WFP taps India for 200,000 tonnes of rice as global hunger worsens
1 year, 4 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, crucial for the global supply, collapsed last month as Russia withdrew stating the deal no longer justified its humanitarian purpose. Global food prices surged further after India restricted rice exports following Russia’s move. The official cited above said global food prices are high and availability is a major concern with grain movement restricted from Russia and Ukraine.

Food India Ukraine Russia Rice Black Sea Wfp  food  rice  tonnes  sought  sea  taps  200000  india  wfp  worsens  hunger  request  inflation  official  global

History of this topic

India’s WPI Inflation Drops to 1.89 Percent in November on Food Prices
1 week, 1 day ago

India’s WPI Inflation Drops to 1.89 Percent in November on Food Prices

Deccan Chronicle  

New Delhi: With the decline of prices of food items, especially vegetables and onions, India’s wholesale price index or WPI-based inflation fell to a three-month low of 1.89 per cent in November, down from 2.36 per cent in October, while the WPI-based inflation stood at 0.39 per cent in November last year, the government data showed on Monday. As per …

Indian farmers face profitability challenges as input costs rise 6.1%, outpacing MSP growth of 5.36%: Infomerics Ratings
3 weeks, 6 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 …

India Expects Relief in Food Inflation with Strong Kharif Harvest
4 weeks, 1 day ago

India Expects Relief in Food Inflation with Strong Kharif Harvest

Deccan Chronicle  

As per the report, India’s retail inflation jumped to 6.21 percent in October, a 14-month high, driven by elevated food inflation in a few vegetables. A bumper kharif harvest is expected to lower food inflation in the coming months," it said, adding that a favourable monsoon, adequate reservoir levels and higher minimum support prices are likely to boost rabi sowing …

Rising food prices push India’s wholesale inflation to four-month high in Oct
Trending News
1 month, 1 week ago

Rising food prices push India’s wholesale inflation to four-month high in Oct

Live Mint  

India's wholesale price index -based inflation rose to a four-month high of 2.36% in October due to rising food prices, showed the ministry of commerce and industry's provisional data on Thursday. On a year-on-year basis, the core WPI print rose to 0.3% in October," said Rahul Agrawal, senior economist, Icra Ltd. Elevated food prices have also pushed India's retail inflation, …

Spectre of food inflation haunts the economy again
1 month, 1 week ago

Spectre of food inflation haunts the economy again

New Indian Express  

It appears that the common man will have to further tighten his consumption belt. Government data released Tuesday showed vegetable prices were the main culprit, as they shot up over 42 per cent in October from a year ago—higher than the 36 per cent rise in September. Coupled with oil prices rising 9.51 per cent, fruits, cereals and pulses, food …

India’s retail inflation surges to 6.2% in October
1 month, 1 week ago

India’s retail inflation surges to 6.2% in October

The Hindu  

A 10.9% spike in food prices lifted India’s retail inflation to a 14-month high of 6.2% in October, from 5.5% in September, with prices of vegetables and edible oils escalating at a sharp pace not seen in recent years. October’s price rise pace marked a breach of the Reserve Bank of India’s upper tolerance limit for inflation, with rural India …

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, …

India may relax rice export restrictions to prevent domestic oversupply
5 months, 2 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 …

World food prices hold firm in June, UN's FAO reports
5 months, 2 weeks ago

World food prices hold firm in June, UN's FAO reports

Hindustan Times  

The United Nations world food price index held steady in June data showed on Friday, with increases in vegetable oil, sugar and dairy products offset by a fall in the price of cereals. The FAO index hit a three-year low in February as food prices receded from a record peak set in March 2022 following Russia's invasion of Ukraine. Cereal …

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 …

On Maldives’ request, India clears export of food items including rice, wheat
8 months, 2 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 …

QCI to conduct random sampling of Bharat rice, atta and pulses
9 months, 2 weeks ago

QCI to conduct random sampling of Bharat rice, atta and pulses

Live Mint  

New Delhi: Subsidized rice, wheat-flour and pulses that account for a substantial portion of government spending will be checked randomly for quality and quantity to ensure there is no diversion or adulteration, a senior official said. Mint last month reported that the government was planning to track and trace Bharat rice, atta and pulses for their quality in collaboration with …

WTO Meet: India seeks permanent solution to food security; to protect fishermen, farmers interest
9 months, 4 weeks ago

WTO Meet: India seeks permanent solution to food security; to protect fishermen, farmers interest

