Don’t get into a cat and mouse chase over rice
1 year, 3 months ago

Don’t get into a cat and mouse chase over rice

Live Mint  

Close on the heels of a 20% export tax slapped on parboiled rice, India’s government has set a minimum-price barrier of $1,200 per tonne for the export of basmati rice, the premium kind for which the country has a global reputation. These measures are aimed at shoring up domestic supplies, so that prices are held in check amid worries of a harvest shortfall, with key rice-growing regions left parched by uneven rains this kharif season. After tomato prices surged to gasp-inducing levels and the impact of inflation on household budgets became a talking point, the government can ill-afford more food price spikes as key state and national elections loom. By curtailing rice exports, New Delhi deprives farmers of a chance to take advantage of high international foodgrain prices.

Rice Prices Price Export Basmati Basmati Rice  nonbasmati  dont  basmati  prices  chase  cat  rice  key  login  mouse  export  price  farmers  exports

History of this topic

Indian farmers face profitability challenges as input costs rise 6.1%, outpacing MSP growth of 5.36%: Infomerics Ratings
3 weeks, 5 days ago

Indian farmers face profitability challenges as input costs rise 6.1%, outpacing MSP growth of 5.36%: Infomerics Ratings

Live Mint  

New Delhi: India’s rice sector, which contributes 35% to global rice trade, faces profitability challenges despite record production of 137.8 million tonnes in FY 2023–24, according to a rice ondustry Outlook for 2024 released by Infomerics Ratings on Wednesday. Sustainable practices and cost management are essential for India to maintain its leadership in global rice trade while safeguarding domestic food …

Government lifts ban on export of non-basmati white rice
2 months, 3 weeks ago

Government lifts ban on export of non-basmati white rice

The Hindu  

The Union government has decided to allow exports of non-basmati white rice with immediate effect, reversing last July’s ban on such exports. According to a notification of the Department of Commerce issued on Saturday, non-basmati white rice has been removed from the prohibited list for exports to free with immediate effect, subject to the minimum export price. Trade revival B.V. …

Breaking News: Boost for Farmers as Modi Govt Increases Onion and Basmati Rice Exports | ABP News
3 months, 1 week ago

Breaking News: Boost for Farmers as Modi Govt Increases Onion and Basmati Rice Exports | ABP News

ABP News  

The Indian government has recently lifted the Minimum Export Price restrictions on onions and basmati rice, which were previously imposed to control domestic prices. Previously, the government had set the MEP at $550 per ton for onions and $950 per ton for basmati rice. These limits prevented the export of onions and basmati rice at prices lower than the set …

Punjab: Basmati growers’ body calls for minimum export price waiver as int’l sales plummet
3 months, 2 weeks ago

Punjab: Basmati growers’ body calls for minimum export price waiver as int’l sales plummet

Hindustan Times  

The basmati exporters association has urged the Agricultural and Processed Food Products Export Development Authority to waive the minimum export price on basmati rice in wake of the recent dip in international sales and price crash. “Despite the reduction, the export price is very high which is driving away international buyers,” said Ashok Sethi, director, basmati exporters association. {{^userSubscribed}} {{/userSubscribed}} …

Govt may relax export ban on non-basmati white rice amid surplus, says Pralhad Joshi
3 months, 3 weeks ago

Govt may relax export ban on non-basmati white rice amid surplus, says Pralhad Joshi

Live Mint  

New Delhi: The Indian government is looking at relaxing its year-old export ban on non-basmati white rice amid surplus stock and a significant surge in paddy sowing, said union minister for consumer affairs, food and public distribution Pralhad Joshi. Rice exports during April-June fell by nearly 34% to 3.2 million tonnes after the export of non-basmati white rice was restricted …

Rice, a Political Tool | India’s Ban on Non-Basmati White Rice Leaves Global Rice Market in Perilous State
4 months ago

Rice, a Political Tool | India’s Ban on Non-Basmati White Rice Leaves Global Rice Market in Perilous State

