India’s rice stocks hit record high, wheat reserves deplete
4 days, 15 hours ago

India’s rice stocks hit record high, wheat reserves deplete

Live Mint  

By Rajendra Jadhav MUMBAI, Jan 10 - India's rice stocks hit a record high at the start of January, reaching eight times the government's target, while wheat stocks continued to deplete as traders urged the government to increase wheat sales amid market shortages. Rice reserves in state granaries, including unmilled paddy, totalled 60.9 million metric tons of Jan. 1, compared to the government's target of 7.6 million tons, data compiled by the Food Corporation of India showed. Wheat stocks are not comfortable, considering that the government has been selling far less wheat in the open market than last year, said a Mumbai-based dealer with a global trade house. The government plans to sell 2.5 million tons of wheat from state reserves to bulk consumers in the year ending March 2025, compared to 10 million ton in the previous season.

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History of this topic

Anticipating price rise, Centre imposes fresh caps on wheat inventories
1 month ago

Anticipating price rise, Centre imposes fresh caps on wheat inventories

Hindustan Times  

NEW DELHI: The Centre on Wednesday further reduced the limit of wheat stocks that traders and millers can store at any given point, a step authorities said was necessary to tamp down prices. A worker sifts wheat before filling in sacks at the market yard of the Agriculture Product Marketing Committee on the outskirts of Ahmedabad Restricting the amount of …

Indian farmers face profitability challenges as input costs rise 6.1%, outpacing MSP growth of 5.36%: Infomerics Ratings
1 month, 2 weeks 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
2 months 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 …

Japan grapples with high rice prices amid shortage
3 months, 2 weeks ago

Japan grapples with high rice prices amid shortage

China Daily  

This photo taken on July 25, 2024 shows a supermarket worker putting up a sign informing customers purchasing rice to buy only one bag per person in Tokyo. Japan has been grappling with soaring rice prices amid a shortage of the staple grain in recent months due to myriad reasons including bad weather and hoarding by households after warnings of …

Steps taken to ensure food security
3 months, 3 weeks ago

Steps taken to ensure food security

China Daily  

By Li Lei in Beijing, Wu Yong in Shenyang,Wu Yong and Zhu Xingxin in Taiyuan | China Daily | Updated: 2024-09-20 06:56 SHI YU/CHINA DAILY Boasting over half of the country's soybean production, Northeast China's soybeans are renowned for their exceptional quality, thanks to a significant day-night temperature difference that provides a unique advantage in cultivation. Production plan The National …

Govt may relax export ban on non-basmati white rice amid surplus, says Pralhad Joshi
4 months, 2 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 …

China’s wheat imports to cool on local output gains, slowing demand
4 months, 3 weeks ago

China’s wheat imports to cool on local output gains, slowing demand

The Hindu  

China’s wheat buying spree is likely to slow in the second half of 2024 as higher domestic output and declining flour consumption reduce import demand in the world’s biggest consumer of the grain. Estimates for China’s July-to-December wheat imports range between 2 million and 4 million tons, according to a survey of one China-based and two Singapore-based grains traders, down …

India plans to ease rice export curbs as stocks surge to record, sources say
5 months, 4 weeks 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, …

The paradox of high food prices amid surpluses
5 months, 4 weeks ago

The paradox of high food prices amid surpluses

New Indian Express  

Shivraj Singh Chouhan has taken charge at New Delhi’s Krishi Bhawan as the Union agriculture minister. We face a peculiar situation where production estimates are reaching record levels, yet food prices are skyrocketing. The government claimed record wheat production last year, but had to impose stock limits on the grain on June 13, 2023. This year, too, government estimates set …

3 rice stocks surge up to 14.5% on reports of India considering easing rice export limits
6 months ago

3 rice stocks surge up to 14.5% on reports of India considering easing rice export limits

Live Mint  

India, the top rice exporter, may relax export restrictions to avoid a glut before the new crop arrives. Shares of Chaman Lal Setia Exports, KRBL, and LT Foods surged by as much as 13% in early trading on Tuesday following reports indicating that India, the world’s leading rice exporter, plans to ease restrictions on rice exports. India, the world’s top …

India may relax rice export restrictions to prevent domestic oversupply
6 months ago

India may relax rice export restrictions to prevent domestic oversupply

Hindustan Times  

India, the world’s top rice shipper, may relax restrictions on exports of some varieties to avoid a glut in the country before the new crop arrives in the market in October, according to people familiar with the matter. The authorities may also scrap a 20% tax on parboiled rice exports and impose a fixed levy instead to discourage under-invoicing of …

Centre to resume rice sale to states, pvt traders
6 months, 1 week 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
6 months, 2 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 …

India plans to reduce wheat import duty from July in a bid to cool prices
6 months, 3 weeks ago

India plans to reduce wheat import duty from July in a bid to cool prices

Live Mint  

India is set to resume wheat imports by lowering the duty on inbound shipments while also imposing stock limits on the grain, three officials said, in a new attempt to tame prices and boost supplies. Also this | Govt misses wheat procurement target for second consecutive year, procures 26.6 mt—28.7% lower than target “As per my understanding and discussions at …

