Page 2 - Basmati Exports

Commerce ministry reduces floor price of basmati exports to $950 per tonne

The government has reduced the floor price for basmati rice exports to USD 950 per tonne from USD 1,200 per tonne amid concerns that higher prices were hurting outward shipments. In a communication to export promotion body APEDA, the Union Commerce Ministry has said "it has been decided to revise the price limit for registration of contract for export of basmati rice from USD 1,200 per tonne to USD 950 per tonne." The government on August 27 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. Recently, the food ministry had said the government is considering the industry's demand to reduce the floor price.

Basmati rice growers face losses as current floor price dents exports

India, the world's biggest rice exporter, has also curbed exports of non basmati rice varieties in an attempt to keep a lid on domestic prices ahead of key state elections

Centre to cut floor price for basmati rice exports in coming days: Report

India will lower the basmati floor price to $850 a metric ton, down from $1,200 a ton, to help millers and traders ship out the rice grade, said the report

Centre imposes 20% export duty on parboiled rice; MEP on basmati rice

Till August 25, rice acreage in this kharif season was around 4.4% more than last year at 38.4 million

Controlling inflation will depend on monsoon, vegetable prices

In July, monsoon rains were almost 13% more than normal across India. In the entire monsoon season between June 1 and August 7, rainfall across India has been 2% above normal

Pesticide's use did not affect basmati rice export - Analysis by CCFI shows

Pesticide's use did not affect basmati rice export - Analysis by CCFI shows

TMS Ep148: Basmati rice, Bollywood earnings, Q4 earnings, fracking

Why is India's basmati rice export declining? Will movie box office earnings cross the pre-pandemic level this year? Could banks shine in Q4 earnings season? What is fracking? Find all answers here

Why is India's basmati rice export seeing a decline?

India's basmati rice export has been witnessing a decline. It plunged to its lowest in the last four years in 2021. Is Indian basmati losing its shine, or is it a temporary phase?

TMS Ep148: Basmati rice, Bollywood earnings, Q4 earnings, fracking

Why is India's basmati rice export declining? Will movie box office earnings cross the pre-pandemic level this year? Could banks shine in Q4 earnings season? What is fracking? Find all answers here

Exports of basmati rice fall over drop in acreage, loss of markets

What has brought about this fall and could there be a way to resurrect this vital farm export from India?

India's basmati rice exports hit 4-year low as Iran trims buying

The country's basmati rice exports in 2021 fell 20% from a year ago to 4 million tonnes, the lowest since 2017, according to government data

Twists and turns in MP-Punjab Basmati row, with little signs of an end

The issue is sensitive for the MP chief minister, especially in the light of the coming bypolls in the state's farming zone

Tweak FCI's procurement strategies to boost rice exports: Expert panel

Rice is among the biggest agriculture exports from India along with buffalo meat and cotton

Labour issues: Punjab to promote maize cultivation in coming Kharif season

Shortage of labour with expertise to plant paddy has prompted the state to encourage farmers to grow less labour-intensive crops

Coronavirus in Iran takes a toll on basmati exports, domestic prices fall

The negative market dynamics are resulting in a downward basmati price trend on the bourses

Rice exporters require certificate of inspection to export to EU nations

India, the world's top rice exporter, exports about 3 lakh tonnes of basmati rice to the EU.

India's rice exports hit as Saudi Arabia makes quality rules stringent

Basmati exports to Saudi Arabia have declined to below 20 per cent in the financial year 2018-19 from over 26 per cent 2014-15.

Basmati exports to Iran back on track after embargo-induced roadblocks

Trigger provided by Centre's assurance ob sufficiency of funds in special rupee-denominated bilateral barter account

Basmati exporters hold shipments to Iran fearing payment defaults

Exporters pin hope on new government, seek clarity on import-export with Iran

Basmati exports at risk from EU regulations, impending Iran sanctions: Icra

In the near term, any reduction in demand for basmati rice from India will depress prices across the chain, even for those sellers who are not exposed to the markets in question