The Hindu  

Published : Aug 23, 2024 15:38 IST - 4 MINS READ The lack of progress towards the goal of “Zero Hunger” highlighted in the report on “The state of food security and nutrition in the world 2024” by the Food and Agriculture Organization on July 24 reminds us of the ban that the Indian government imposed on the export of …

DGFT Notification Prohibiting Export Of Non-Basmati White Rice Can't Have Retrospective Effect: Andhra Pradesh High Court
4 months, 4 weeks ago

DGFT Notification Prohibiting Export Of Non-Basmati White Rice Can't Have Retrospective Effect: Andhra Pradesh High Court

Live Law  

The Andhra Pradesh High Court has held that the trade notification issued by the Directorate General of Foreign Trade prohibiting export of non-basmati white rice cannot have retrospective effect.The bench of Justice Ninala Jayasurya has observed that the Foreign Trade Act-1992 does not confer any right to the authorities/department or enable them to issue. The Andhra Pradesh High Court has …

India plans to ease rice export curbs as stocks surge to record, sources say
5 months ago

India plans to ease rice export curbs as stocks surge to record, sources say

New Indian Express  

New Delhi: India is likely to cut the floor price for basmati rice exports and replace the 20% export tax on parboiled rice with a fixed duty on overseas shipments, government sources said, as rice inventories in the country jumped a record high. New Delhi is expected to lower the basmati rice's minimum export price to $800-$850 a metric ton, …

India’s rice exports drop 34% in Q1 of FY25 as export curbs continue
5 months, 3 weeks ago

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

Live Mint  

Rice exports during April-June of the current financial year have fallen by nearly 34% to 3.2 million tonnes after the Centre banned outward shipments of non-basmati white rice and broken rice and a 20% tariff on the parboiled variety. The prohibition on non-basmati white rice was announced last July to safeguard domestic food security and protect consumers from price shocks …

Non-Compliance Of Notification Conditions For Export Of Banned Non-Basmati White Rice; Delhi High Court Dismisses Exporter's Appeal
7 months, 1 week ago

Non-Compliance Of Notification Conditions For Export Of Banned Non-Basmati White Rice; Delhi High Court Dismisses Exporter's Appeal

Live Law  

The Delhi High Court while dismissing the rice exporter's appeal, upheld the decision of the single bench holding that the exporter cannot be permitted to export 11,000 MT of banned non- basmati white rice, due to the non-fulfilment of the conditions entitling it to an exemption from the ban on export imposed by Notification bearing no. The Department of Commerce, …

Sharp fall in agri exports prompts govt to push perishables
7 months, 2 weeks ago

Sharp fall in agri exports prompts govt to push perishables

Hindustan Times  

India’s agricultural exports plunged nearly 9% in the first 11 months of 2023-24, prompting authorities to work on fresh strategies to push shipments of perishables and fruits, especially to offset the impact of the country’s bans on rice, wheat, sugar and onion exports, a senior official said. Curbs on shipments by the world’s second-largest producer of wheat, rice and sugar …

What are the regulations with respect to rice prices? | Explained
10 months, 2 weeks ago

What are the regulations with respect to rice prices? | Explained

The Hindu  

February 09, 2024 08:30 am | Updated 11:45 am IST The story so far: The Indian government recently made it mandatory for all traders, wholesalers, retailers, and millers to declare their respective rice stocks. In the year 2022-2023, India produced 135 million tonnes of rice, which is 62.84 lakh tonnes higher than the previous year. While Basmati rice prices are …

Indian rice exporters expect to face challenges due to policy risks, high prices in 2024
11 months, 2 weeks ago

Indian rice exporters expect to face challenges due to policy risks, high prices in 2024

The Hindu  

Indian rice exporters anticipate 2024 to be a challenging year marked by policy uncertainties and elevated local prices, hindering the normalisation of rice exports from the country. According to S&P Global Commodity Insights, the Indian Government's policy intervention in 2023, including banning non-Basmati white rice exports, imposing a 20 per cent duty on parboiled rice exports, and setting a minimum …

