State rose by 9,462 MT in 2023–24 compared to 2022–23, according to Agriculture Minister Ravi Naik.However, […]
BENGALURU /MUMBAI/BANGKOK/HANOII/BANGLADESH: Vietnam rice export prices slid to their lowest levels in a year this week, while Indian rice export prices edged higher on a small improvement in demand, although ample supplies and increased sowing limited the gains. Vietnam’s 5% broken rice was offered at $550-$560 per ton on Thursday, down from a range of […]
India’s LT Foods posted a bigger profit for the twelfth consecutive quarter on Thursday, bolstered by strong demand for its basmati rice. The company, which makes ‘Daawat’ and ‘Royal’ basmati rice, said consolidated net profit increased 11.5% to 1.53 billion rupees ($18.3 million) in the April-June quarter. According to official data, India’s basmati rice exports […]
Levy of tax recommended as rice ‘is not an ‘agricultural farm produce’ By Shishir SinhaPrabhudatta Mishra Now, there is concern that flour and pulses may be treated the same as rice for applying GST if sold loose from bags of more than 25 kg. | Photo Credit: SUSHIL KUMAR VERMA One may be need to […]
India’s rice export restrictions and policy innovations strive to balance domestic food security needs with its role in global humanitarian efforts. India, the world’s largest producer and exporter of rice, contributes almost 40% to global demand. However, it faces the complex challenge of balancing domestic food security with the benefits of international trade. Factors like […]
Pakistan rice exports, both Basmati and coarse varieties, during July 2020 to May 2021 (11MFY21) are 14 per cent less than that of the previous year. — Reuters/File India is likely to cut the floor price for basmati rice exports and replace the 20 per cent export tax on parboiled rice with a fixed duty […]
ICAR working on releasing 100 seed varieties and 100 technologies in 100 days The government is targeting to cover almost 25 per cent of this year’s kharif paddy area with climate-resistant seeds. This comes as it looks to build on the success of such seeds in the bumper wheat harvest this year, a senior government […]
The central government has extended the exemption of a particular kind of inspection certificate that was needed for rice exports, both basmati and non-basmati, to certain European nations by another six months. The central government has extended the exemption of a particular kind of inspection certificate that was needed for rice exports, both basmati and […]
