government regulation
Basmati Paddy Prices Surge 11-14% In India Amidst Robust Global Demand
Food National News Trade

Basmati Paddy Procurement Halts, Key Mandis Closed

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. […]

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Indian Rice Exports Up In Price As Duty Hike Bites, Demand Stays Weak
Consumer Export Food National News

Centre Contemplates Review Of Free-on-board Value For Basmati Rice Exports Registration

In a move to address concerns related to domestic rice prices and ensure an adequate supply for local consumers, the Indian Government has taken significant steps regarding Basmati rice exports. Effective from 25 August 2023, contracts for the export of Basmati rice with a value of USD 1200 per metric ton (MT) and higher are […]

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Gold Prices See Minor Correction, Silver Prices Surge In Early Friday Trading
National News

India Imposes Restrictions On Gold Imports

The central government has amended the gold import policy and imposed restrictions on certain jewellery and articles. Through a notification on Wednesday, the Directorate General of Foreign Trade (DGFT) amended the import policy for unstudded jewellery, and other articles made of gold to the “restricted” category from earlier “free”. Putting a commodity in the “restricted” […]

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