Basmati prices escalate in Haryana as market widens
2 years, 1 month ago

Basmati prices escalate in Haryana as market widens

Hindustan Times  

: The prices of the traditional basmati varieties of paddy in Haryana have registered a hike for the first time in several years, reaching over ₹ 6,000 per quintal, mainly due to the government agency HAFED foraying into the market and breaking the monopoly of private traders. Basmati prices escalate in Haryana as market widens With the harvesting of the traditional basmati sowing belts of the state on the last leg, the premium basmati varieties including PB 30 is being sold above ₹ 6,000 per quintal, while the other two varieties of Pusa 1121 and Pusa 1718 were also getting around ₹ 4,000 per quintal. Now, the prices have gone around ₹ 6,000 per quintal for the first time in the past several years,” said commission agent Mahinder Singh of Karnal’s Nilokheri grain market. Moreover, growers of the aromatic long-grain basmati rice earn around ₹ 10,000 per acre extra from the crop waste as they said that paddy straw is used as cattle fodder.

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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 …

Basmati arrival up in mandis, prices down
2 months, 2 weeks ago

Basmati arrival up in mandis, prices down

Hindustan Times  

The arrivals of premium aromatic grain basmati in the mandis of Punjab is higher than the previous season by at least 10% but the price it has been fetching is less by one-third than the price at which the produce was sold last season. So far, 4.81 lakh tonnes of basmati has arrived in the state’s mandis which correspondingly last …

Breaking News: Boost for Farmers as Modi Govt Increases Onion and Basmati Rice Exports | ABP News
3 months, 1 week 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
3 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
3 months, 2 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
3 months, 3 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 …

Area under maize, direct seeded rice up in Punjab
4 months, 2 weeks ago

Area under maize, direct seeded rice up in Punjab

Hindustan Times  

In a positive development, Punjab is witnessing the agrarian sector moving towards crop diversification, though that may be slower than anticipated. The area under maize, direct seeded rice and aromatic premium variety of basmati has increased substantially by up to 44% as compared to the previous kharif season. The acreage sown using the water-conserving DSR technique has risen to over …

Rice prices up by 10-20% in wholesale market due to lower production
6 months, 2 weeks ago

Rice prices up by 10-20% in wholesale market due to lower production

Hindustan Times  

Navi Mumbai: It’s now time for rice to pinch the pocket. Traders at the Agricultural Produce Market Committee market in Vashi attributed the price rise to lower rainfall and dry weather last year, which led to lower rice production. APMC market in Vashi attributed the price rise to lower rainfall and dry weather last year, which led to lower rice …

Rice war: India’s strategic offensive to counter Pakistan’s EC plans
8 months ago

Rice war: India’s strategic offensive to counter Pakistan’s EC plans

Live Mint  

New Delhi: India is gearing up to challenge Pakistan's attempts to broaden the geographical indication tag for its Basmati rice. The extension of the GI tag for the premium variety of rice, from 14 to 48 districts in Pakistan, could have significant implications on India's export prospects to the European Union. “A comprehensive report to completely refute Pakistan’s claim is …

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 …

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 …

Overseas orders and busy wedding season boost basmati rice business
11 months, 3 weeks 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 …

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 …

Basmati export price may rise due to Red Sea unrest
1 year ago

Basmati export price may rise due to Red Sea unrest

Live Mint  

NEW DELHI : Basmati rice export prices are likely to rise by about 20% due to rising logistics costs caused by trade route disruptions in the Red Sea region, two people with direct knowledge of the matter said. Raising a concerns over the fate of trade, former president of Rice Exporters Association, Vijay Setia, said: “Due to the ongoing disturbances, …

U.P. buys almost 11K MT of jowar to promote millets
1 year ago

U.P. buys almost 11K MT of jowar to promote millets

Hindustan Times  

In its ongoing efforts to promote the production of millets, Uttar Pradesh has purchased 10,129.85 metric tonnes of jowar from farmers under the procurement process for the Kharif Marketing Year 2023-24, and has paid them ₹2,834.77 lakh, a government spokesperson said on Thursday. Out of the total purchase of 10,129.85 metric tonnes of jowar made by the government from across …

Agri-commodities exports decline to 17.93 lakh tonnes in September: APEDA
1 year 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. …

Punjab heads towards bumperpaddy production this season
1 year, 1 month ago

Punjab heads towards bumperpaddy production this season

Hindustan Times  

Jalandhar: Punjab is headed towards bumper paddy production this kharif season, the latest procurement data showed on Wednesday. According to the figures updated till Wednesday, farmers brought 172 LMT of non-basmati yield in the grain markets in the ongoing harvesting season, while 16 LMT of basmati production reached the purchasing centres. Punjab agriculture director Jaswant Singh said going by the …

Data recap: Air quality, IT hiring, rice exports, and more
1 year, 1 month ago

Data recap: Air quality, IT hiring, rice exports, and more

Live Mint  

Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The union government has reportedly decided to slash the minimum export price for basmati rice from $1,200 a tonne to $950 a tonne, while Paytm founder and chief executive officer …

Basmati traders to go on strike as Centre keeps floor price unchanged
1 year, 2 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 …

Basmati rice exporters express ‘shock’ over curbs, demand urgent solution
1 year, 3 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 …

Government imposes restrictions on export of Basmati rice
1 year, 3 months ago

Government imposes restrictions on export of Basmati rice

The Hindu  

By banning the export of Basmati rice valued at less than $1,200 per metric tonne, the Union government on August 28 ensured additional safeguards for its export ban on non-Basmati white rice. The Union Commerce Ministry said it had directed the Agricultural & Processed Food Products Export Development Authority, the agency responsible for regulation of export of Basmati rice, that …

