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 […]
Thai bidders lose out to other exporters in Indonesian auction. Thai rice 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 Indian rice export prices extended losses this week to hit an eight-month low. Indian 5% broken […]
James Whitehead / Khmer Times Australia assured Cambodia that it would support the sustainable development and growth of the Kingdom’s rice sector production and assist Cambodian rice exporters in finding global markets for their luxury agricultural products. The assurance was given by Derek Yip, Australian Ambassador to Cambodia, during a speech at the opening ceremony […]
HANOI, Sept 11 (Reuters) -Vietnam’s rice exports in August rose 13.3% from the previous month to 851,079 metric tons, customs data released on Wednesday showed. Rice export revenue for the month was $510 million, up 12.8% from the previous month, Vietnam Customs said in a statement. Reporting by Phuong Nguyen; Editing by Martin Petty
By Our Correspondent KARACHI: Sindh Governor Muhammad Kamran Khan Tessori praised Pakistan’s rice export trade, noting the impressive $4 billion mark achieved in FY 2023-24 while presiding over the 16th Export Awards Ceremony of the Rice Exporters Association of Pakistan (REAP) at the Governor’s House. During the ceremony, Governor Tessori commended rice exporters for their […]
