Page 5 - India Rice Exports

India likely to keep rice export bans into 2024, to hold up global prices

But Prime Minister Narendra Modi, who will seek reelection next year, has repeatedly tightened restrictions on shipments in a bid to curb domestic price rises and shield Indian consumers

India signs deals to export 500,000 tons of new season basmati rice

After imposing a ban on non-basmati white rice exports in Jun to stabilize domestic prices, India set a floor price, or minimum export price (MEP), of $1,200 a ton for overseas sales of basmati in Aug

Patanjali to ship 20 MT of non-basmati rice to Nepal for earthquake victims

The government has provided a one-time exemption from the export ban to Patanjali Ayurved for shipping 20 tonnes of non-basmati white rice as a donation to Nepal for earthquake victims. Though exports of non-basmati white rice were banned on July 20 to boost domestic supply, exports are allowed on the basis of permission granted by the government to certain countries to meet their food security needs and on request. "One time exemption from prohibition is granted to Patanjali Ayurved Ltd for export of 20 MT of Non-basmati white rice (Semi-milled or wholly milled rice, whether or not polished or glazed)as donation to Nepal for earthquake victims," the directorate general of foreign trade (DGFT) has said in a notification. According to a DGFT's notification issued in October, the government permitted exports of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon and Malaysia. The quantity notified for Nepal is 95,000 tonnes, Cameroon (1,90,000 ...

India's November rice stocks at state warehouses around double target

Coupled with the new season crop that has started trickling into the market, the surplus indicates comfortable supplies for the domestic market

Govt may extend curbs on rice exports as output expected to drop: Report

Despite export restrictions, local rice prices remain almost 15% higher than a year ago

India's rice export restrictions are pushing global south towards a crisis

Every rice eater in the world has felt the pinch of India's export restrictions

Centre likely to bring down floor price for basmati rice exports to $950 MT

India imposed a $1,200 per tonne MEP on basmati rice shipments in August to keep a lid on local prices ahead of key state elections

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

Basmati rice minimum export price review still under consideration: Centre

Some traders said FOB export price of Indian basmati near the MEP, while others oppose

After export ban, smuggling of rice booms along the Indo-Nepal border

At the crack of dawn every day, hushed frantic activity begins in villages located along the India-Nepal border here as some residents set out on foot or in small vehicles to smuggle rice into the neighbouring country. Young unemployed men, women and sometimes even the elderly act as carriers for local smugglers and are paid up to Rs 300 for delivering a quintal of rice to warehouses set up across the border by Nepali traders. Most of them make multiple trips to earn as much money as possible. Lakshminagar, Thoothibari, Nichlaul, Parsa Malik, Bargadwa, Bhagwanpur, Shyam Kat, Farenia, Hardi Dali and Khanuva are some of the villages from where it is very easy to cross into Nepal and rice is smuggled, police sources said. Maharajganj shares an 84-km open border with Nawalparasi and Rupandehi districts of Nepal's Lumbini province. Ram Prasad, a rice carrier, said, "The Nepali merchants have set up small warehouses along the border where we deliver the smuggled rice. The warehouses are

20% export duty woes: Parboiled rice exports fall over 80% in a month

Duty woes: Basmati rice exports down 30% from Aug 25 to Sep 20

US, EU criticise India's rice export ban, request immediate resumption

Representatives from Japan, Australia, Brazil, the EU, the UK, and the US raised concerns over the impact of the ban on the global food market

High rice prices, fueled by export ban, bring risk of social unrest: UN

The export ban is bringing back memories of 2008, when a global rice crisis put 100 million people at risk, many in sub-Saharan Africa

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 likely to lower basmati MEP, tightens stock limits on tur and urad

Food Min Piyush Goyal is believed to have held a high-level meeting with exporters and others to understand the ground situation, though there has been no official confirmation of any such meeting

Malaysia to discuss rice export curbs with India to find 'best solution'

State-run Malaysian rice importer Bernas will also be negotiating with other suppliers like Vietnam, Thailand And Cambodia, he said

Rice miller stocks in focus; KRBL, LT Foods soar 6% on positive biz outlook

The impact of El Nino on Basmati production is minimal due to the irrigation methods employed, utilizing both canal and groundwater sources

Gesture of friendship appreciated: S'pore on India exempting from rice ban

India recently decided to allow the export of rice to Singapore to "meet the food security requirements" of the southeast nation, the Ministry of External Affairs (MEA) said

Here's how Indian rice exporters are finding ways to get past the curbs

The exporters are overbilling so that they do not lose their export market share to Pakistan, which is another major competitor in rice exports

Rice exporters who paid duties before ban notif can ship consignments

The government has clarified exporters who have paid the export duty before the issue of notification on the ban on rice exports on July 20 will be allowed to ship that consignment. On July 20, the government banned exports of non-basmati white rice to boost domestic supply. While notifying this ban decision, the DGFT had specified about certain consignments which can be exported. In "relaxation" of DGFT's notification dated July 20, "export of non-basmati white rice is allowed when export duty is paid before 21:57:01 hours on July 20, 2023," the directorate has said in a notification dated August 29. It added that if the consignment has been handed over to the customs before 21:57:01 hours on July 20 and is registered in customs system for exportation before this specified time or is registered in the electronic systems of the concerned custodian of the customs station with verifiable evidence of date and time, those consignments are allowed up to October 30.