Rice output expected to drop this year, govt may extend curbs on exports
1 year, 1 month ago

Rice output expected to drop this year, govt may extend curbs on exports

Firstpost  

The weaker output along with persistently high domestic rice prices ahead of five state elections this month and a general election next year have left farmers and traders worried that the government will prolong restrictions on exporting the grain. India’s rice production is expected to drop in 2023, raising the prospect that the central government will extend curbs on exports …

Basmati traders to go on strike as Centre keeps floor price unchanged
1 year, 2 months ago

Basmati traders to go on strike as Centre keeps floor price unchanged

Hindustan Times  

After the Union government refused to accept the demand of the rice exporters to bring down the minimum export price of aromatic long-grained basmati rice to US $ 850 per tonne from $1,200, the rice exporters and traders of Haryana have declared an indefinite strike from Sunday, following which they will not procure paddy from the farmers and mandis. The …

Export ban on rice is regulation rather than restriction for food security: India to WTO's agriculture committee meet
1 year, 2 months ago

Export ban on rice is regulation rather than restriction for food security: India to WTO's agriculture committee meet

The Hindu  

India has said that the export ban on rice is a regulation rather than a restriction and is crucial for securing the food security of 1.4 billion people, according to an official. The Geneva-based official said that in the meeting, India reiterated its commitment to ensure food security in importing countries by granting exemptions to those in need upon their …

Singapore may get more rice from India
1 year, 2 months ago

Singapore may get more rice from India

Live Mint  

India may allow exports of another 50,000 tonnes of non-basmati white rice to Singapore under humanitarian operations, making an exception for one of its key diplomatic partners, two government officials said. In August, Singapore requested around 110,000 tonnes of non-basmati white rice, following which India allowed exports of 50,000 tonnes. India up to 17 August in the current financial year …

India permits 75,000 tonne non-basmati white rice exports to UAE
1 year, 2 months ago

India permits 75,000 tonne non-basmati white rice exports to UAE

Firstpost  

Notably, the export of non-basmati white rice was prohibited from 20 July to check the domestic prices and ensure domestic food security India has allowed the export of non-basmati white rice to the tune of 75,000 tonnes to the UAE. Notably, the export of non-basmati white rice was prohibited from July 20 to check the domestic prices and ensure domestic …

Export bans and stocking limits: are they working? | Data
1 year, 3 months ago

Export bans and stocking limits: are they working? | Data

The Hindu  

September 20, 2023 02:32 pm | Updated 04:00 pm IST A policy brief issued by the Indian Council for Research on International Economic Relations said that the recent steps taken by the government to curb inflation, such as wheat and rice export bans and increasing export duties, were “knee-jerk approaches rather than a well-thought-out strategy”. Chart 2 | The chart …

Global rice prices surge 15-year high after India bans overseas rice exports: Report
1 year, 3 months ago

Global rice prices surge 15-year high after India bans overseas rice exports: Report

Hindustan Times  

Global rice prices reached a 15-year high in August after top exporter India banned some overseas sales of the grain, the Food and Agriculture Organization said on Friday. Representational image While global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white …

India clears non-Basmati rice exports to Bhutan, Mauritius, Singapore
1 year, 3 months ago

India clears non-Basmati rice exports to Bhutan, Mauritius, Singapore

Live Mint  

India on Wednesday permitted exports of limited quantities of non-basmati white rice to Bhutan, Mauritius and Singapore, according to a notification by Directorate General of Foreign Trade. Mint on 23 August first reported in an exception for two key diplomatic partners, India will supply 14,000 tonnes of non-basmati white rice this year to Mauritius and 79,000 tonnes to Bhutan under …

Explained | Understanding curbs on rice exports
1 year, 3 months ago

Explained | Understanding curbs on rice exports

The Hindu  

The story so far: In a move to check domestic rice prices and ensure domestic food security, the Indian government has prohibited the export of white rice, levied a 20% export duty on par-boiled rice till October 15, and permitted the export of Basmati rice for contracts with value of $1,200 a tonne or above. Non-Basmati rice shipments were 7.5% …

