Page 2 - Rice Price
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
 "Rice prices soften in domestic markets after ban; exports may shrink by 25%")
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.
 "Export ban, duties to weigh on rice mill stocks in near-term, say analysts")
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
 "Govt to lift 51.8 mn tonnes rice in 2022-23, double coarse cereal purchases")
Bangladesh to import rice from Vietnam and India to replenish reserves
Bangladesh is finalising deals with Vietnam and India to import a total of 330,000 tonnes of rice as it races to replenish reserves and cool domestic prices
 "Bangladesh to import rice from Vietnam and India to replenish reserves")
Adani Wilmar acquires Kohinoor rice brand in India to strengthen position
The acquisition of Kohinoor rice brand by Adani Wilmar will fuel the next level of growth for Adani Wilmar and widen the portfolio to cater to premium customer segments
 "Adani Wilmar acquires Kohinoor rice brand in India to strengthen position")
CCEA approves distribution of fortified rice to tackle malnutrition
Fortified rice is made as per the standards fixed by the food regulator FSSAI which has prescribed blending rice with three micronutrients -- Iron, Folic Acid and Vitamin B12
 "CCEA approves distribution of fortified rice to tackle malnutrition")
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
 "Rice prices fall to 5-year low over weak rupee allow exporters to cut rates")
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 gets offers in tender to purchase 50,000 tonnes rice")
Cereal prices move up on lower Kharif output, changing consumption patterns
Huge stocks lying with FCI limit increase in rice, wheat prices; coarse grains costlier by up to 16% during the past one month
 "Cereal prices move up on lower Kharif output, changing consumption patterns")
India raises 2016/17 rice purchase price by 60 rupees/100 kg
Minimum purchase price for common grades of rice has been raised by about 4.3%, to 1,470 rupees per 100 kg
 "India raises 2016/17 rice purchase price by 60 rupees/100 kg")
