India likely to continue curbs on wheat, rice exports
2 years, 1 month ago

India likely to continue curbs on wheat, rice exports

Hindustan Times  

India may extend its ban on wheat exports beyond March and continue curbs on overseas shipments of non-premium varieties of rice to cool local prices and expand the government’s purchases of cereal stocks, which are at their lowest level in five years, two people familiar with the development said. The government banned wheat exports in May last year as overseas sales from the world’s second-largest producer rose due to the Ukraine war at a time when production fell 2.5% due to a heatwave, straining availability. India’s curbs on food exports also stoke global prices, as the country is the world’s biggest overseas seller of rice. Such a scenario last year led to a sharp 58% decline in the government’s wheat procurement to 18.8 million tonne from the previous year’s 43.3 million tonne.

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Wheat purchase kicks-off in Haryana today
Trending News
1 day, 2 hours ago

Wheat purchase kicks-off in Haryana today

Hindustan Times  

The food, civil supplies and consumer affairs department of Haryana will on Tuesday start procurement of wheat as part of rabi marketing season 2025-26 at 415 purchase centres in the state, including 23 in Karnal. Out of this, Haryana has set the target to procure 75 lakh MT wheat at the minimum support price fixed at ₹2,425 per quintal. Apart …

India lifts export ban on broken rice, global prices may fall
3 weeks, 2 days ago

India lifts export ban on broken rice, global prices may fall

New Indian Express  

The Indian government has lifted the ban on the export of broken rice, a decision that could potentially lead to a drop in global rice prices. Experts estimate that India, the world's largest rice exporter, could ship over two million metric tonnes of broken rice to international markets. The Ministry of Commerce and Industry stated in the notification that India …

Wheat acreage at a three-year high: Forecast
4 weeks, 1 day ago

Wheat acreage at a three-year high: Forecast

Hindustan Times  

The size of India’s wheat crop, the main winter staple, has expanded to 328 million hectares, a three-year high, according to the season’s final estimates by the Roller Flour Millers’ Federation of India, the apex industry body. A senior official of the federation said geotagged surveys showed a robust jump in acreage, which will likely keep prices stable. “The crop …

Centre cuts wheat stock limits until March to curb hoarding, stabilize prices
1 month, 1 week ago

Centre cuts wheat stock limits until March to curb hoarding, stabilize prices

Live Mint  

New Delhi: As part of its ongoing efforts to regulate supply and curb price volatility, the government on Thursday revised wheat stock limits for traders, retailers, and chain store retailers, tightening the cap until 31 March. Similarly, big chain retailers, previously allowed to stock 5 tonnes per outlet, can now stock only 4 tonnes of wheat, with an overall cap …

‘Wholesale rice prices likely to go down by February’
2 months, 1 week ago

‘Wholesale rice prices likely to go down by February’

The Hindu  

With the prices of paddy going down this year as compared to last year, rice millers say this will augur well for consumers. “Wholesale rice prices should go down by ₹3-4 per kilo by February when the milled rice reaches the markets. This should also reflect in retail prices where the decrease would most likely be by ₹1–2 per kilo,” …

Paddy rate drops in Tamil Nadu, rice price may fall 10 per cent
2 months, 1 week ago

Paddy rate drops in Tamil Nadu, rice price may fall 10 per cent

New Indian Express  

MADURAI: The retail price of fine varieties of rice, which are being sold at Rs 60 to Rs 70 per kg, may come down by at least 10% over the next few weeks as paddy prices have dropped significantly in the open market. With bumper harvest expected this year, paddy prices have dropped in the open market by Rs 200 …

India’s rice stocks hit record high, wheat reserves deplete
2 months, 3 weeks 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 …

Government sets wheat procurement target at 30 million tonnes for 2025-26 season
2 months, 3 weeks ago

Government sets wheat procurement target at 30 million tonnes for 2025-26 season

The Hindu  

The government has set a conservative wheat procurement target of 30 million tonnes for the 2025-26 rabi marketing season, sources said. The lower procurement target comes despite the Agriculture Ministry aiming for a record wheat production of 115 million tonnes in the 2024-25 crop year. In 2024-25, government wheat procurement reached 26.6 million tonnes against a target of 30-32 million …

India exports 200,000 tonnes of rice to Bangladesh
3 months ago

India exports 200,000 tonnes of rice to Bangladesh

Live Mint  

Dhaka, December 27 : Bangladesh interim government has started importing rice from India. The consignment is part of an agreement to buy 200,000 tonnes of rice from India, a food official of Bangladesh said on Friday. "Bangladesh interim government will import another 100,000 tonnes of rice from India through tender, in addition to 200,000 tonnes of parboiled rice", he added. …

Rupee plunge pulls Indian rice rates to 17-month low
3 months ago

Rupee plunge pulls Indian rice rates to 17-month low

Live Mint  

* Thai traders foresee price drop post-New Year due to increased Indian supply * Supplies from autumn-winter harvest running low - Vietnam trader * Bangladesh imports rice from India through tenders By Ashitha Shivaprasad Dec 26 - Indian rice export prices extended declines to a 17-month low this week on depreciation in rupee to a record low, and demand remained …