India decides to allow rice export to Singapore: MEA
1 year, 3 months ago

India decides to allow rice export to Singapore: MEA

Deccan Chronicle  

New Delhi: In view of the "special relationship" with Singapore, India has decided to allow the export of rice to "meet the food security requirements" of the Southeast nation, the Ministry of External Affairs said. Last Sunday, the government said it has received credible field reports regarding misclassification and illegal export of non-basmati white rice. The central government on July …

India to export rice to Singapore despite curbs, says External Affairs Ministry
1 year, 3 months ago

India to export rice to Singapore despite curbs, says External Affairs Ministry

The Hindu  

August 30, 2023 12:17 am | Updated 05:22 am IST - NEW DELHI India will allow export of rice to Singapore despite restrictions on export of the product. In view of this special relationship, India has decided to allow export of rice to meet the food security requirements of Singapore,” said Ministry of External Affairs spokesperson Arindam Bagchi. According to …

India allows export of rice to Singapore
1 year, 3 months ago

India allows export of rice to Singapore

Hindustan Times  

India has decided to allow export of rice to Singapore to meet the food security requirements of the South East Asian nation. “India and Singapore enjoy a very close strategic partnership, characterised by shared interests, close economic ties and strong people to people connect", external affairs ministry spokesperson Arindam Bagchi said in response to queries on export of rice to …

Basmati rice exporters express ‘shock’ over curbs, demand urgent solution
1 year, 3 months ago

Basmati rice exporters express ‘shock’ over curbs, demand urgent solution

The Hindu  

After the Centre imposed restrictions on the export of the aromatic, long-grain basmati rice, the rice exporters in Punjab have criticised the move, saying the decision has put the rice export sector in disarray and that it would result in huge financial losses. The Union Commerce Ministry, last week, directed the Agricultural and Processed Food Products Export Development Authority, the …

Government imposes restrictions on export of Basmati rice
1 year, 3 months ago

Government imposes restrictions on export of Basmati rice

The Hindu  

By banning the export of Basmati rice valued at less than $1,200 per metric tonne, the Union government on August 28 ensured additional safeguards for its export ban on non-Basmati white rice. The Union Commerce Ministry said it had directed the Agricultural & Processed Food Products Export Development Authority, the agency responsible for regulation of export of Basmati rice, that …

Govt decides not to allow basmati rice exports below USD 1,200/tonne
1 year, 3 months ago

Govt decides not to allow basmati rice exports below USD 1,200/tonne

Deccan Chronicle  

New Delhil: The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible “illegal” shipment of white non-basmati rice in the garb of premium basmati rice. According to the statement of the commerce ministry, the government has issued instructions to APEDA to introduce additional safeguards to prevent the possible illegal exports of …

Centre imposes conditional curbs on basmati rice export
1 year, 3 months ago

Centre imposes conditional curbs on basmati rice export

Hindustan Times  

The Union government has temporarily halted export of any basmati rice consignment being sold overseas for less than $1200 a tonne, while shipments contracted above that price threshold will continue to be allowed, according to an order issued on Saturday. The new measure temporarily halts all basmati rice exports contracted at a price lower than $1200 a ton The move …

Govt decides not to allow basmati rice exports below $ 1,200 per tonne
1 year, 3 months ago

Govt decides not to allow basmati rice exports below $ 1,200 per tonne

India TV News  

The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice. According to the statement of the commerce ministry, the government has issued instructions to APEDA to introduce additional safeguards to prevent the possible illegal exports of white non-basmati …

Govt. imposes 20% export duty on parboiled rice
1 year, 3 months ago

Govt. imposes 20% export duty on parboiled rice

The Hindu  

The government has imposed a 20% duty on the export of parboiled rice, a move aimed at maintaining adequate local stock and keep domestic prices under check. Last month, the government banned exports of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season. In the April-June period of this fiscal, about …

