Last month, India surprised buyers by imposing a ban on exports of widely consumed non-basmati white rice, following a ban on broken rice exports last year
Currently, there are no restrictions on the exports of parboiled rice, which constitutes nearly a third of India's total rice exports
The government is considering imposing a tax on shipments of parboiled rice, according to people familiar with matter. No decision has been made yet
Thailand, Vietnam and Pakistan, world's second, third and fourth biggest exporters, respectively, have said they are keen to boost sales since demand for their crops has been rising after India's ban
In September last year, India imposed a ban on broken rice exports and put a 20 per cent export tariff on non-basmati and non-parboiled rice, aimed at improving domestic supplies
The rice export ban is a clear signal the government is concerned about food security and inflation, said Henrique Akamine, head of sugar and ethanol at Tropical Research Services
The government would ensure sufficient rice output for both domestic consumption and exports, and also make sure domestic prices are not too high, minister Jurin Laksanawisit told a press briefing
The United Nations food agency's rice price index rose 2.8% in July from a month ago to their highest level in nearly 12 years as prices in key exporting countries jumped on strong demand
Rice exporters of Pakistan are having a field day due to the Indian government's ban on the export of non-basmati white rice to the international market. On July 20, the Indian government banned exports of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season. Non-basmati white rice constitutes about 25 per cent of total rice exported from the country. Pakistan Rice Exporters Association Chairman Chela Ram Kewlani said that the ban on non-Basmati white rice export by India has led to an increase in the export orders of Pakistani firms. There is a big demand for Pakistani rice in the global market after India placed restrictions on the export of non-basmati rice. International buyers are now turning towards Pakistani exporters, Kewlani told PTI on Wednesday. This year, Pakistan is expected to export rice worth over USD 3 billion dollars, he said, adding that the price of basmati rice has risen by 100 dollars per ...
India should allow exports of 1 million metric tons of a premium non-basmati rice variety favoured by overseas Indians, which are struggling to secure staple after New Delhi banned the exports
Vietnam's 5% broken rice prices rose to $550-$575 per metric ton on Monday, traders said, their highest since 2011, from a range of $515-$525 before India's move
New Delhi's justifications for its decision are familiar: rising food prices at home, with a general election looming next year
Social media has been abuzz for the past few days with viral videos of people stocking rice bags in the US and the UK, and stores restricting supplies of Indian rice
Rice is vital to the diets of billions in Asia and Africa, and a surge in prices would add to inflationary pressures and jack up the import bills for buyers
In Thailand, the world's second biggest exporter, suppliers were waiting to find out prices before signing new deals
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The government is discussing a plan to ban exports of all non-Basmati rice, according to people familiar with the matter
India has decided to approve wheat and broken rice exports to few selected countries following their requests to allow the shipments of the grains, the government said
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
'As of now, there has been no confirmation from the authorities and the response from the embassy in Tehran is also taking time'