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 Union government refused to bring down the minimum export price of aromatic long-grained basmati rice to US $ 850 per tonne from $1,200. “This decision to fix the MEP of US $1,200 per tonne is not justified as the average prices of basmati rice in the international market remained around US $ 925 in the past several years. The Union government had imposed a $1,200 per tonne MEP on basmati rice shipments in August this year to tame inflation and rice prices in the local market.

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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 …

Indian wheat prices hit record high on strong demand, supply crunch
1 month, 1 week ago

Indian wheat prices hit record high on strong demand, supply crunch

Deccan Chronicle  

Indian wheat prices have jumped to a record high due to strong demand, limited supplies, and a delay in the government releasing stocks from its warehouses to augment supplies, industry officials said on Tuesday.The record prices are likely to lift retail inflation that surged to a 14-month high in October, driven by a jump in vegetable prices and dashing hopes …

Basmati arrival up in mandis, prices down
2 months, 2 weeks ago

Basmati arrival up in mandis, prices down

Hindustan Times  

The arrivals of premium aromatic grain basmati in the mandis of Punjab is higher than the previous season by at least 10% but the price it has been fetching is less by one-third than the price at which the produce was sold last season. So far, 4.81 lakh tonnes of basmati has arrived in the state’s mandis which correspondingly last …

Rice battle heats up as India, Pakistan lift export curbs
2 months, 3 weeks ago

Rice battle heats up as India, Pakistan lift export curbs

Al Jazeera  

Islamabad, Pakistan – The global prices for different varieties of rice dropped on Monday after India and Pakistan made tit-for-tat moves to eliminate price caps and resume rice exports. Pakistan’s decision was influenced by India’s earlier removal of the MEP of $950 per metric tonne for Basmati rice in September. Khan said the price floor was introduced last year in …

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 …

Centre lifts minimum export price cap on onion, basmati rice to boost farmer income
3 months, 1 week ago

Centre lifts minimum export price cap on onion, basmati rice to boost farmer income

India Today  

The government on Friday scrapped the minimum price thresholds for onion and basmati rice to boost outbound shipments and enhance farmers' income. The decisions, including removal of the Minimum Export Price on both onion and basmati rice and a cut in the export duty, came ahead of assembly elections in Maharashtra and Haryana. According to a communication from the Department …

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}} …

Ludhiana MP Arora urges Centre to abolish minimum export price on Basmati rice
3 months, 2 weeks ago

Ludhiana MP Arora urges Centre to abolish minimum export price on Basmati rice

Hindustan Times  

Rajya Sabha member Sanjeev Arora has written to the Centre seeking immediate consideration and intervention in abolishing minimum export price imposed on Basmati rice. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} In the letters marked to Union minister of commerce and industry Piyush Goyal, minister of agriculture and farmers’ welfare Shivraj Singh Chouhan and minister of consumer affairs, food and public distribution Pralhad …

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 …

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, …

Centre to resume rice sale to states, pvt traders
5 months, 2 weeks ago

Centre to resume rice sale to states, pvt traders

Hindustan Times  

The Centre will resume sale of federally-held rice to states, which had been discontinued in June last year, at the time sparking protests by Opposition-ruled state governments, apart from selling the staple to private traders, steps aimed at paring record inventories, a person aware of the development said. Centre to resume rice sale to states, pvt traders The move to …

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 …

Rice prices up by 10-20% in wholesale market due to lower production
6 months, 2 weeks ago

Rice prices up by 10-20% in wholesale market due to lower production

Hindustan Times  

Navi Mumbai: It’s now time for rice to pinch the pocket. Traders at the Agricultural Produce Market Committee market in Vashi attributed the price rise to lower rainfall and dry weather last year, which led to lower rice production. APMC market in Vashi attributed the price rise to lower rainfall and dry weather last year, which led to lower rice …

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 …

Rice war: India’s strategic offensive to counter Pakistan’s EC plans
8 months ago

Rice war: India’s strategic offensive to counter Pakistan’s EC plans

Live Mint  

New Delhi: India is gearing up to challenge Pakistan's attempts to broaden the geographical indication tag for its Basmati rice. The extension of the GI tag for the premium variety of rice, from 14 to 48 districts in Pakistan, could have significant implications on India's export prospects to the European Union. “A comprehensive report to completely refute Pakistan’s claim is …

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 …

Govt to launch 'Bharat rice' at subsidised rate to provide relief to consumers | Check rates here
10 months, 2 weeks ago

