India Rice Rates

Ministers to review rice export restrictions amid rising central pool stocks and growing ethanol demand as non-basmati traders hit hardest since curbs began in August 2023

Vietnam's markets will be closed from Monday through Wednesday for national holidays

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

The Centre on Friday said it will sell 'Bharat Rice' in the retail market at Rs 29 per kg from next week to give relief to the common man and has also directed traders to disclose rice/paddy stock, as part of its efforts to control prices that have risen by around 15 per cent in the last one year. In a press conference, Union Food Secretary Sanjeev Chopra exuded confidence that these two measures along with the various restrictions of exports will help in cooling down the prices. Seeking to dispel market rumours, he categorically said the government has no plans to lift restrictions on rice exports any time soon. The restrictions will continue until prices fall to a reasonable level. "The first priority for the government as of now is to ensure that rice prices are brought down," Chopra said, while asserting that prices of all essential food items are under control except rice. Prices of rice have risen by 14.5 per cent in retail and 15.5 per cent in the wholesale markets in the la

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

Consolidated net profit at the 'India Gate' basmati rice maker fell to 1.53 billion rupees ($18.37 million) for the quarter, from 2.13 billion rupees a year ago.

Despite export restrictions, local rice prices remain almost 15% higher than a year ago

The ministry said it expects output of summer-sown pulses for the period at 7.1 million tonnes, lower than the previous year due to climatic conditions

India's move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, IMF chief economist Pierre-Olivier Gourinchas said on Tuesday

The National Rice Research Institute (NRRI) has recently submitted proposals to the Central Varietal Release Committee (CVRC) for the identification of 10 new rice varieties, an official said. The institute's director A K Nayak said that seven rice varieties sent from NRRI were recognised by the CVRC in the last one year. The institute will celebrate its 78th foundation day on Sunday, during which it will showcase its achievements so far. This year's foundation day lecture has been named after the first director of the institute, K Ramiah, who was instrumental in identifying the site in Cuttack to establish the rice research centre in 1946. Nayak said Ramiah's son R Pancharatnam has proposed to donate Rs 50 lakh to the institute for the endowment lecture. Former NRRI director and Department of Agricultural Research and Education's ex-secretary Trilochan Mohapatra, who is presently officiating as chairperson of the Protection of Plant Varieties and Farmers' Rights Authority, will .

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

Top exporter India's 5% broken parboiled variety was quoted at $352 to $356 per tonne this week, down from last week's $354 to $358

Rates for India's 5% broken parboiled variety were unchanged around $358-$362 per tonne, the lowest since January 2017

Supplies are falling, forcing exporters to quote higher prices, said another exporter also based in Kakinada