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Philippines and Vietnam agree to establish rice industry alliance

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, […]

Europe Basmati Rice Market Poised for Growth: $866.5 Million by 2031

According to a new report published by Allied Market Research, titled, “Europe Basmati Rice Market by Type, Application, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2022-2031,” the Europe basmati rice market was valued at $551.8 million in 2020, and is projected to reach $866.5 million by 2031, registering a CAGR of 4.2%. The Indian […]

Govt may reduce floor price for basmati rice exports

Exporters said higher MEP could adversely impact the domestic procurement of basmati rice paddy for the next season and hit farmers’ income. Written by Sandip Das In FY24, India exported a record 5.24 million tonne (MT) of aromatic rice valued at $5.83 billion. (Reuters) The government is likely to consider reducing the minimum exports duty […]

India’s rice exports drop 34% in Q1 of FY25 as export curbs continue

Export prohibition on non-basmati white rice and broken rice and a 20% tariff on the parboiled variety are reasons behind dip Puja Das In the first three months of FY25, the fall in exports of non-basmati white rice has been in the same period the highest, around 78% at nearly 300,000 tonnes followed by another […]