Page 8 - India Rice Exports

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.

Rice shipments stuck at ports due to export ban; traders seek Centre's help

At least 20 ships are waiting to load around 600,000 tonnes of rice at Indian ports as New Delhi's surprise export restrictions have trapped cargoes for nearly a fortnight

Export ban on broken rice to ease pressure on domestic prices: Official

The ban on export of broken rice and duty on outbound shipment of non-basmasti/non-paraboiled rice will boost local supplies and ease pressure on the domestic prices, a senior government official said on Thursday. As per the data maintained by the Ministry of Consumer Affairs, the wholesale prices have risen by 10.7 per cent to Rs 3,357.2 per quintal as on September 14 from Rs 3,047.32 per quintal a year ago. The retail prices have gone up by 9.47 per cent to Rs 38.15 per kg from Rs 34.85 per kg. Animal feed prices too have increased. Maize price rose from Rs 19 per kg on January 1, 2022 to Rs 24 per kg on September 8, 2022. Broken rice price has also increased from Rs 16 per kg to Rs 22 per kg during the same period. The local prices have come under pressure following the likely drop in rice output by 6-7 million tonnes in the ongoing kharif season of 2022-23 crop year (July-June) despite enough stocks in the government godowns. "The local rice price have begun to stabilise after

Rice prices soften in domestic markets after ban; exports may shrink by 25%

India, which commands 40% share in the global rice trade, exported 21.23 mt of rice in 2021-22, against 17.78 mt in the previous year

India's rice exports set to fall 25% as levy make shipments expensive

"The duty has made Indian rice expensive. Exports would drop by at least 5 million tonnes," B.V. Krishna Rao, president of The Rice Exporters Association (TREA), told Reuters.

Explained: How govt imposing curbs on rice exports will affect India

The restrictions were placed, because sowing has not been up to expectations on account of irregularities in rainfall

KRBL surges 17% in two days on heavy volumes; stock hits over 3-year high

Last week, the government imposed 20 per cent export duties on various grades of rice like non-basmati, unmilled, semi-milled or totally milled, and husked brown.

TMS Ep258: India at IPEF, fruit & veg market, rice stocks, visual search

Did India err by walking out of IPEF? Why is India a laggard in the global fruit and veg market? Should you hold rice mill stocks amid export curbs? What is visual search? All answers here

Export ban, duties to weigh on rice mill stocks in near-term, say analysts

Shares of LT Foods, Kohinoor Foods, KRBL, Chaman Lal Setia Exports, for instance, have declined in the range of 2 per cent to 9 per cent, as against 0.4 per cent gain in the Nifty50 index.

India's rice export curbs paralyse trade in Asia as prices rise: Industry

"India accounts for more than 40% of global shipments. So, nobody is sure how much prices will rise in the coming months," said Himanshu Agarwal, executive director at Satyam Balajee

Global food supply faces turmoil with rice set to climb: Reports

The restrictions are threatening to ignite inflation for yet another key commodity, and may deprive some of the globe's poorest nations of a crucial element of their diet.

Unnecessary restrictions

Curbs on rice exports are ill-advised

India's rice exports may fall by 4-5 million tonnes post ban, 20% duty

India's rice exports could fall by 4-5 million tonnes this fiscal year due to imposition of ban on broken rice as well as export duty on non-basmati rice, except for parboiled grains, exporters said. India, which commands 40 per cent share in the global rice trade, exported 21.23 million tonnes of rice in 2021-22 fiscal as against 17.78 million tonnes in the previous year. Before the COVID pandemic, the exports were 9.51 million tonnes in the 2019-20 fiscal. During April-August period of the current financial year, the government data showed that the country has already exported 9.35 million tonnes as against 8.36 million tonnes in the year-ago period. "The exports may fall to 16-17 million tonnes in this financial year because of ban on broken rice and 20 per cent export duty," All India Rice Exporters Association (AIREA) former president Vijay Setia told PTI. He said the country was exporting non-basmati rice for USD 380-400 per tonne, lower than the rate of shipments from other

Top Headlines: Direct tax collections jump, broken rice exports, and more

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Output of kharif rice may drop by 4-5 mn tonnes due to drought: Govt

In full 2021-22, around 81,000 tonnes of broken rice was allotted from FCI's godowns for ethanol production

India's broken rice exports had gained over 90% in FY22, shows data

China is the biggest recipient of India's broken rice exports