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 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, Bloomberg reported, citing people familiar with the matter. {{^adFree}} {{/adFree}} India’s total rice exports dropped by 21% year-on-year to 2.9 million tons in the first two months of the fiscal year beginning April 1, according to government data.

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History of this topic

India’s rice stocks hit record high, wheat reserves deplete
4 days, 21 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 …

UP govt to launch new export policy to increase its trade share to 7.5%
3 weeks, 2 days ago

UP govt to launch new export policy to increase its trade share to 7.5%

Live Mint  

The Uttar Pradesh government is working to unveil a new export policy for 2025-30, aiming to significantly enhance the state’s contribution to India’s overall exports. In an interview, UP’s minister for industrial development and export promotion Nand Gopal Gupta said the proposed policy targets increasing the state's share in India’s total exports to 7.5%, up from the current share of …

Government lifts ban on export of non-basmati white rice
3 months, 2 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. …

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 …

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, …

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 …

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 …

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 …

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 …

On Maldives’ request, India clears export of food items including rice, wheat
9 months, 1 week 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 …

Govt to launch 'Bharat rice' at subsidised rate to provide relief to consumers | Check rates here
11 months, 1 week 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
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 …

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 …

Steps in place to check price rise during festival season: Centre
1 year, 2 months ago

Steps in place to check price rise during festival season: Centre

The Hindu  

Union Food Secretary Sanjeev Chopra said here on Thursday that the Centre has taken adequate measures, including extension of restrictions on exports of sugar, wheat and rice, to ensure that the prices of these essential items do not increase further and remain stable during the festival season. Mr. Chopra said the 20% export duty on parboiled rice will remain till …

Export ban on rice is regulation rather than restriction for food security: India to WTO's agriculture committee meet
1 year, 3 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 …

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, 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 …

Centre imposes 20% export duty on parboiled rice
1 year, 4 months ago

Centre imposes 20% export duty on parboiled rice

Hindustan Times  

The Union government late on Friday imposed a 20% duty on exports of parboiled rice with immediate effect, according to a notification, expanding a range of curbs on overseas shipments of cereals amid high domestic prices. India, the world’s largest exporter of grain, had halted the export of white rice on July 20, sending global prices to a 12-year high …

Govt. imposes 20% export duty on parboiled rice
1 year, 4 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 …

India set to ban sugar exports for first time in 7 years
1 year, 4 months ago

India set to ban sugar exports for first time in 7 years

Live Mint  

India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first time in seven years, as a lack of rain has cut cane yields, three government sources said. “For the upcoming season, we will not have enough sugar to allocate for export quotas.” India allowed mills to export only 6.1 million …

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, 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, …

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 …

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 …

Centre may continue curbs on wheat export
1 year, 11 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, 1 month 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. …

TD alleges rice scam in AP, demands CBI probe
2 years, 2 months ago

TD alleges rice scam in AP, demands CBI probe

Deccan Chronicle  

Visakhapatnam: The opposition Telugu Desam has sought a CBI inquiry into the 'rice scam' allegedly involving civil supplies minister Karumuri Venkata Nageswara Rao and Kakinada MLA Dwarampudi Chandrasekhara Reddy. Speaking to the media in Mangalagiri on Tuesday, TD spokesperson K Pattabhiram said the sudden increase in rice exports through the Kakinada port at a time raised some questions. The involvement …

Indian export growth is on a stable momentum; what it means for retail investors
2 years, 2 months ago

Indian export growth is on a stable momentum; what it means for retail investors

Live Mint  

Despite global headwinds, Indian exports are rising due to a variety of factors such as the production-linked incentives scheme, multi-year high commodity and food prices and various other factors. According to the recent data released by the ministry of commerce, India's merchandise exports in September stood at $35.45 billion, up 4.82% as compared to USD 33.81 billion in September 2021. …

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 …

Should you hold rice mill stocks amid export curbs?
2 years, 4 months ago

Should you hold rice mill stocks amid export curbs?

Business Standard  

Last week, the government imposed 20 per cent export duties on various grades of rice like non-basmati, unmilled, semi-milled or totally milled, and husked brown. A blanket ban on broken rice, too, was imposed as domestic supplies dwindled, after below-average monsoon season. With this, India, which accounts for 40% of the global rice trade, stands to lose its world’s market …

India’s rice export curbs paralyse trade in Asia as prices rise
2 years, 4 months ago

India’s rice export curbs paralyse trade in Asia as prices rise

Live Mint  

India's restrictions on rice exports have paralysed trading in Asia, with buyers scouring for alternative supplies from Vietnam, Thailand and Myanmar where seller are holding off on deals as prices rise, industry officials said. India's rice exports reached a record 21.5 million tonnes in 2021, more than the combined shipments of the world's next four biggest exporters of the grain: …