India set for wheat imports after six years, to shore up reserves
7 months, 2 weeks ago

India set for wheat imports after six years, to shore up reserves

Hindustan Times  

* India set for wheat imports after six years, to shore up reserves India expected to scrap wheat import duty after June * Traders, flour millers likely to import wheat from Russia * New Delhi expected to restore wheat import tax after Sept * India aims for wheat reserves of 10 mln tons By Mayank Bhardwaj and Rajendra Jadhav NEW …

Record rice stocks may prompt higher public distribution
7 months, 2 weeks ago

Record rice stocks may prompt higher public distribution

Hindustan Times  

India’s rice stocks in state-owned granaries are at a record high and nearly four times the summer buffer target, prompting the Union government to look at ways to reduce inventories in the world’s second-biggest producer, which expects a robust crop this year, an official said. The government is required to have 13.5 million tonnes of rice as buffer stock beginning …

Sharp fall in agri exports prompts govt to push perishables
8 months, 1 week 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 …

Wheat procurement sufficient for food-security schemes: Govt
8 months, 2 weeks ago

Wheat procurement sufficient for food-security schemes: Govt

Hindustan Times  

The government’s procurement of wheat has crossed the minimum threshold quantity required to cater to all welfare schemes despite a delayed start, including distribution of free grains to nearly 800 million beneficiaries under the National Food Security Act, and authorities said they were on course to achieve grain-stocking targets for 2024. Procurement refers to purchases of grains by the Food …

Govt aims to grab 10% agri exports market
8 months, 3 weeks ago

Govt aims to grab 10% agri exports market

Hindustan Times  

The government is preparing a five-year action plan to grab 10% of the $405 billion exports market of 20 farm produce such as mangoes, banana, ghee, buffalo meat and alcoholic beverages, which could be unveiled by the central government after the general elections, officials aware of the development said. Centre is preparing a five-year action plan to grab 10% of …

What are the regulations with respect to rice prices? | Explained
11 months 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 targets wheat hoarders, halves stock limits again
11 months ago

Govt targets wheat hoarders, halves stock limits again

Live Mint  

The Union government has imposed another round of curbs on stocking of wheat, drastically lowering the limit for the second time since December as it seeks to prevent hoarding and speculation that could spike prices. “Officials of Central and state governments will be closely monitoring enforcement of these stock limits to ensure that no artificial scarcity of wheat is created …

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

India's wheat production likely to touch all-time high of 114 million tonnes in 2023-24 crop year
1 year ago

India's wheat production likely to touch all-time high of 114 million tonnes in 2023-24 crop year

India TV News  

Anticipating favourable conditions and increased coverage, a senior official from the food ministry said that wheat production is projected to reach a new milestone of 114 million tonnes in the current 2023-24 crop year. In the preceding 2022-23 crop year, wheat production achieved a record 110.55 million tonnes, surpassing 107.7 million tonnes from the previous year. Last year, the FCI's …

Rice output expected to drop this year, govt may extend curbs on exports
1 year, 2 months 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, 2 months 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 …

Basmati traders to go on strike as Centre keeps floor price unchanged
1 year, 3 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 …

Govt. limits wheat stocks to control price rise, hoarding
1 year, 4 months ago

Govt. limits wheat stocks to control price rise, hoarding

The Hindu  

Sensing an upward movement in wheat prices and fearing hoarding ahead of the festive season, the Centre has decided to reduce the stock limits of wheat for traders, wholesalers, retailers, big chain retailers and processors in all States and Union Territories. “Officials of Central and State Governments will be closely monitoring enforcement of these stock limits to ensure that no …

Global rice prices surge 15-year high after India bans overseas rice exports: Report
1 year, 4 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 …

Explained | Understanding curbs on rice exports
1 year, 4 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% …

Basmati rice exporters express ‘shock’ over curbs, demand urgent solution
1 year, 4 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 …

FCI to release rice and wheat into open market to stabilise prices
1 year, 4 months ago

FCI to release rice and wheat into open market to stabilise prices

The Hindu  

The Food Corporation of India, regional office, Amaravati, is offering 4,000 tonnes of wheat and 13,018 tonnes of rice under Open Market Sale Scheme-Domestic through e-auction to be held on August 30. As on date, 7,69,609 tonnes of rice and 12,125 tonnes of wheat is available with FCI, Andhra Pradesh. Chandrasekhar Joshi, general manager, FCI, Andhra Pradesh region, told The …

India considering to import 8-9 million tonnes of wheat from Russia amid inflation: Report
1 year, 4 months ago

India considering to import 8-9 million tonnes of wheat from Russia amid inflation: Report

India TV News  

India is reportedly in talks with Russia to import 8 to 9 million tonnes of wheat to help reduce the prices of the commodity in the domestic market, reported TASS news agency citing The Economic Times. Despite India needing only 3 to 4 million metric tonnes of wheat to plug a shortfall, it is considering a bigger import to have …

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 …

WFP taps India for 200,000 tonnes of rice as global hunger worsens
1 year, 5 months ago