Govt decides not to allow basmati rice exports below USD 1,200/tonne
1 year, 3 months ago

Govt decides not to allow basmati rice exports below USD 1,200/tonne

Deccan Chronicle  

New Delhil: The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible “illegal” shipment of white non-basmati rice in the garb of premium basmati rice. According to the statement of the commerce ministry, the government has issued instructions to APEDA to introduce additional safeguards to prevent the possible illegal exports of …

Centre imposes conditional curbs on basmati rice export
1 year, 3 months ago

Centre imposes conditional curbs on basmati rice export

Hindustan Times  

The Union government has temporarily halted export of any basmati rice consignment being sold overseas for less than $1200 a tonne, while shipments contracted above that price threshold will continue to be allowed, according to an order issued on Saturday. The new measure temporarily halts all basmati rice exports contracted at a price lower than $1200 a ton The move …

Govt decides not to allow basmati rice exports below $ 1,200 per tonne
1 year, 3 months ago

Govt decides not to allow basmati rice exports below $ 1,200 per tonne

India TV News  

The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice. According to the statement of the commerce ministry, the government has issued instructions to APEDA to introduce additional safeguards to prevent the possible illegal exports of white non-basmati …

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

FCI to Sell Wheat, Rice in Open Market on Aug. 23
1 year, 4 months ago

FCI to Sell Wheat, Rice in Open Market on Aug. 23

Deccan Chronicle  

VIJAYAWADA: Food Corporation of India Vijayawada regional office general manager Chandra Shekhar Joshi said Government of India has decided to release FCI wheat and rice in open market under its Open Market Sale Scheme to stabilise retail prices of wheat / atta and rice throughout the country. Consequently, 25 lakh metric tonnes of rice and 50 lakh metric tonnes of …

Data | Why India’s rice export ban impacts Asian and African nations the most
1 year, 4 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 …

IMF encourages India to remove export ban on non-basmati rice
1 year, 4 months ago

IMF encourages India to remove export ban on non-basmati rice

Live Mint  

The International Monetary Fund has encouraged India to remove export restrictions on non-basmati rice. The Indian government on July 20 banned the export of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season, which constitutes about 25% of the total rice export of the country. In an official statement, the food …

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 …

FCI reduces prices of wheat, rice sold through domestic open market scheme
1 year, 5 months ago

FCI reduces prices of wheat, rice sold through domestic open market scheme

The Hindu  

The Food Corporation of India has reduced the price of rice and wheat being tendered out under the open market sale scheme for registered bulk buyers. Fortified rice which was supplied at ₹34/kg is being made available at ₹31/kg and wheat at ₹21.50/kg instead of ₹22.50/kg, said Manjeev Kumar Goyal, Deputy General Manager, FCI in Chennai on July 13. Ravi …

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

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

The Hindu  

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

Five new varieties to expand India’s Basmati platter
2 years, 2 months ago

Five new varieties to expand India’s Basmati platter

The Hindu  

Five new varieties of seeds of Basmati rice, developed by a group of scientists led by the Indian Agriculture Research Institute Director Dr. Ashok Kumar Singh in 2020 and 2021, are all set to bring revolutionary changes in the way Basmati rice is cultivated in the country. Dr. Singh says that over a period of time, as the area of …

India bans export of broken rice with aim to increase domestic supplies
2 years, 3 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 imposes 20% export duty on non-Basmati rice
2 years, 3 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 …

Ahead of harvesting, Haryana basmati exporters seek lower market levies
2 years, 4 months ago

Ahead of harvesting, Haryana basmati exporters seek lower market levies

Hindustan Times  

Concerned over the rise in the prices of basmati varieties of paddy, rice traders from Haryana have urged the government for a reduction of levies imposed on buying long-grained aromatic rice from Agriculture Produce Market Committees of the state. “The higher levies of 6.5 percent bite into the margins of traders of the state and they won’t be able to …

Good monsoon outlook in India tempers fears of rice export curbs
2 years, 6 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,” …

Galaxy Basmati Rice: A Brand Powered by State-of-the-Art Ultra Modern Fully Automatic Production Facility
3 years, 1 month ago

Galaxy Basmati Rice: A Brand Powered by State-of-the-Art Ultra Modern Fully Automatic Production Facility

India TV News  

The ever-favorite basmati rice is a long-grain, aromatic rice variant grown for hundreds of years in the regions near the foothills of the Himalayas in the Indian subcontinent. Image Source : GALAXY BASMATI RICE Galaxy Basmati Rice The advanced technology of production GIPL’s cutting-edge facility is located in Taraori, Karnal-Haryana, India, in the heart of the prime basmati paddy production …

Basmati Not Registered as Local Product but Pakistan Challenges India for GI Tag at European Union
3 years, 11 months ago

Basmati Not Registered as Local Product but Pakistan Challenges India for GI Tag at European Union

News 18  

While Pakistan is fighting a case in the European Union against the Indian move to get Basmati rice registered as its product, the commodity is still not registered as a local product in the country, according to a media report. The issue of protecting Basmati rice as a product of Pakistan came to the forefront after India submitted an application …

Competitive pricing! China imports rice from India after 2 years amid border tension
4 years ago

Competitive pricing! China imports rice from India after 2 years amid border tension

India TV News  

China has started importing Indian rice after a gap of two years and placed orders for shipment of about 5,000 tonnes of non-basmati rice due to competitive prices offered by India compared to other nations, according to the All India Rice Exporters Association. In last two months, China has placed orders for shipment of about 5,000 tonnes of non-basmati rice …

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