1 million tonne grain stuck at ports, buyers refuse to pay export duty
2 years, 4 months ago

1 million tonne grain stuck at ports, buyers refuse to pay export duty

Live Mint  

Rice loading has stopped at Indian ports and nearly one million tonnes of grain are trapped there as buyers refuse to pay the government's new 20% export levy on top of the agreed contract price, five exporters told Reuters on Friday. India banned exports of broken rice and imposed a 20% duty on exports of various other types on Thursday …

India’s rice export ban to further strain global good supplies
2 years, 4 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, 4 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 …

India Bans Export Of Broken Rice, Imposes 20 Per Cent Duty On Non-Basmati Rice
2 years, 4 months ago

India Bans Export Of Broken Rice, Imposes 20 Per Cent Duty On Non-Basmati Rice

ABP News  

The Centre in a late night order on Thursday banned exports of broken rice and imposed a 20 per cent duty on exports of various grades of rice with immediate effect as India tries to augment supplies in an attempt to cool prices, Reuters said. The government banned exports of 100 per cent broken rice, which a few poor African …

India bans export of broken rice with aim to increase domestic supplies
2 years, 4 months ago

India bans export of broken rice with aim to increase domestic supplies

Firstpost  

The government on Thursday imposed a 20 per cent export duty on non-basmati rice, except for parboiled rice, to boost domestic supplies amid a fall in area under the paddy crop in the current Kharif season New Delhi: After imposing 20 per cent export duty on non-basmati rice, the government has banned the export of broken rice with an aim …

India bans export of broken rice with immediate effect
2 years, 4 months ago

India bans export of broken rice with immediate effect

Deccan Chronicle  

New Delhi: India banned the export of broken rice with immediate effect. Some exports will, though, be allowed till September 15, including for where loading of broken rice on the ship has commenced before this ban order, where the shipping bill is filed and vessels have already berthed or arrived and anchored in Indian ports and their rotation number has …

Broken rice exports banned as scanty rain hits output
2 years, 4 months ago

Broken rice exports banned as scanty rain hits output

Live Mint  

The Union government on Friday announced a ban on exports of broken rice, a day after it imposed a 20% duty on exports of paddy, husked rice, and semi-milled rice, as it expects a 10-12 million tonnes drop in rice production this fiscal due to deficient rainfall in major rice production states such as Uttar Pradesh, Bihar, Odisha and West …

India imposes 20% export duty on non-Basmati rice
2 years, 4 months ago

India imposes 20% export duty on non-Basmati rice

The Hindu  

The Centre on Thursday imposed an export duty of 20% on rice, brown rice, and semi-milled as well as wholly milled rice except for parboiled rice to boost domestic supplies, effective September 9. The Central Board of Indirect Taxes & Customs further said the export of ‘semi-milled or wholly-milled rice, whether or not polished or glazed‘ will also attract a …

India considers curbs on exports of 100% broken rice
2 years, 4 months ago

India considers curbs on exports of 100% broken rice

Live Mint  

India, the world's biggest rice exporter, is considering whether to restrict exports of 100% broken rice, government and industry officials told Reuters on Friday, after the paddy area has been reduced by a lack of rainfall. "We have been discussing whether we need some sort of curbs on 100% broken rice exports," said a senior government official involved in the …

Why rice exports may be next on list after wheat amid global supply risk
2 years, 6 months ago

Why rice exports may be next on list after wheat amid global supply risk

Live Mint  

Rice production is under threat in parts of Asia from higher fertilizer costs at a time when demand is increasing, posing a potential risk to food security and efforts to contain inflation. Crop yields may decline in Thailand, the world’s second-largest exporter, because of elevated prices for crop nutrients, according to a research unit of Kasikornbank Pcl, while in the …

Good monsoon outlook in India tempers fears of rice export curbs
2 years, 7 months ago

Good monsoon outlook in India tempers fears of rice export curbs

Live Mint  

Ample rice reserves in India, the world’s biggest exporter of the food staple, and expectations for bountiful monsoon rains should allay concerns about the possibility of any “drastic” measures to curb exports, according to National Commodities Management Services Ltd. “As things stand today, there is every reason to be optimistic for the crops to be good given the supportive monsoon,” …

After wheat and sugar, curb on rice exports next?
2 years, 7 months ago

After wheat and sugar, curb on rice exports next?

Firstpost  

Some have warned that a curb on rice exports could further upset the global community that is already irked over the wheat and sugar export ban After the Indian government curbed exports of wheat and sugar, now rice could be next to ensure enough domestic supply and stave off a price hike. Some have warned that a curb on rice …

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