Govt to launch 'Bharat rice' at subsidised rate to provide relief to consumers | Check rates here

India TV News  

The central government on Tuesday is set to introduce 'Bharat rice' at a subsidised rate of Rs 29 per kg, aiming to alleviate the impact of a 15 per cent surge in retail rice prices over the past year. 5 tonnes of rice in first phase In the initial phase, the Food Corporation of India will allocate 5 lakh tonnes …

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 …

Overseas orders and busy wedding season boost basmati rice business
11 months, 3 weeks ago

Overseas orders and busy wedding season boost basmati rice business

Hindustan Times  

​ India’s basmati growers and shippers are reaping robust profits and are looking at good tidings ahead in the new year due to brisk overseas orders and a busy wedding season at home, which have pushed up prices to a record high, analysts said. In the new season, over 600,000 tonne have been contracted for exports, while the value of …

Govt plans to sell FCI rice under Bharat brand; price not yet decided
11 months, 3 weeks ago

Govt plans to sell FCI rice under Bharat brand; price not yet decided

The Hindu  

In order to check rice inflation, the Government is considering a proposal to sell FCI rice under the 'Bharat' brand but the discounted rate has not yet been decided, a Food Ministry official said. x The Ministry's efforts to check retail rice prices by boosting domestic availability through sale of FCI rice via e-auction under the Open Market Sale Scheme …

Basmati export price may rise due to Red Sea unrest
11 months, 4 weeks ago

Basmati export price may rise due to Red Sea unrest

Live Mint  

NEW DELHI : Basmati rice export prices are likely to rise by about 20% due to rising logistics costs caused by trade route disruptions in the Red Sea region, two people with direct knowledge of the matter said. Raising a concerns over the fate of trade, former president of Rice Exporters Association, Vijay Setia, said: “Due to the ongoing disturbances, …

Agri-commodities exports decline to 17.93 lakh tonnes in September: APEDA
1 year ago

Agri-commodities exports decline to 17.93 lakh tonnes in September: APEDA

The Hindu  

Export of agri-commodities, including basmati rice, declined to 17.93 lakh tonnes in September this year compared to 27.94 lakh tonnes in the previous month, according to agri-export promotion body APEDA. However, shipments of farm items fell to nearly 18 lakh tonnes due to several restrictions on the export of various varieties of rice, including broken rice and non-basmati white rice. …

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 …

Data recap: Air quality, IT hiring, rice exports, and more
1 year, 1 month ago

Data recap: Air quality, IT hiring, rice exports, and more

Live Mint  

Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The union government has reportedly decided to slash the minimum export price for basmati rice from $1,200 a tonne to $950 a tonne, while Paytm founder and chief executive officer …

Haryana might fall short of 60 lakh MT procurement target of non-basmati paddy
1 year, 1 month ago

Haryana might fall short of 60 lakh MT procurement target of non-basmati paddy

Hindustan Times  

The Haryana government’s procurement of non-basmati paddy on the minimum support price this kharif season may fall short of the set target of 60 lakh tonnes due to a decline in the arrival of rice reported in the state mandis. Haryana might fall short of 60 lakh MT procurement target of non-basmati paddy With the harvesting of parmal varieties in …

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 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 …

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 …

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 …

FCI to Sell Wheat, Rice in Open Market on Aug. 23
1 year, 4 months ago

FCI to Sell Wheat, Rice in Open Market on Aug. 23

Deccan Chronicle  

VIJAYAWADA: Food Corporation of India Vijayawada regional office general manager Chandra Shekhar Joshi said Government of India has decided to release FCI wheat and rice in open market under its Open Market Sale Scheme to stabilise retail prices of wheat / atta and rice throughout the country. Consequently, 25 lakh metric tonnes of rice and 50 lakh metric tonnes of …

Nepal turns to India amid fears of food shortage in festive season, urges to export more rice, sugar
1 year, 4 months ago

Nepal turns to India amid fears of food shortage in festive season, urges to export more rice, sugar

India TV News  

The Nepal government has requested India to facilitate the supply of paddy, rice and sugar, a senior official said in Kathmandu on Wednesday. "Nepal has requested India to provide one million tonnes of paddy, 1,00,000 tonnes of rice, and 50,000 tonnes of sugar," he said. "No immediate shortage of rice and sugar in the market: Nepal Though there is no …

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 …

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 …

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