by Trade Brains In a significant shift in the global rice market, prices have experienced their sharpest decline in 16 years following India’s decision to relax export curbs. This move has sent ripples through the international rice trade, affecting both exporters and importers alike. India Loosens Export Controls The Indian government on September 28 announced […]
Efforts of the Special Investment Facilitation Council (SIFC) are yielding results as Pakistan has historically achieved $4 billion from the exports of rice. As per details, Pakistan has achieved a historic milestone in rice exports, generating $4 billion in revenue through the facilitation of the SIFC (Special Investment Facilitation Council). According to SIFC official Shahjehan […]
Farmers like Amrik Singh from Amritsar are bearing the brunt of these developments. Singh, who sold his Basmati 1509 produce at Rs 2,600 per quintal today, is deeply disappointed. Written by Anju Agnihotri Chaba Farmers in Punjab are growing increasingly frustrated as the price of Basmati 1509 remains stubbornly low, despite the removal of the […]
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 […]
BENGALURU/MUMBAI/BANGKOK/HANOI AND BANGLADESH: 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 India recently eased restrictions on exports of the staple. India’s 5% broken parboiled variety was quoted at $490-$495 per metric ton this week, the lowest […]
Farmers like Amrik Singh from Amritsar are bearing the brunt of these developments. Singh, who sold his Basmati 1509 produce at Rs 2,600 per quintal today, is deeply disappointed. Written by Anju Agnihotri Chaba Farmers in Punjab are growing increasingly frustrated as the price of Basmati 1509 remains stubbornly low, despite the removal of the […]
The USDA says pork export sales were solid during the week ending October 3rd. The pork sales total was up on the week and considerably larger than average, with Mexico purchasing more than half of the weekly total, reflecting the strong global demand for U.S. pork. Rice also saw a week-to-week improvement, while the other […]
Irfan Noor The rice sector of Pakistan, contributing approximately $4 billion annually to the nation’s agricultural economy, is currently facing a significant threat due to an inquiry initiated by the Federal Investigation Agency (FIA) The inquiry targets 72 rice-exporting companies whose consignments were rejected by European countries for non-compliance with phytosanitary requirements. While ensuring compliance […]
HANOI: Vietnam’s rice exports this year are expected to be higher than 7.6 million metric tons, Vietnam Food Association’s chairman said on Thursday. The Southeast Asian country is the world’s third-largest rice exporter after India and Thailand, and its largest buyer is the Philippines. India’s recent moves to ease its rice export restrictions will not […]
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 […]
