Trigger provided by Centre's assurance ob sufficiency of funds in special rupee-denominated bilateral barter account
Delhi HC does well to allow MP farmers to produce it
However, the export volume is only marginally higher at 2 per cent
Exports should be against formal orders which include quality specifications and a mechanism for resolution of disputes
The price increase might hurt exports of this aromatic rice which remained a favourable choice for consumers in Iran, Saudi Arabia and European countries.
Trade sources believe that Iran is looking to use the euro in place of the dollar
Traders caution exporters to stay away till currency uncertainty recedes for bilateral trade
LT Foods, KRBL, Kohinoor Foods and Chaman Lal Setia Exports were up in the range of 5% to 15% on the BSE.
Kohinoor Foods up 20% at Rs 54.35, while LT Foods surge 12% to Rs 280 on BSE in intra-day trade
KRBL, LT Foods and Kohinoor Foods were up between 4-8% on BSE in early morning trade.
These mills are situated in states such as Punjab, Haryana, Uttar Pradesh and Madhya Pradesh
No commitment to open the door for imports; trade in non-basmati rice out of question
At least 25 big exporters from Haryana, Punjab are under scanner of probe agencies for their involvement in multi-crore scam
Price situation to improve on short supply to elevate exporters' realisation in the second half