Page 7 - India Rice Exports

India's rice export curbs put contracts for 2 million tonnes at risk

India's decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth $1 billion, on the world market, dealers said

Rice prices to climb further after India export ban, trade at standstill

In Thailand, the world's second biggest exporter, suppliers were waiting to find out prices before signing new deals

Top rice exporter India bans most shipments as late monsoon hits crop

India accounts for more than 40% of world rice exports but low inventories mean any cut in shipments will fuel food prices driven up by Russia's invasion of Ukraine last year and erratic weather

India mulls banning exports of most rice varieties as local prices surge

The government is discussing a plan to ban exports of all non-Basmati rice, according to people familiar with the matter

Inspections requirements for rice export to European nations deferred: DGFT

India suspended necessary requirement of certificatin of inspection by export inspection organisations for shipping both basmati and non-basmati rice to specified European nations by six months

TMS Ep375: Wheat crop, Air India, rice exporters' shares, political symbols

Is India's wheat crop under threat? Can Air India wrest market share from Gulf airlines? Will the rally in shares of rice exporters sustain? How does the Election Commission allot party symbols?

Govt mulls lifting rice export curbs as supply improves, prices stabilise

India imposed a 20% duty on shipments of white and brown rice in September and banned broken rice sales abroad

Govt lifts ban on exports of organic non-basmati rice

The government on Tuesday lifted the ban on exports of organic non-basmati rice, including broken rice after the easing of domestic supplies moderated prices. The government had, in early September, banned the export of broken rice with an aim to increase domestic availability. This followed a 20 per cent duty on the export of non-basmati rice aimed at shoring up domestic supplies after prices surged in retail markets. In a notification, the Directorate General of Foreign Trade said the export of organic non-basmati rice, including organic non-basmati broken rice, will now be governed by rules that prevailed before the September ban.

Wheat acreage till Nov 18 up 15% YoY, record open market prices spur sowing

Centre refutes the assertion of artificial shortage of fertilisers in country

Govt may review blanket ban on broken rice exports if procurement steadies

Exports may still face some curbs with the imposition of a duty instead of the complete ban that is currently in place, but matters are still at a discussion stage, say sources

KRBL to expand non-basmati rice and bran oil portfolios: Jt MD Anoop Gupta

Basmati rice prices up 10-15% this year; may rise further as crop is 7-8% down

India allows rice exports backed by already issued letters of credit

The surprise move trapped nearly 1 million tonnes of rice at ports or which had been in transit before the government made the announcement

India rice export curbs to end a decade of price stability: Report

India's recent curbs on rice exports could trigger a rally in global prices after more than a decade of stability, traders said, as New Delhi's protectionist move coincides with falling output

Top Headlines: Byju's to lay off 2,500 staffers, broken rice exports & more

India will allow overseas broken rice shipments of 397,267 tonnes backed by letters of credit (LCs) issued before September 8

Centre allows exports of 397,267 tonnes broken rice backed by LoC

India will allow overseas broken rice shipments of 397,267 tonnes backed by letters of credit (LCs) issued before September 8, the government said

Commerce ministry says no export ban on rice, traders to pay 20% duty

The commerce ministry on Tuesday clarified that there is no export ban on rice and traders can ship the commodity after paying 20 per cent duty. On September 8, the government banned exports of broken rice. In a trade notice, the directorate general of foreign trade said it has received representations regarding rice (5 per cent and 25 per cent broken) where irrevocable letter of credit has been issued before September 8 is also being stopped at the ports. "It is clarified in respect of normal rice that rice (5 per cent and 25 per cent) is already exempted as it is not broken rice but normal rice with permissible limits of broken rice as per standards. However, it will carry 20 per cent duty," it said.

Export of rice consignments with limited quantity of broken rice allowed

The government imposed a ban on the export of broken rice with effect from September 9 to increase domestic availability

Last date for export of broken rice in transit extended till October 15

The government has again extended the last date for export of broken rice in transit by 15 days till October 15. It banned export of broken rice on September 8 but allowed shipments of certain consignments during September 9-15. On September 20, the date was extended till September 30. "Export of consignments of broken rice...as permissible under notification dated September 8 has beenextended till October 15, 2022," the Directorate General of Foreign Trade said in a notification.

India defends decision to ban rice, wheat exports at WTO meeting

India has defended its decision to ban export of wheat and rice at a WTO meeting even as some member countries have flagged concerns over the country's stand, an official said. At a meeting last week in Geneva, Senegal, the US and the European Union raised questions over this decision, stating it could have adverse implications on global markets. In May, India restricted export of wheat to enhance domestic availability. This month, it also banned export of broken rice and imposed a 20 per cent export duty on non-Basmati rice except for parboiled rice to boost domestic supplies amid a fall in area under paddy crop in the current kharif season. Defending its decision, India clarified that the ban on export of broken rice, which is used in poultry feed, follows a rise in the grain's exports in recent months which put pressure on the domestic market. In the case of wheat, food security concerns necessitated export curbs. India has also stated that the measures are temporary in nature

Govt extends exports of broken rice consignments in transit till Sept 30

The government on Tuesday extended the last date for the export of broken rice in transit till September 30. It was earlier allowed till September 15. The government had banned exports of broken rice on September 8. "Export of consignments of broken rice...as permissible under notification dated September 8 has been extended till September 30, 2022," the directorate general of foreign trade said in a notification. September 8 notification had stated that during the period September 9-15, certain consignments of broken rice will be allowed to be exported.