Page 7 - Rice Export

Govt imposes 20% export duty on non-Basmati rice from Sept 9

Below-average rainfall in key rice-producing states such as West Bengal, Bihar and Uttar Pradesh has raised concerns over rice production in India

Govt to lift 51.8 mn tonnes rice in 2022-23, double coarse cereal purchases

Rice procurement a tad higher than 50.98 mn tonnes in 2021-22; market sources say this could be a sign that govt does not expect a major drop in Kharif rice output

Centre has no plans as of now to curb rice exports, says report

The government has no plans as of now to impose any restrictions on exports of rice and there are adequate buffer stocks to meet the domestic requirements, according to an official source. There were some discussions on imposing curbs on rice exports but no decision has been taken yet. The government is unlikely to put in any place restrictions, the source said. India, the world's second largest rice producer after China, commands 40 per cent share in the global trade. The country exported 21.2 million tonnes of rice in 2021-22 fiscal year, of which 3.94 million tonnes were basmati rice. It exported non-basmati rice worth USD 6.11 billion in the same period, as per official data. The country exported non-basmati rice to more than 150 countries in 2021-22. With area under coverage for paddy down by 6 per cent to 367.55 lakh hectares so far this kharif sowing season due to less rains in some states, there are concerns that production of rice may fall in the 2022-23 crop year ...

India has ample rice stocks, no plans to curb exports, says food secretary

India, the world's biggest rice exporter, has ample stocks of rice and there is no plan to restrict exports, the top official at the food ministry said on Monday

Panicked traders boost forward buys of Indian rice fearing a ban

In the last two weeks, traders have signed contracts to export 1 million tonnes of rice for shipments from June through September

Good monsoon outlook in India tempers fears of rice export curbs

Rice is the one staple grain helping to keep the world food crisis from getting worse

India has no plans to curb rice exports as local supplies surge: Report

India banned wheat exports on May 14, just days after New Delhi forecast record shipments of 10 million tonnes this year

Weak local currencies rein in India, Thai rice export rates

India's 5% broken parboiled variety was quoted at $367 to $370 per tonne, down from last week's $371 to $378, edging lower on a depreciation in the rupee amid steady demand from key buyers

Rice exporters seek extension of interest subsidy scheme to boost shipments

Rice exporters on Tuesday sought an extension of the interest subsidy scheme, which ended last year, from the government as it will help in further boosting the outbound shipments of the commodity.

Rice prices fall to 5-year low over weak rupee allow exporters to cut rates

Top exporter India's 5 percent broken parboiled variety was quoted at $351-$356 per tonne, down from $353-$358 last week

GM row may not affect rice exports for now; govt rules out 'contamination'

This is because the European Union (EU), from where the allegation came, accounts for very little of the country's rice export

Non-basmati rice exports surge in FY21 due to global demand, savvy pricing

India responded quickly to opportunities thrown up by the pandemic, and the hiccups faced by competing nations to put up a sterling performance in non-basmati shipments abroad

UP to export 20 tonnes of 'Kala Namak' rice to Singapore by March end

The consignment will be sent to Singapore from Siddharth Nagar by the end of March this year

Non-basmati rice exports doubled to Rs 22,856 cr during Apr-Dec 2020

Exports of non-basmati rice more than doubled to Rs 22,856 crore during April-December 2020-21 as against Rs 10,268 crore in the same period of the previous year, according to the commerce ministry.

Vietnam buys Indian rice for first time in decades: Industry officials

The purchases underscore tightening supplies in Asia, which could lift rice prices in 2021 and even force traditional buyers of rice from Thailand and Vietnam to switch to India

India defers certificate requirement for rice export to European countries

India deferred the requirement to July 1, 2021

Bangladesh gets offers in tender to purchase 50,000 tonnes rice

The lowest offer in a Bangladesh tender to buy 50,000 tonnes of parboiled rice was $405.60 a tonne, including freight, insurance and other expenses

Bangladesh to cut duty on rice imports to cool record local prices

The import duty on rice will be lowered to 25% from 62.5%

Bangladesh, India finalising first bilateral rice deal in 3 years: Report

India, the world's biggest rice exporter, is offering a steep discount to supplies from rivals Thailand and Vietnam to cut its surplus after a bumper harvest

CBI files FIR against rice export firm for over Rs 1,200 crore bank fraud

The CBI has booked Delhi-based Amira Pure Foods Pvt Ltd and its top executives including promoter Karan Chanana and Managing Director Rajesh Arora for allegedly cheating a consortium of a dozen banks