New Indian Express  

NEW DELHI: India will strongly oppose a China-led proposal for an investment facilitation pact besides pressing for finding a permanent solution to public stock holding of grains for food security and protection of the interests of fishermen at the WTO ministerial meeting beginning Tuesday. The key issue of India's interests at the meeting relates to finding a permanent solution for …

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 …

Wholesale Inflation Increases to 0.73% in December, Food Prices Rise Sharply
11 months, 1 week ago

Wholesale Inflation Increases to 0.73% in December, Food Prices Rise Sharply

News 18  

The Wholesale Price Index -based inflation rose in December 2023 to 0.73 per cent, mainly due to a sharp rise in food prices. Food inflation rose to 9.38 per cent in December from 8.18 per cent in November 2023. Meanwhile, India’s retail inflation, based on the Consumer Price Index, in December 2023 increased to a 4-month high of 5.69 per …

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 …

Global food prices declined from record highs in 2022, the UN says. Except for these two staples
11 months, 2 weeks ago

Global food prices declined from record highs in 2022, the UN says. Except for these two staples

Associated Press  

ROME — Global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022, when Russia’s war in Ukraine, drought and other factors helped worsen hunger worldwide, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, was …

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 …

RBI chief warns about India's 'recurring' food shock problem
1 year, 1 month ago

RBI chief warns about India's 'recurring' food shock problem

India Today  

Despite recent declines in retail inflation, India remains susceptible to "recurring and overlapping" food price shocks, cautioned Reserve Bank of India Governor Shaktikanta Das. "In these circumstances, monetary policy remains watchful and actively disinflationary to progressively align inflation to the target, while supporting growth," Governor Das said in a speech delivered in Japan. While retail inflation eased to a three-month …

Free grains continue to be a poll driver
1 year, 1 month ago

Free grains continue to be a poll driver

Hindustan Times  

Speaking at an election rally in Chhattisgarh, Prime Minister Narendra Modi announced that his government will extend the free ration scheme, which was scheduled to end in December this year, by another five years. This newspaper has also held the view that the government’s intervention on the food security front during the pandemic and the decision to sweeten the withdrawal …

World Food India 2023: Food sector has reached new heights, says Modi
1 year, 1 month ago

World Food India 2023: Food sector has reached new heights, says Modi

Hindustan Times  

India’s food diversity is a dividend for investors across the world, Prime Minister Narendra Modi said on Friday while inaugurating the second edition of the “World Food India 2023” at Bharat Mandapam in the national capital. Prime Minister Narendra Modi arrives to inaugurate the ‘World Food India 2023’ event, at Bharat Mandapam, in New Delhi Addressing the three-day event, the …

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 …

Food security: Effects of the climate crisis on agriculture
1 year, 2 months ago

Food security: Effects of the climate crisis on agriculture

Hindustan Times  

India's food security is at a crossroads, with the looming threat of climate change echoing across its agricultural economy. The road to food security is paved with several obstacles, ranging from food's nutritional value to its cost and safety, all under the ominous shadow of the climate crisis. India's food security is under increasing threat from the climate crisis, and …

Improve nutrition delivery and don't bristle at low rank
1 year, 2 months ago

Improve nutrition delivery and don't bristle at low rank

Live Mint  

The Global Hunger Index is a report published jointly by Concern Worldwide, an aid and humanitarian agency from Ireland, and Welthungerhilfe, an agency based in Germany. Their point is not wholly semantic, for placing India very low in the “hunger" index globally implies widespread starvation and a crisis of food security in the country. The index has four components, with …

World Food India's second edition to take place from November 3 to 5, announces Prahlad Patel
1 year, 2 months ago

World Food India's second edition to take place from November 3 to 5, announces Prahlad Patel

India TV News  

The second edition of the global mega food event, World Food India 2023, is scheduled to be organised from November 3 to 5 at Pragati Maidan in New Delhi. According to an official release, the Netherlands will be the ‘Partner Country’ in this edition of World Food India, while Japan and Vietnam are ‘Focus Countries’. Addressing the media on the …

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

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

The Hindu  

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

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war
1 year, 2 months ago

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war

Associated Press  

How do you cook a meal when a staple ingredient is unaffordable? At Nairobi’s major food market, Wakulima, the prices for onions from Tanzania were the highest in seven years, seller Timothy Kinyua said. Tanzania’s onion limits this year are part of the “contagion” of food restrictions from countries spooked by supply shortages and increased demand for their produce, said …

