A 20% export duty on parboiled and milled rice kicks in May 1, 2025, as India aims to secure food stocks and regulate rice trade amid inflation worries. The Ministry of Finance has imposed a 20 per cent export duty on parboiled rice and specific milled rice varieties, with the new rule taking effect from […]
Overall rice exports rise by 21.78%, set to surpass 773,000 tonnes in FY25; Basmati exports dominate EU and UK markets, capturing 67% share. By Monitoring Desk Pakistan’s rice exports surged by 21.78% in the first nine months of fiscal year 2024-25 (July-March), with total exports surpassing 773,000 tonnes from the previous year, according to the […]
In other major decisions for farmers, the Cabinet approved extension for additional subsidy on di-ammonium phosphate (DAP), and also enhanced the allocation for PM Fasal Bima Yojana. Moneycontrol News The Indian government has signed an agreement with Indonesia to export 10 lakh metric tonne of non-basmati white rice, Agriculture Minister Shivraj Singh Chauhan informed during […]
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) […]
The Food Ministry has announced another tender for 50,000 tonnes set to open on November 18. By BL New Delhi Bureau In the first tender for the supply of 50,000 tonnes of parboiled rice floated by the Bangladesh government, which is likely to buy over 5 lakh tonnes (lt) in tranches, Pattabhi Agro Food of […]
Arrival of new crop in Pakistan, Myanmar add to the pressure on the market. By Subramani Ra Mancombu Rice prices in the global market have dropped by over 10 per cent over the past fortnight, mainly because of India lifting all curbs on exports and arrivals of new crops in Pakistan and Myanmar, traders said. […]
Basmati rice exports rose sharply by 11 per cent between April and September 2024, compared to the same period in FY24 reaching $2.87 billion, aided by the recent removal of the minimum export price. Abhijeet Kumar New Delhi India’s agricultural and processed food exports experienced a slight decline of 1 per cent, reaching $12.13 billion […]
Jasper Emmanuel Arcalas – The Philippine Star MANILA, Philippines — The scrapping of India’s minimum export price (MEP) on its non-Basmati white rice bodes well for the Philippines as it would further boost global grain supply and could lead to lower retail prices of the commodity, the Department of Agriculture (DA) said. “If India removed […]
NEW DELHI: India has removed the floor price for the export of non-basmati white rice, the government said in an official order on Wednesday, to help farmers and exporters sell various grades of rice on the world market. Buoyed by forecasts of higher rice output, farmers and rice exporters recently urged the government to remove […]
The decision has been made effective from October 22. By Shishir Sinha In an effort to further boost exports, the Finance Ministry has lowered Custom Duty to NIL from 10 per cent on parboiled rice, husked (brown) rice and rice in the husk (paddy or roughy). It has been made effective from October 22. The […]