Anticipating price rise, Centre imposes fresh caps on wheat inventories
3 months, 3 weeks 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 …

China's supply cut and global disturbances reduces India’s fertilizer imports
3 months, 4 weeks ago

China's supply cut and global disturbances reduces India’s fertilizer imports

Live Mint  

Chinese supply curbs and global supply chain disruptions have dragged down the production and imports of key fertilizers, casting a cloud over India's crop yields and farmer incomes. “Of the six million tonnes of fertilizers that India imports, China used to supply about two million tonnes. India imported a total of 10.65 million tonnes of phosphatic and potassic fertilizers in …

Govt to e-auction 25 LMT wheat to stabilise open market prices
4 months ago

Govt to e-auction 25 LMT wheat to stabilise open market prices

Live Mint  

The government has decided to offload 25 lakh metric tonnes of wheat under the Open Market Sales Scheme 2024, a move that is aimed at moderating wheat prices in the open market. The ministry of consumer affairs, food & public distribution has directed the Food Corporation of India to offload 25 LMT of wheat and conduct the sale via e-auctions, …

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

ASIA RICE-Thai prices hit 1-month high, Indian rates steady near 15-month low
4 months, 1 week ago

ASIA RICE-Thai prices hit 1-month high, Indian rates steady near 15-month low

Live Mint  

* Trading activity is quiet in Vietnam- trader * Buyers are holding back on purchases, says Indian trader * Thai rice exports were up 20% from January to October By Rahul Paswan Nov 21 - Thai rice export prices climbed to a one-month peak this week, buoyed by foreign demand, while Indian rice prices held steady near a 15-month low …

Indian wheat prices hit record high on strong demand, supply crunch
4 months, 2 weeks 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 …

Rice battle heats up as India, Pakistan lift export curbs
5 months, 4 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
6 months 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
6 months, 2 weeks 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 …

Govt starts selling onions at ₹35/kg to contain rising prices, improve local supplies
6 months, 3 weeks ago

Govt starts selling onions at ₹35/kg to contain rising prices, improve local supplies

Live Mint  

New Delhi: The government started selling onions at ₹35/kg on Thursday to contain rising prices, replicating the step taken to cool rising tomato prices earlier this year. “The subsidised onions will be sold in Delhi NCR and Mumbai in the first phase,” Union minister of consumer affairs and food distribution Pralhad Joshi said while launching the initiative. The subsidised onions …

Govt may relax export ban on non-basmati white rice amid surplus, says Pralhad Joshi
7 months 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
7 months, 1 week 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 …

From the pages of The Hindu, August 12, 1974: Food imports to maintain public distribution system
7 months, 2 weeks ago

From the pages of The Hindu, August 12, 1974: Food imports to maintain public distribution system

The Hindu  

New Delhi, August 11: The total quantity of foodgrains imported, including wheat received on loan from the Soviet Union during the 18 months from January 1973 to June 1974 was 6 million tonnes. There are clear indications that the Government wants to go in for more imports to maintain the public distribution system, as the internal procurement of wheat has …

India plans to ease rice export curbs as stocks surge to record, sources say
8 months, 2 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, …

Tomatoes at ₹90 per kg as vegetable prices soar across Delhi-NCR
8 months, 3 weeks ago

Tomatoes at ₹90 per kg as vegetable prices soar across Delhi-NCR

Hindustan Times  

Tomato prices in Delhi surged to ₹90 per kg as supplies have taken a hit due to monsoon rains in many states across the country. The rates of tomatoes have also gone up in the major wholesale vegetable markets of Delhi, including Azadpur Mandi, Ghazipur Mandi, and Okhla Sabzi Mandi. Sanjay Bhagat, a wholesale vegetable vendor in Azadpur Mandi, told …

India may relax rice export restrictions to prevent domestic oversupply
8 months, 3 weeks 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
8 months, 4 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 reaps record wheat output despite drop in area
8 months, 4 weeks ago

India reaps record wheat output despite drop in area

Hindustan Times  

Despite a fall in area under cultivation, India’s wheat production touched an all-time high of 112.92 million tonnes in the 2023-24 rabi season, which is 2.9% higher than the previous year. India’s wheat production touched an all-time high of 112.92 million tonnes in the 2023-24 rabi season, which is 2.9% higher than the previous year. According to data released by …

India’s rice exports drop 34% in Q1 of FY25 as export curbs continue
9 months 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
9 months, 1 week 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
10 months 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 …

Business News Highlights: Market Closes In Green, Sensex Over 73,100, Nifty Crosses 22,200
10 months, 2 weeks ago

Business News Highlights: Market Closes In Green, Sensex Over 73,100, Nifty Crosses 22,200