How India’s ban on some rice exports is ricocheting around the world
1 year, 4 months ago

How India’s ban on some rice exports is ricocheting around the world

Al Jazeera  

India’s decision to ban exports of some rice was based on domestic reasons, but it’s had a global impact. “Earlier rice was trading for $550 per metric tonne, now prices are hovering above $650,” Nitin Gupta, senior vice president of Olam Agri India Private Limited, one of India’s biggest rice exporters, told Al Jazeera. Here’s an explainer on India’s role …

Data | Why India’s rice export ban impacts Asian and African nations the most
1 year, 4 months ago

Data | Why India’s rice export ban impacts Asian and African nations the most

The Hindu  

In the last couple of days, many panic-stricken Non-Resident Indians have thronged grocery stores and supermarkets in the United States to hoard bags of rice. This sudden rush followed the Indian government’s decision on July 20 to ban the export of non-basmati white rice to “ensure adequate availability in the Indian market and to allay the rise in prices in …

India’s rice export curbs could prove too myopic for its good
1 year, 4 months ago

India’s rice export curbs could prove too myopic for its good

Live Mint  

Global food markets have been thrown into some chaos yet again —not only because of Russia’s decision to pull out of the Black Sea grain deal, but also India’s announcement that it would ban the export of many varieties of rice. The partial exit of the rice market’s largest trading nation, with about a 40% share of exports, has led …

IMF encourages India to remove export ban on non-basmati rice
1 year, 4 months ago

IMF encourages India to remove export ban on non-basmati rice

Live Mint  

The International Monetary Fund has encouraged India to remove export restrictions on non-basmati rice. The Indian government on July 20 banned the export of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season, which constitutes about 25% of the total rice export of the country. In an official statement, the food …

Govt bans exports of non-basmati white rice. What will be impact in US
1 year, 4 months ago

Govt bans exports of non-basmati white rice. What will be impact in US

India TV News  

The Government of India has recently announced a ban on the export of non-basmati white rice with immediate effect to stabilise the volatile retail prices in the country. In a statement on July 20, the Ministry of Food and Public Distribution said that in order to ensure adequate availability of non-basmati white rice in the Indian market and to reduce …

Indian Govt's Rice Export Ban Impacts US market: Businesses Make Hilarious Offers
1 year, 5 months ago

Indian Govt's Rice Export Ban Impacts US market: Businesses Make Hilarious Offers

Deccan Chronicle  

On Thursday 20th July 2023, Indian government banned the export of non- basmati white rice with immediate effect triggering panic buying of the commodity in the US and other international markets. Within hours of this decision, NRI community in the US, especially people hailing from south Indian states, got into the panic buying mode to hoard Sona Masuri, their preferred …

Videos Show NRI Panic Buying Rice in US As Indian Govt Imposes Ban on Export
1 year, 5 months ago

Videos Show NRI Panic Buying Rice in US As Indian Govt Imposes Ban on Export

News 18  

The Indian government’s decision to impose a ban on the export of non-basmati white rice has triggered panic buying among NRIs in the United States. Several videos which have gone viral on social media show Indians queueing up outside grocery stores in order to hoard rice packets. The decision came on Thursday when the Indian government issued a notification through …

Hoarding game! Indians in US and Canada stock up rice after govt bans export, long queues outside grocery stores
1 year, 5 months ago

Hoarding game! Indians in US and Canada stock up rice after govt bans export, long queues outside grocery stores

Hindustan Times  

Government of India's decision to ban export of non-basmati rice has triggered a hoarding race among Indian-Americans. Notably, On Thursday, India put a ban "with immediate effect" on the export of non-basmati white rice. The Ministry of Consumer Affairs, Food and Public Distribution said, “In order to ensure adequate availability of non-basmati white rice in the Indian market and to …

India’s rice export ban triggers panic buying in US
1 year, 5 months ago

India’s rice export ban triggers panic buying in US

The Hindu  

Published : Jul 22, 2023 14:14 IST - 2 MINS READ India’s ban on the export of non-basmati white rice has led to long lines at stores all over the US, with panic-stricken people eager to stock up on their staple. The Food and Consumer Affairs Ministry on July 20 banned the export of non-basmati white rice, with immediate effect, …

Will India’s rice export ban cause surge in prices globally?
1 year, 5 months ago

Will India’s rice export ban cause surge in prices globally?