WFP taps India for 200,000 tonnes of rice as global hunger worsens

Live Mint  

New Delhi: The World Food Programme has sought 200,000 tonnes of rice for its humanitarian operations from India, the largest exporter of the commodity, amid what it called “catastrophic levels” of global food insecurity triggered by the covid-19 pandemic and the Ukraine war, two people aware of the development said. The request comes after the UN-brokered Black Sea grain deal, …

India to offer 5 million tonne wheat to bulk consumers to cool prices
1 year, 5 months ago

India to offer 5 million tonne wheat to bulk consumers to cool prices

The Hindu  

India will provide 5 million metric tonne of wheat and 2.5 million tonne of rice to bulk consumers such as flour millers, as part of efforts to augment supplies and stabilise prices, a senior government official told reporters on Wednesday. The country has adequate stocks of wheat and rice which the government can release on the open market to stabilise …

Govt to sell additional 50 lakh tons wheat, 25 lakh tons rice in open market to contain price rise
1 year, 5 months ago

Govt to sell additional 50 lakh tons wheat, 25 lakh tons rice in open market to contain price rise

India TV News  

As inflation is soaring high in the country, the Union Government on Wednesday declared that it has decided to sell additional 50 lakh tonnes of wheat and 25 lakh tonnes of rice from the central pool in the open market in order to check the price rise. "The government has decided to offload 50 lakh tonnes of wheat and 25 …

After rice, is India looking at banning sugar exports?
1 year, 5 months ago

After rice, is India looking at banning sugar exports?

Firstpost  

For sweet lovers across the world, there could be some bitter news. The fears of a sugar export ban come at a time when the country’s food inflation has risen to 4.49 per cent in June, against a revised 2.96 per cent in May. A whopping 4.5 million tonnes is being diverted to make ethanol, a 9.8 per cent rise …

India cuts rice exports, triggering panic-buying of food staple by some Indian expats in the US
1 year, 5 months ago

India cuts rice exports, triggering panic-buying of food staple by some Indian expats in the US

Associated Press  

NEW YORK — Chatter on one of Prabha Rao’s WhatsApp groups exploded last week when India announced that it was severely curtailing some rice exports to the rest of the world, triggering worry among the Indian diaspora in the United States that access to a food staple from home might soon be cut off. Hoping to stave off inflationary pressures …

Data | Why India’s rice export ban impacts Asian and African nations the most
1 year, 5 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, 5 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 …

Govt bans exports of non-basmati white rice. What will be impact in US
1 year, 5 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 …

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, …

India considers a rice export ban – what would that mean for the world?
1 year, 6 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 …

Indonesia is one of the world's biggest rice producers, but plans to import extra rice from India in an El Niño emergency
1 year, 6 months ago

Indonesia is one of the world's biggest rice producers, but plans to import extra rice from India in an El Niño emergency

ABC  

The Indonesian government plans to import 1 million tonnes of rice from India in an "emergency" situation, despite Indonesia being one of the biggest rice producers in the world. Ronnie S Natawidjaja, director of the Centre for Sustainable Food Studies at Universitas Padjajaran, said Indonesia ideally should have rice stocks of at least 1 million to 1.5 million tonnes. "The …

Govt's rice procurement reaches 55.8 million tonnes and wheat 26.2 million tonnes so far
1 year, 6 months ago

Govt's rice procurement reaches 55.8 million tonnes and wheat 26.2 million tonnes so far

The Hindu  

The government's rice procurement has reached 55.8 million tonnes so far in the ongoing 2022-23 marketing season, benefitting 1.22 crore farmers with MSP of ₹1.7 lakh crore, the Food Ministry said on June 20. Wheat procurement has reached 26.2 million tonnes so far in the 2023-24 rabi marketing year, more than the last year's total procurement of 18.8 million tonnes. …

Government imposes stock limits on wheat to prevent hoarding
1 year, 7 months ago

Government imposes stock limits on wheat to prevent hoarding

The Hindu  

In order to manage overall food security and to prevent hoarding and unscrupulous speculation, the government has decided to impose stock limits on wheat for traders, wholesalers, retailers, big chain retailers and processors. "Respective legal entities, as above, have to declare the stocks position and update them regularly on the portal of the Department of Food and Public Distribution and …

World facing largest rice shortage in 20 years: What's causing it, how badly will India be affected?
1 year, 8 months ago

World facing largest rice shortage in 20 years: What's causing it, how badly will India be affected?

Firstpost  

The acute shortage of rice comes as a result of poor weather in China and Pakistan as well as the Ukraine war. CNBC quoted commodities analyst Charles Hart as saying, “At the global level, the most evident impact of the global rice deficit has been, and still is, decade-high rice prices.” But what’s behind the rice shortage? China in February …

Govt plans to double down on rice, millet stocking amid heat threat to wheat yield
1 year, 10 months ago

Govt plans to double down on rice, millet stocking amid heat threat to wheat yield

Hindustan Times  

The central government, aware of the high chances of heatwaves over food-bowl states and their potential impact on the wheat harvest, will get by with enough stock of rice and millets to meet the country’s food security needs, according to procurement plans put in place. The government aims to procure 34.1 million tonne of wheat at federally determined prices The …

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