ABP News  

Business News Highlights: Hello and welcome to ABP Live's Business LIVE blog. GIFT Nifty trends indicate a positive opening for the broader index in India, showing a 0.30 per cent gain or 70 points. In addition, retail inflation in India eased slightly to 4.83 per cent in April from 4.85 per cent in March, as per data released by the …

Sharp fall in agri exports prompts govt to push perishables
10 months, 4 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 …

Government lifts ban on onion exports, imposes minimum export price of USD 550 per tonne
10 months, 4 weeks ago

Government lifts ban on onion exports, imposes minimum export price of USD 550 per tonne

India TV News  

The government today lifted the ban on onion exports but imposed a minimum export price of USD 550 per tonne. "The export policy of onions is amended from prohibited to free subject to MEP of USD 550 per metric ton with immediate effect and until further orders," the directorate general of foreign trade said in a notification. As per the …

Why are Pakistan’s wheat farmers protesting against the government?
10 months, 4 weeks ago

Why are Pakistan’s wheat farmers protesting against the government?

Al Jazeera  

Islamabad, Pakistan – Tens of thousands of farmers in Pakistan are holding protests in several cities over the government’s decision not to buy their wheat, causing them huge losses in income. The farmers in Punjab, the country’s largest province and often called the “bread basket” of Pakistan, are demanding that the government stop wheat imports that have flooded the market …

Wheat procurement sufficient for food-security schemes: Govt
11 months 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 …

On Maldives’ request, India clears export of food items including rice, wheat
11 months, 3 weeks ago

On Maldives’ request, India clears export of food items including rice, wheat

Hindustan Times  

NEW DELHI: The Indian government has cleared the supply of several essential commodities to the Maldives, including items such as rice, wheat and onions whose exports are currently banned, amid a downturn in relations between the two sides. President Muizzu has repeatedly said in recent weeks that he intends to reduce the Maldives’ dependence on any one country for food …

Centre mandates weekly reporting on wheat stocks to prevent hoarding
1 year ago

Centre mandates weekly reporting on wheat stocks to prevent hoarding

The Hindu  

Traders, retailers and food processors must declare wheat stocks every Friday from April to prevent hoarding and price spikes, the government said on Friday. The second biggest global wheat consumer after China has been trying to contain wheat prices after heat waves hit production for two straight years, forcing the government to sell record volumes to boost domestic supplies. The …

Centre brings wheat and rice under price stabilization fund
1 year ago

Centre brings wheat and rice under price stabilization fund

Live Mint  

New Delhi: The government has approved inclusion of wheat and rice under its price stabilization fund after it started selling Bharat atta and rice as part of its retail intervention in a bid to tame inflation as prices are soaring ahead of general elections, a government official said. The new step will see the government give a payout to the …

Wheat output to reach 112 mn tonne during 2023-24: Centre
1 year, 1 month ago

Wheat output to reach 112 mn tonne during 2023-24: Centre

Hindustan Times  

Output of winter-sown wheat is set to be a record 112 million tonne during 2023-24, compared to last year’s 110 million tonne, while summer-sown rice is estimated at 111 million tonne, 0.9% higher than the previous year, the Union government’s second advance estimates of foodgrains production released on Thursday showed. Spread over kharif and rabi seasons of 2023-24, total cereal …

What are the regulations with respect to rice prices? | Explained
1 year, 1 month 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
1 year, 1 month 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, 2 months 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, 2 months 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 …

Overseas orders and busy wedding season boost basmati rice business
1 year, 3 months 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 …

Ban on onion exports, curbs on wheat stocks as govt. battles rising food prices
1 year, 3 months ago

Ban on onion exports, curbs on wheat stocks as govt. battles rising food prices

Live Mint  

The government has banned exports of onion and imposed additional limits on stocking of wheat as it seeks to augment availability of these key staples and check rising food prices ahead of the general election next year. “The prevailing supply crunch in the market owing to the early depletion of stocks from the 2022-23 rabi season and estimated lower output …

Govt to reduce Bharat Atta price by ₹2/kg in festive sop
1 year, 4 months ago

Govt to reduce Bharat Atta price by ₹2/kg in festive sop

Live Mint  

The government plans to offload a quarter of a million tonnes of wheat into the country’s vast food distribution system and offer cut-price whole wheat flour made from it in the run-up to the last festival season of its term. “The Centre will offload 250,000 tonnes of wheat to Kendriya Bhandar, National Agricultural Cooperative Marketing Federation of India and the …

Rice output expected to drop this year, govt may extend curbs on exports
1 year, 4 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, 5 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 …

Govt cuts basmati rice export floor price to $950 per tonne
1 year, 5 months ago

Govt cuts basmati rice export floor price to $950 per tonne

Live Mint  

The Union government has decided to cut the minimum export price it set for basmati rice, a person aware of the development said, following complaints by traders that overseas shipments had become unviable. The government, which imposed a floor price of $1200 a tonne for overseas shipments in August to cool domestic prices, approved a decision to reduce it to …

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