Page 3 - Rice Export

Rice export prices fell to 3-month low on shrinking demand, ample supplies

India's 5% broken parboiled variety was quoted at $528-$536 per ton this week, down from last week's $538-$546. Prices hit a record high of $560 last month

Govt waives duty on export of 1,000 tonnes of non-basmati kalanamak rice

The government has removed duty on the Kalanamak variety of rice for exports of up to 1,000 tonnes through six specified customs stations. The duty on overseas shipments of Kalanamak rice was 20 per cent. According to a notification by the Finance Ministry, the duty waiver on the export of up to 1,000 tonnes of this variety of rice will come into effect from Wednesday. The Directorate General of Foreign Trade (DGFT) on Tuesday had allowed exports of up to 1,000 tonnes of Kalanamak rice through specified customs stations. Kalanamak is a variety of non-basmati rice, exports of which were earlier prohibited. Exports of this variety of rice are allowed through six customs stations - Varanasi Air Cargo; JNCH (Jawaharlal Nehru Customs House), Maharashtra; CH (customs house) Kandla, Gujarat; LCS (land customs station) Nepalgunj Road; LCS Sonauli; and LCS Barhni.

Malaysia to request additional 500,000 MT of white rice from India

According to state-run rice importer Bernas, Malaysia's annual rice consumption is 2.5 million metric tons, with an average imported supply of 750,000 tons

'Rice exports at risk as exporters get huge tax demand notice from cutoms'

Exporters don't have the financial muscle to pay the duty difference for nearly two years; instead, they would close the business, said an exporter based in southern state of Andhra Pradesh

Vietnam imports husked brown rice from India for re-exports: Reports

Vietnam, the world's third biggest rice exporter, has imported at least 200,000 metric tons of husked brown rice from India between December and February, the sources said

Govt says 20% export duty on parboiled rice to continue beyond Mar 31

Besides, duty-free import of yellow peas, too, has been extended beyond March 31, subject to the condition that the bill of landing is issued on or before April 30, 2024

Indian curbs to propel Pakistan's rice exports towards record high

Pakistan's exports could jump to 5 million metric tons in 2023/24 financial year, up from the last year's 3.7 million tons, Kewlani said

Parboiled rice rates spring to record highs on low supplies, firm demand

Traders noted that domestic supplies are accumulating, and that harvest has begun partially in the Mekong Delta, which is expected to peak in March

Waning supplies prop up India rates to 4-month peak, Thai prices rise

Supplies have also dropped, which also contributed to price increases. Traders said new supply is expected to enter the market around next month

Indonesia secures rice import commitments from India, Thailand: Report

Jokowi, as the president is known, said while Indonesia's headline inflation is low, he remains concerned about food prices and imports would help secure supply

Govt monitoring rice situation in domestic, intl mkts on weekly basis

The government is closely monitoring the rice situation in the domestic as well as international markets on weekly basis and it can increase the percentage share in global rice trade when favourable conditions arise, Parliament was informed on Wednesday. India has banned export of broken and non-basmati white rice in view of uncertainty around rice production here and other rice producing countries due to geopolitical scenario, El Nino sentiments and extreme climatic conditions to check domestic prices and ensure adequate availability in the market here. "The government is closely monitoring the rice scenario in the domestic market as well as in international forum on weekly basis and the government can increase the percentage share in global rice trade when favourable conditions arise," Minister of State for Commerce and Industry Anupriya Patel said in a written reply to Lok Sabha. India was the largest rice exporting country in the world from 2018 to 2022 followed by Thailand and

Centre permits export of 20 MT of non-basmati rice to earthquake-hit Nepal

The government has provided a one-time exemption from the export ban to Indian Rice Exporters Federation for shipping 20 metric tonnes (MT) of non-basmati white rice as a donation to Nepal for earthquake-affected people. Last month, the government provided a similar exemption to Patanjali Ayurved. 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 Indian Rice Exporters Federation for exports of 20 MT of non-basmati white rice (semi-milled or wholly milled rice, whether or not polished or glazed)...as donation to Nepal earthquake victims," the directorate general of foreign trade (DGFT) said in a notification. In a separate DGFT notification, the government permitted exports of 2.40 lakh tonnes of non-basmati white rice to five countries, including ...

'NCEL can export 1,492,000 tonnes non-basmati rice, 50,000 tonnes sugar'

The newly set up cooperative export body NCEL has got permission to export 14,92,800 tonnes of non-Basmati rice to 16 countries and 50,000 tonnes of sugar to two countries, Cooperation Minister Amit Shah said on Wednesday in the Rajya Sabha. The National Cooperative Exports Ltd (NCEL) was registered in January this year under the Multi-State Co-operative Societies Act, 2002. It covers agriculture and allied activities as well as handloom and handicraft items by enrolling a large number of co-operatives under its fold with a target to double its revenue by 2025 from the current level of about Rs 2,160 crore. Shah, in a written reply to the Rajya Sabha, said NCEL has so far received 2,581 applications for membership under different classes from 22 states and Union Territories. "NCEL has so far got permission for exports of 14,92,800 tonne non-Basmati white rice to 16 countries and 50,000 tonne sugar to two countries," Shah said. NCEL will provide a complete ecosystem for promotion o

India faces queries from WTO on PMGKAY extension and rice export ban

Countries, including the United States, European Union, Canada, Australia, Switzerland, and New Zealand, are seeking clarity on the expiry dates of India's export restrictions and duties

China's rice exports to Ivory Coast top 2022 after India imposed curbs

The Asian nation shipped 45,000 tonnes to the African country in October, matching the volume exported in August, customs data compiled by Bloomberg show

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

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 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

UK-India free trade deal poses risk for British millers Tilda and Veetee

British rice millers such as Tilda Ltd. and Veetee Rice have thrived for decades by importing low-tariff unmilled brown rice from the likes of India and Pakistan and "polishing" the grains