Firstpost  

India has halted the export of non-basmati white rice, raising fears of a further increase in the grain’s prices globally. The move comes as key rice-growing states across the country have been affected by uneven rainfall this year India has banned the export of non-basmati white rice in a bid to control domestic prices. Reuters says India’s ban could nearly …

Centre bans export of non-basmati white rice to check price rise
1 year, 5 months ago

Centre bans export of non-basmati white rice to check price rise

The Hindu  

The Centre banned the export of non-basmati white rice on Thursday. The Directorate General of Foreign Trade under the Union Commerce Ministry announced in a notification that the ban would come into effect immediately and exemptions would be given only if the loading of non-basmati rice on the ship had commenced before the notification or the shipping bill was filed …

India considers a rice export ban – what would that mean for the world?
1 year, 5 months ago

India considers a rice export ban – what would that mean for the world?

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Global prices for rice could soar again as the world’s largest supplier, India, considers banning …

Centre may continue curbs on wheat export
1 year, 10 months ago

Centre may continue curbs on wheat export

Live Mint  

New Delhi: India may extend its ban on wheat exports beyond March and continue to curb shipments of non-premium rice to tamp down local prices while expanding purchases of cereal stocks that are at their lowest in five years, two people familiar with the development said. The government banned wheat export in May 2022 as shipments quickened due to the …

India lifts export ban on organic non-basmati rice
2 years ago

India lifts export ban on organic non-basmati rice

Firstpost  

The ban on exports assumed significance at that point as it appeared that the overall sown area under paddy this Kharif season could be lower than that of last year New Delhi: India has decided to lift the ban on exports of organic non-basmati rice, including broken rice, a notification by the Directorate General of Foreign Trade said on Tuesday. …

India amends policy on rice export: Understanding the rationale behind it
2 years, 3 months ago

India amends policy on rice export: Understanding the rationale behind it

Firstpost  

The changes have been done keeping in mind the need to support the ethanol-blending programme that saves costly oil imports and help the animal husbandry and poultry sectors by reducing the cost of animal feed that has a bearing on the price of milk, meat and eggs New Delhi: The recent changes in India’s rice exports policy have been done …

Explained | The ban on the export of broken rice
2 years, 3 months ago

Explained | The ban on the export of broken rice

The Hindu  

The story so far: On September 9, the Centre instituted a ban on the export of broken rice. The Secretary at the Department of Food and Public Distribution Sudhanshu Pandey stated that the measures would ensure adequate availability of broken rice for consumption by the domestic poultry industry and for other animal feedstock. The total ethanol produced from rice lifted …

India’s rice export ban to further strain global good supplies
2 years, 3 months ago

India’s rice export ban to further strain global good supplies

Live Mint  

India banned exports of broken rice and levied a tax on other key varieties in a move that would add to global inflationary pressure and exacerbate food supply pains caused by the war in Ukraine. Global buyers are depending on India—the world’s top rice exporter—to shore up food supplies since Russia invaded Ukraine, a major wheat grower, which roiled global …

Rice exports may fall by 4-5 MT post ban on broken rice, 20% duty, say exporters
2 years, 3 months ago

Rice exports may fall by 4-5 MT post ban on broken rice, 20% duty, say exporters

The Hindu  

India’s rice exports could fall by 4-5 million tonnes this fiscal year due to the ban on broken rice as well as export duty on non-basmati rice, except for parboiled grains, exporters said. “The exports may fall to 16-17 MT in this financial year because of the ban on broken rice and 20% export duty,” All India Rice Exporters Association …

Discover Related