Rice exports may fall by 4-5 MT post ban on broken rice, 20% duty, say exporters
2 years, 6 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 former president Vijay Setia told PTI. On Friday, food secretary Sudhanshu Pandey explained the rationale behind the ban on exports of broken rice. There has been an “absolutely abnormal” rise in shipments of broken rice and broken grains were also not available in sufficient quantity for animal feed as well as ethanol blending programme, Mr. Pandey had said.

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History of this topic

Export Ban On Broken Rice Goes: Is It Good For All?
2 weeks, 2 days ago

Export Ban On Broken Rice Goes: Is It Good For All?

ABP News  

India, one of the world’s largest rice producers, has long imposed strict regulations on the production and procurement of rice. In September 2022, the Government of India imposed an export ban on broken rice to ensure domestic availability. The government had said the ban was put in place as there was a steady rise in the export of broken rice …

India lifts export ban on broken rice, global prices may fall
2 weeks, 6 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 …

India-U.S. trade: Small exporters seek import duty cuts to counter U.S. steel, aluminium tariffs
3 weeks, 2 days ago

India-U.S. trade: Small exporters seek import duty cuts to counter U.S. steel, aluminium tariffs

The Hindu  

India's small engineering goods exporters have urged the government to cut import tariffs on some U.S. goods to try and achieve more favourable trade terms as President Donald Trump prepares to implement new steel and aluminium duties, the head of an industry body said. "Of India's $20 billion annual engineering goods exports, nearly $7.5 billion worth of shipments could be …

‘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,” …

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

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 …

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 …

Dwindling rice exports trouble Kakinada port
4 months, 2 weeks ago

Dwindling rice exports trouble Kakinada port

Deccan Chronicle  

According to sources, recently, Indonesia floated tenders for rice imports. Competition from other ports is another contributing factor to the reduction in cargo at Kakinada port. According to sources, the Visakhapatnam port recently reduced its charges to Rs 112 per tonne from the previous Rs 350 and the exporters can engage their own labour and do not need to depend …

Driven by abundant monsoon, bumper kharif harvest likely
4 months, 3 weeks ago

Driven by abundant monsoon, bumper kharif harvest likely

Hindustan Times  

NEW DELHI The country is also likely to reap higher quantities of certain oilseeds, such as soyabean, which together with robust cereals production could help to put a lid on a stubborn spell of high food inflation. The country is also likely to reap higher quantities of certain oilseeds, such as soyabean, which together with robust cereals production could help …

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

Rice battle heats up as India, Pakistan lift export curbs

Al Jazeera  

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

Government lifts ban on export of non-basmati white rice
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. …

Japan grapples with high rice prices amid shortage
6 months 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 …

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 …

Punjab: Basmati growers’ body calls for minimum export price waiver as int’l sales plummet
6 months, 2 weeks ago

Punjab: Basmati growers’ body calls for minimum export price waiver as int’l sales plummet

Hindustan Times  

The basmati exporters association has urged the Agricultural and Processed Food Products Export Development Authority to waive the minimum export price on basmati rice in wake of the recent dip in international sales and price crash. “Despite the reduction, the export price is very high which is driving away international buyers,” said Ashok Sethi, director, basmati exporters association. {{^userSubscribed}} {{/userSubscribed}} …

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

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

Hindustan Times  

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

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

Rice, a Political Tool | India’s Ban on Non-Basmati White Rice Leaves Global Rice Market in Perilous State
7 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
8 months, 1 week 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, …

3 rice stocks surge up to 14.5% on reports of India considering easing rice export limits
8 months, 2 weeks 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
8 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 …

Centre to resume rice sale to states, pvt traders
8 months, 3 weeks ago

Centre to resume rice sale to states, pvt traders

Hindustan Times  

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

India’s rice exports drop 34% in Q1 of FY25 as export curbs continue
8 months, 4 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 …

