LT Foods Posts 25% H1 Revenue Growth
LT Foods reports 25% rise in H1 FY26 revenue to Rs 5,273 crore, driven by strong growth in rice, organic, and ready-to-eat segments.
FMCG
Food
News
Global Rice Prices Soar: Geopolitical Tensions, Export Curbs Keep Costs High
- by BW Retail World Bureau
- March 26, 2024
The rating agency Icra in a recent report has said that global rice prices are going to remain high amid the fluctuating economic growth across the globe led by geopolitical crisis in the Middle East and Russia’s invasion of Ukraine. The average price of exported Basmati rice and non-Basmati rice increased by 26 per cent […]
Government
International
National
News
India’s Basmati Rice Exports Set To Decline In 2024 Amid Pakistani Competition
- by BW Retail World Bureau
- March 1, 2024
India’s basmati rice exports are likely to fall in 2024 after nearing a record high last year, as rival Pakistan is offering the grain at competitive prices amid a rebound in production, industry officials said. India and Pakistan are the leading exporters of the premium long-grain variety of rice, famous for its aroma, to countries […]
Government
National
News
Govt Makes Rice Stock Disclosure Mandatory, May Set Limits
- by BW Retail World Bureau
- February 3, 2024
Rice retailers, wholesalers and processors are asked that beginning next Friday, they disclose their stock holdings, Sanjeev Chopra, Secretary Department of Food and Public, said. The reporting of stocks is irrespective of the category of rice–basmati or non-basmati, parboiled or broken. “To check the prices of rice retailers, wholesalers and processors are advised that the […]
Brands
Companies
Food/Entertainment
News
LT Foods Sets Sights On Food Future: Ready-to-Cook Meals, Snacks Fuel Growth Plans
- by BW Retail World Bureau
- December 26, 2023
LT Foods, known for its Daawat brand of rice, is aiming for a larger slice of the convenience foods market, anticipating revenues of Rs 800 crore by 2028-29. This move was followed by the company’s initiative to diversify from its core business of packaged rice, sold domestically in India and exported globally. In 2017, LT […]
Government
National
News
Basmati Paddy Prices Surge 11-14% In India Amidst Robust Global Demand
- by BW Retail World Bureau
- November 27, 2023
Mandi prices of various basmati paddy varieties in India have witnessed a significant surge, ranging from 11 to 14 per cent, just one month after the government’s decision to reduce the minimum export price (MEP) of basmati rice to USD 950/tonne, aiming to stimulate exports. Exporters attribute the increase in basmati paddy prices to robust […]
Export
Food
Government
News
Govt To Cut Floor Price For Basmati Rice Exports: Report
- by BW Retail World Bureau
- October 25, 2023
India is expected to cut the floor price it has set for basmati rice exports, government and industry sources said on Tuesday, after farmers and exporters complained it was damaging trade. The government is likely to bring down the floor price, or minimum export price (MEP) for basmati rice, to USD 950 per metric ton […]
Food
News
India Allows Export of Non-Basmati White Rice To Seven Countries
- by BW Retail World Bureau
- October 19, 2023
India has allowed the export of non-basmati white rice in varying quantities to Nepal, Cameroon, Cote d’Ivoire, Republic of Guinea, Malaysia, Philippines, and Seychelles. Notably, the export of non-basmati white rice was prohibited from July 20 to check the domestic prices and ensure domestic food security. The exports to these countries are permitted through National […]
Food
National
News
Trade
Basmati Paddy Procurement Halts, Key Mandis Closed
- by BW Retail World Bureau
- October 17, 2023
Rice exporters and traders have halted grain procurement from local markets from Sunday onwards in the basmati rice-producing regions of Punjab, Haryana, and western Uttar Pradesh. The action is a response to the government’s decision to maintain the minimum export price (MEP) for basmati rice at a relatively high rate of USD 1,200 per tonne. […]
Government
News
Govt Cracks Down On Illegal Export of White Non-basmati Rice
- by BW Retail World Bureau
- August 29, 2023
In order to prevent the potential “illegal” shipment of white non-basmati rice masquerading as premium basmati rice, the government said on Sunday that it would not permit exports of basmati rice below USD 1,200 per tonne. The commerce ministry stated in a statement that it has told trade promotion agency APEDA not to register contracts […]