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The Indian Rice Exporters Federation (IREF) on Tuesday expressed optimism over a proposed reduction in United States import tariffs on Indian goods to 18 per cent, down from the earlier 25 per cent. The federation expects this move to restore price parity with competing nations and significantly boost shipment volumes. According to IREF National President Prem Garg, the revised tariff structure would place India on a par with competitors like Thailand and Pakistan, which currently face duties of approximately 19 per cent. "The move to lower tariffs from the earlier 25 per cent to 18 per cent is a significant victory for price parity. This effectively neutralised the duty disadvantage we faced against competitors like Thailand and Pakistan. " Indian rice can now compete on a level playing field in one of our most high-value markets," exporter RiceVilla Group's CEO Suraj Agarwal said. The industry is also hopeful that a potential penalty related to India's purchase of Russian oil be
Chhattisgarh Chief Minister Vishnu Deo Sai on Saturday announced that the exemption on mandi (market) fee for rice exporters will be extended for another year, a move aimed at boosting rice exports in the state. Addressing the second edition of the India International Rice Summit at a private resort here, Sai said the extension would be significant for exporters and farmers, and strengthen Chhattisgarh's position in the global rice market, a government statement said. He said the summit was significant as it had brought together buyers from 12 countries and embassy delegations from six nations, reflecting growing international interest in the state's rice sector, it said. The participation of global stakeholders would help Chhattisgarh gain wider recognition in the international rice trade, he added. Chhattisgarh was rightly described as the "rice bowl" of India by earlier generations and the state continues to live up to that identity, with rice forming an integral part of its ...
Pakistan is set to export 1,00,000 tonnes of rice to Bangladesh, highlighting the improved trade relations between the two countries since the ouster of former premier Sheikh Hasina last year in August. The tender for the same was issued by the Trading Corporation of Pakistan (TCP) last week, a TCP official said. This is the highest consignment of rice to Bangladesh from Pakistan to date. The first Batch of 50,000 tonnes of rice was exported after both countries began government-level trade with rice imports in February this year. A leading rice exporter said that if trade increased with Bangladesh, it would be good for business as rice exports had fallen 28 per cent in the first quarter of the fiscal year 2025-26. It is because of the many barriers we face from the government, which complicates the entire process, Waqar Ahmed, who runs his own rice mills in Punjab province, said. He added that the reasons for the decline were the resumption of rice exports by India last year, an
Rice exporters' apex body IREF is organising a two-day global rice conference in the national capital starting Thursday with an aim to boost outward shipments and increase India's share in international trade. The Bharat International Rice Conference (BIRC) 2025, to be held during October 30-31 at Bharat Mandapam, will highlight India's growing leadership in the global rice sector, Indian Rice Exporters Federation (IREF) said in a statement on Wednesday. The event will also have a live launch of the country's first Artificial Intelligence (AI)-based rice sorting system, it added. The conference will bring together delegates from over 80 nations, including top global rice importers, exporters, scientists, and policymakers. The Agricultural and Processed Food Products Export Development Authority (APEDA) is giving non-financial support to the event. A special highlight of BIRC 2025 will be the felicitation of 17 farmers from several states by international buyers, recognising their .
India is pushing rice exports to the world's largest importer of the commodity -- the Philippines -- and to tap the opportunity, a large delegation of leading exporters will visit the Southeast Asian nation next month, an official said. The Philippines is an important market for India in agricultural products exports. In 2024, the Philippines imported agricultural goods worth about USD 20 billion, with key imports including semi-milled rice, wheat and meslin, oilcake, food preparations, and palm oil. India exported agricultural products worth USD 413 million to the Philippines in 2024, accounting for about 2 per cent of the Philippines' total agricultural imports. India's major exports to this market were bovine meat, groundnut, rice, and tobacco. "Philippines' is the largest importer of rice in the world, with imports in 2024, valued at USD 2.52 billion. However, there is significant opportunity to expand India's rice exports in the Philippines as, despite India being the world's
Indian rice exporters are adopting a wait-and-watch approach following United States' decision to impose 27 per cent tariff on imports, though industry leaders say the long-term impact may be limited due to India's inherent competitiveness. "While there may be short-term price fluctuations, the market is expected to stabilise within the next two to three months. The 27 per cent tariff is a temporary hurdle, not a roadblock. With strategic planning and flexibility, we cannot only protect, but also expand our footprint in the US market," Prem Garg, national president of the Indian Rice Exporters Federation (IREF), told PTI. He added that the tariff, though significant, should not cause panic among exporters. The US is not India's largest market for basmati rice, Garg said. "In FY24, India exported 2.34 lakh tonnes of basmati rice to the US out of 52.4 lakh tonnes. During April-November 2024, the US accounted for 2.04 lakh tonnes of India's 42 lakh tonnes of total basmati exports. We