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 […]
HANOI, July 29 (Reuters) -Vietnam exported 630,000 metric tons of rice in July, down 4.4% from the same month a year earlier, government data released on Monday showed. For the January-July period, the country exported 5.2 million tons of rice, up 25% from the previous year. Rice export revenue over the seven-month period rose 25% […]
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 […]
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 […]
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 […]
The Philippines is the largest export market of Vietnam. – Vietnam News/ANN HANOI (Vietnam News/ANN): Agriculture ministers of Vietnam and the Philippines have agreed to establish a rice industry alliance between the two countries and upgrade the trade relationship to an investment partnership in the rice industry. At a talk in Hanoi on July 9, […]
The prices of Vietnamese rice increased strongly in many foreign markets in the first half of this year, according to statistics from the General Department of Vietnam Customs. The average rice export price went up by over 18% over the same period last year. The grain was sold at 959 USD per tonne in Brunei, […]
The USDA’s new crop U.S. cotton and rice ending stocks estimates were up on the month. The rice carryout is now seen at 46 million hundredweight, up 1.5 million from June on expectations for a larger crop and higher imports, along with an increase in rough rice exports. Cotton ending stocks are projected at 5.3 […]
