Rice Export

India's rice exports to the EU have grown by 111 per cent between 2019 and 2023

India on Monday said the requirement for a certificate of inspection from government authorities for rice exports is limited to certain European Union (EU) member states. However, the exports to other European countries are exempted from this requirement for six months, the DGFT (Directorate General of Foreign Trade) notification said. "The requirement of a certificate of inspection from Export Inspection Council (EIC)/Export Inspection Agency for rice (basmati and non-basmati) exports is limited to EU member states, the UK, Iceland, Liechtenstein, Norway and Switzerland," the DGFT notification said. EIC is the official export certification body of India which ensures quality and safety of products exported from India. The UK, Netherlands, Italy, and Germany are some of the major importers of rice from India, which is a leading exporter of the grain.

Rice stocks rose after the government permitted the export of 100% broken rice, following a surge in inventories that reached a record high in early February-almost nine times the government's target

The government has lifted the export ban on broken rice to promote its shipments. The ban was imposed in September 2022. "Export policy of broken rice has been amended from prohibited to free with immediate effect," the Directorate General of Foreign Trade has said in a notification. Exporters have earlier urged the government to permit the shipments due to the rise in inventories. Last year, the government removed the minimum export price (MEP) of USD 490 per tonne on overseas shipments of non-basmati white rice and withdrew a blanket ban on the shipments of this variety. These measures came at a time when the country has ample rice stock at government godowns and retail prices are also under control. The export restriction was imposed as the Russia-Ukraine war had disrupted the foodgrain supply chain. Though there was a ban on exports, the government allowed the shipments to friendly and needy countries on a request basis. In 2023-24, India exported broken rice worth USD 194.

Notwithstanding the tense relations between India and Bangladesh ever since the ouster of former prime minister Sheikh Hasina in August last year, a second consignment of rice from India arrived at Mongla Port on Saturday, a media report said. Two ships carrying 16,400 tonnes of rice arrived at the port in the morning, The Dhaka Tribune newspaper reported. Bangladesh is set to receive 300,000 tonnes of rice from India under an agreement, with 40 per cent of it being unloaded at Mongla Port and the rest at Chittagong Port, according to the Mongla Food Controller's Office. The Panama-flagged vessel BMC Alpha arrived from Odisha's Dhamra Port carrying 7,700 tonnes of rice while the Thailand-flagged MV Sea Forest arrived from Kolkata Port with 8,700 tonnes. The first consignment under this open tender import from India arrived on January 20, when the Vietnam-flagged vessel MV Puthan-36 brought 5,700 tonnes of rice, according to the report. A few days ago, Bangladesh's interim governme

The country's rice exports in 2024 stood at 17.8 million metric tons, marginally down from 17.86 million tons shipped a year earlier

Data from the National Innovations in Climate Resilient Agriculture predicts wheat yields may drop by 6-25% by the year 2100, while irrigated rice yields could fall by 7% by 2050 and 10% by 2080

The country's agri exports are expected to cross USD 50 billion in 2024-25 on account of healthy demand and lifting on curbs on non-basmati rice, an official said on Tuesday. The official said export curbs on rice, wheat, and sugar impact agri exports to the tune of about USD 6-7 billion. "But now the curbs have been removed on rice, we expect that the agri exports will cross USD 50 billion. So far the trend is good, though the growth rate is not positive but as now rice is opened, by December-end, we will be in the positive zone," the official added. Rice exports are likely to reach 17-18 million tonnes this fiscal year as against 14-15 million tonnes last year. "It will give a big boost to exports," the official said, adding that basmati shipments may touch 5.5 million tonnes, while parboiled could be around 7-8 million tonnes and over 4 million tonnes of non-basmati rice. The main commodities, which are registering healthy growth included fruits, vegetables, meat and its produc

Last month India also gave the go ahead for exports of non-basmati white rice to resume. But New Delhi set a floor price for non-basmati white rice exports at $490 a metric ton

Export of white rice allowed at minimum export price of $490 per tonne; export duty on parboiled rice cut from 20% to 10%

India's exports were bigger than the combined shipments of the world's next four biggest exporters: Thailand, Vietnam, Pakistan and the United States