Govt allows 2,000 tonnes non-basmati white rice exports to Malawi, Zimbabwe
9 months, 1 week ago

Govt allows 2,000 tonnes non-basmati white rice exports to Malawi, Zimbabwe

Business Standard  

India has earlier also allowed such exports to countries like Nepal, Cameroon, Cote D' Ivore, Guinea, Malaysia, Philippines, and Seychelles | Representative Photo: Bloomberg The government has permitted exports of 2,000 tonnes of non-basmati white rice to two African nations - Malawi and Zimbabwe. Though exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic …

India allows export of non-Basmati white rice to Mauritius
10 months, 3 weeks ago

India allows export of non-Basmati white rice to Mauritius

New Indian Express  

NEW DELHI: The central government has permitted exports of 14,000 tonne of non-basmati white rice to Mauritius, an official notification showed. Notably, the export of non-Basmati white rice was prohibited in July 2023 to check domestic prices and ensure domestic food security. In late August, India also introduced additional safeguards by way of imposing a minimum floor price on exports …

Sharp fall in agri exports prompts govt to push perishables
10 months, 3 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, 3 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 …

Govt aims to grab 10% agri exports market
11 months 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
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 …

Commerce ministry shifts focus to push fresh fruits and vegetables to US and EU
11 months, 3 weeks ago

Commerce ministry shifts focus to push fresh fruits and vegetables to US and EU

Live Mint  

New Delhi: With an export ban in place on rice and wheat, the union commerce ministry has shifted its focus to exports of agricultural products including fresh fruit and vegetables to new destinations, including the US, European Union and African countries, two persons said. This move, being rolled out by the Agricultural and Processed Food Products Export Development Authority is …

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 …

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 …

Overseas orders and busy wedding season boost basmati rice business
1 year, 2 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 …

Agri-commodities exports decline to 17.93 lakh tonnes in September: APEDA
1 year, 3 months ago

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

The Hindu  

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

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

Steps in place to check price rise during festival season: Centre
1 year, 5 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 …

Basmati traders to go on strike as Centre keeps floor price unchanged
1 year, 5 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 …

Malaysians urged not to panic-buy local rice after import prices rise substantially
1 year, 5 months ago

Malaysians urged not to panic-buy local rice after import prices rise substantially

The Hindu  

Malaysia's government has reassured the country that enough rice is available and urged people not to hoard locally produced rice after recent panic-buying led to empty shelves in supermarkets and grocery stores nationwide. Agriculture and Food Security Minister Mohamad Sabu said Monday the government will increase distribution to rural areas to address a supply issue sparked by a hike in …

Export ban on rice is regulation rather than restriction for food security: India to WTO's agriculture committee meet
1 year, 6 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, 6 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 …

Singapore may get more rice from India
1 year, 6 months ago

Singapore may get more rice from India

Live Mint  

India may allow exports of another 50,000 tonnes of non-basmati white rice to Singapore under humanitarian operations, making an exception for one of its key diplomatic partners, two government officials said. In August, Singapore requested around 110,000 tonnes of non-basmati white rice, following which India allowed exports of 50,000 tonnes. India up to 17 August in the current financial year …

India permits 75,000 tonne non-basmati white rice exports to UAE
1 year, 6 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, 6 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, 6 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 …

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

India clears non-Basmati rice exports to Bhutan, Mauritius, Singapore
1 year, 6 months ago

India clears non-Basmati rice exports to Bhutan, Mauritius, Singapore

Live Mint  

India on Wednesday permitted exports of limited quantities of non-basmati white rice to Bhutan, Mauritius and Singapore, according to a notification by Directorate General of Foreign Trade. Mint on 23 August first reported in an exception for two key diplomatic partners, India will supply 14,000 tonnes of non-basmati white rice this year to Mauritius and 79,000 tonnes to Bhutan under …

Explained | Understanding curbs on rice exports
1 year, 6 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% …

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