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 …

G-20 Summit 2023 | Resuming Black Sea grain trade will cool global food inflation: Finance Minister Sitharaman
1 year, 3 months ago

G-20 Summit 2023 | Resuming Black Sea grain trade will cool global food inflation: Finance Minister Sitharaman

The Hindu  

The G-20 leaders’ recommendation to revive the Black Sea Grain Initiative to help the movement of grains, food, and fertilisers from Russia and Ukraine to the rest of the world, would help ease inflation in several countries, but may not affect India’s own inflation trajectory much, Finance Minister Nirmala Sitharaman said. G-20 Summit 2023 Sept. 9 updates “On inflation, globally, …

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 …

ECONOMIC PERSPECTIVES | Why India is unable to curb inflation
1 year, 3 months ago

ECONOMIC PERSPECTIVES | Why India is unable to curb inflation

The Hindu  

Published : Sep 07, 2023 11:00 IST - 6 MINS READ Even as the Indian government celebrates the high growth rates that the increases in official GDP figures signal, it is haunted by the spectre of inflation. Wheat prices at the consumer level, which were falling relative to the previous year in the months preceding October 2021, started to rise …

Rice prices in Asia hit 15-yr high after India's 6-week campaign of curbs
1 year, 3 months ago

Rice prices in Asia hit 15-yr high after India's 6-week campaign of curbs

Business Standard  

By Ben Sharples and Anuradha Raghu In about six weeks, India has rattled the rice market. Rice prices in Asia jumped back near the highest level in almost 15 years on Wednesday after India slapped more curbs on parboiled and basmati over the previous weekend. “Spikes in rice prices always hurt poor consumers the most,” said Peter Timmer, Professor Emeritus …

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 …

Centre imposes 20% export duty on parboiled rice
1 year, 3 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 …

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 …

A rice shortage is sending prices soaring across the world. And things could get worse
1 year, 4 months ago

A rice shortage is sending prices soaring across the world. And things could get worse

Associated Press  

Francis Ndege isn’t sure if his customers in Africa’s largest slum can afford to keep buying rice from him. Wholesalers are yet to receive new stocks since India, the world’s largest exporter of rice by far, said last month that it would ban some rice shipments. It’s an effort by the world’s most populous nation to control domestic prices ahead …

Runaway prices cast a long political shadow
1 year, 4 months ago

Runaway prices cast a long political shadow

Hindustan Times  

An August 17 report in this newspaper said the government might extend the provision of free food grains under the National Food Security Act and continue to give ₹200 per LPG cylinder to beneficiaries of the Ujjwala scheme. Another report on August 18 noted that the central government is likely to assume a more and more proactive role in managing …

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 …

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 …

High food prices may be the new normal
1 year, 4 months ago

High food prices may be the new normal

Hindustan Times  

A vegetable price shock has sent India’s benchmark inflation rate to a 15-month high of 7.4% in July. The jump in headline inflation came despite a moderation in core inflation, which measures the non-food non-fuel part of the Consumer Price Index basket. In the textbook world of inflation targeting, high inflation is taken as a sign of an overheating economy, …

India should brace for a food inflation spike
1 year, 4 months ago

India should brace for a food inflation spike

Hindustan Times  

Most analysts expect India’s benchmark inflation measure, as measured by the Consumer Price Index to breach the 6% threshold in July. In July, tomatoes have played a big role, continuing to sell at very high prices, with signs that onions could generate additional tailwinds for food inflation. While price pressures from perishables such as onions and tomatoes will eventually die …

Rising food prices may undo recent respite from inflation
1 year, 4 months ago

Rising food prices may undo recent respite from inflation

The Hindu  

India’s retail inflation may have spiked close to or over the 6% upper tolerance threshold of the Reserve Bank of India in July, owing to a broad-based uptick in food prices, and could remain sticky in coming months, economists reckon. Core inflation may ease State Bank of India group chief economic adviser Soumya Kanti Ghosh is not as sanguine and …

Global food prices rise after Russia ends grain deal and India restricts rice exports
1 year, 4 months ago

Global food prices rise after Russia ends grain deal and India restricts rice exports

LA Times  

A farmer works in a rice paddy in June on the outskirts of Guwahati, India. Global prices for food commodities including rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food …

Global food prices rise after Russia ends grain deal and India restricts rice exports
1 year, 4 months ago

Global food prices rise after Russia ends grain deal and India restricts rice exports

Associated Press  

LONDON — Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, which tracks monthly …

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