Stakeholders of West Bengal's rice industry on Saturday heaved a sigh of relief after the Centre removed the ban on overseas shipments of non-basmati white rice. The government's move is expected to help reopen 500-600 rice mills in the state, which had been closed for the past one year due to a slump in demand in the wake of export restrictions, Bengal Rice Mills Association president Sushil Kumar Choudhury said. The lifting of the ban on exports will also enable farmers to fetch better prices over the minimum support price (MSP), he said. "The removal of the export ban will not only boost the operation of rice mills but also improve the average realisation for farmers, which had been subdued in the past year. Of the 1,400-1,500 mills in West Bengal, 500-600 had been closed due to weak export demand and mounting losses," Choudhury told PTI. On average, each mill directly and indirectly employs around 500 people, he said. Earlier in the day, the government removed the blanket ban

Secretary Sanjeev Chopra says food prices to remain stable during festivals; mulls lifting curbs on non-basmati rice exports

The company becomes the largest shareholder in three-year-old Rage Coffee's parent, whose investors include Sixth Sense Ventures, and prominent figures such as cricketer Virat Kohli

The Solvent Extractors Association of India (SEA) has made a fresh appeal to the government to reconsider its decision to extend the ban on de-oiled rice bran exports until January 31, 2025. The industry body argues that the continued restriction is causing severe underutilisation of processing plants, particularly in eastern India. In a letter to its members, SEA highlighted the plight of rice bran processors in West Bengal, where plants are operating at low capacity or shutting down entirely. The association warned that this situation is negatively impacting the production of rice bran oil nationwide. "We once again appeal to the government to reconsider this matter and allow the export of de-oiled rice bran in the larger interest of the industry, rice millers, farmers, and the nation," SEA President Ajay Jhunjhunwala stated. The industry's concerns extend beyond the export ban. Recent instances of adulteration in rice bran oil and de-oiled rice bran with substances like dolomite

India's discount to Thailand and Vietnam's prices has narrowed, leading to lower exports

India has exported non-basmati white rice worth USD 122.7 million during April-May this fiscal and the government is closely monitoring its production, availability and export scenario to assess suitable policy intervention, Parliament was informed on Tuesday. The exports stood at USD 852.53 million in 2023-24, USD 2.2 billion in 2022-23 and USD 2 billion in 2021-22, Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha. He informed the export of non-basmati white rice is banned at present since July 20, 2023. However, export is allowed on the basis of permission granted by the government of India to other countries to meet their food security needs and based on the request of their government. Accordingly, Prasada said the export of non-basmati white rice has been allowed to the different countries. So far this fiscal, India has exported this rice to Maldives (1,24,218.36 MT), Mauritius (14,000 MT), Malawi (1,000 MT), Zimbabwe (1,000

India on Monday allowed the export of 1,000 tonnes of non-basmati white rice to Namibia through National Cooperative Exports Limited (NCEL). Though exports of non-basmati white rice have been banned since July 20, 2023, 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 on request. "Export of 1,000 MTs of non-basmati white rice to Namibia is permitted through NCEL, " the Directorate General of Foreign Trade (DGFT) said. India's export of non-basmati white rice was USD 122.7 million in April-May and USD 852.53 million in the entire 2023-24. The country has earlier also allowed such exports to countries like Nepal, Cameroon, Cote D' Ivore, Guinea, Malaysia, Philippines, and Seychelles. NCEL is a multi-state cooperative society. It is jointly promoted by some of the leading cooperative societies in the country, namely Gujarat Cooperative Milk Marketing Federation (GCMMF), popularly

New Delhi is expected to lower the basmati rice's minimum export price (MEP) to $800-$850 a metric ton, down from $950 a ton, to boost shipments

GRM Overseas, one of the leading Indian basmati rice exporters, on Friday said it will raise Rs 136.5 crore through issue of share warrants on a preferential basis to 33 promoters and non-promoter investors. The company's board has approved the allotment of up to 91,00,000 share warrants at an issue price of Rs 150, including a premium of Rs 148 per warrant. The board has approved the fund raise of Rs 136.5 core through the issue of share warrants on a preferential basis to 33 promoters and non-promoter investors, according to a regulatory filing. "The fund raised will also be used for expanding the '10X' Brand in India, making it a comprehensive food FMCG product company. The funds will also be allocated to explore future inorganic growth opportunities, including strategic mergers and acquisitions, and improve operational capabilities," the company said in a statement. These activities may be undertaken directly by the company or through its subsidiaries or joint ventures. The ..