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 […]
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 […]
By Ashitha Shivaprasad MUMBAI/BANGLADESH/BANGKOK/HANOI- Rice export prices in India extended losses this week to hit their lowest level in 15 months, due to depreciation in the rupee and rising supplies. Top exporter India’s 5 percent broken parboiled variety was quoted at $442-$449 per ton, the lowest since July 20, 2023 and down from the last […]
Josephine Okojie and Feyishola Jaiyesimi Nigerians now buy a 50kg bag of local parboiled rice for an average of N105,000, higher than the country’s new minimum wage of N70,000, according to BusinessDay market survey. Since the removal of petrol subsidy and devaluation of the naira, the price of local parboiled rice, a key staple in […]
The removal of the duty reflects the government’s confidence in a better harvest this year, said Vijay Setia, former president of the All-India Rice Exporters Association. Dhirendra Kumar New Delhi: The union government has removed the export duty on parboiled rice, according to a notification issued by the finance ministry late on Tuesday. It also […]
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 […]
By Rajendra Jadhav, Mayank Bhardwaj and Urvi Manoj Dugar NEW DELHI, Oct 22 (Reuters) – India scrapped the export tax on parboiled rice, the government said in an official order on Tuesday, as inventories in the world’s biggest exporter of the grain surged and the country is set to produce a bumper crop after copious […]
Rice export prices in India held near their lowest level in more than a year amid a slight improvement in demand, while Thailand rates rose as the Southeast Asian country sees consistent demand from its customers. Top exporter India’s 5% broken parboiled variety was quoted at $490-$495 per ton this week, unchanged from last week […]
SynopsisIndia’s 5% broken parboiled variety was quoted at $490-$495 per metric ton this week, the lowest since Aug. 24, 2023, amid weak demand and depreciation in the rupee. Rice prices across major Asian hubs declined to their lowest in more than a year this week, pressured by slow demand and increased supply after top exporter […]
Exporters say they incur $70/tonne additional costs; Customs officials playing safe to verify if shipments are white or parboiled rice. By Subramani Ra Mancombu India’s white and parboiled non-basmati rice consignments are being held up at major ports by customs authorities despite the government easing the curbs on shipments from the country. According to trading […]
