India’s rice export prices surged this week due to increased duties on rice shipments, while demand in Thailand remained subdued. The 5 per cent broken parboiled variety from India was quoted at USD 550-558 per ton, rising from the previous week’s range of USD 543-550. Earlier in the month, prices had reached a peak of […]
Indian rice exporters have been issued notices by the customs department demanding payment of duty differentials on rice shipments made over the past 18 months, the news agency Reuters reported citing sources. This unusual tax demand has the potential to severely impact rice exports from India, it said. India, the world’s largest rice exporter, implemented […]
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 […]
India has allowed the export of non-basmati white rice in varying quantities to Comoros, Madagascar, Equatorial Guinea, Egypt, and Kenya, an official notification said. Notably, the export of non-Basmati white rice was prohibited on 20 July to check domestic prices and ensure domestic food security. Earlier, India allowed the export of such a variety of […]
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 […]
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. […]
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 20 July to check the domestic prices and ensure domestic food security. The exports to UAE are permitted through National Cooperative Exports Limited, the Directorate General of […]
