India Gate Basmati Rice
LT Foods, KRBL surge up to 10% after government removes MEP on basmati rice
Shares of LT Foods hit a record high of Rs 446.30, as they rallied 10% and KRBL soared 7% to Rs 324.30, after the government lifted the minimum export price on basmati rice.
 "LT Foods, KRBL surge up to 10% after government removes MEP on basmati rice")
KRBL Q1 results: Net profit falls 55.5% to Rs 8,656 lakh on weak demand
World's biggest rice exporter imposed various curbs on exports in July last year and continued them in 2024 in an effort to keep local prices in check ahead of the general elections held in April-May
 "KRBL Q1 results: Net profit falls 55.5% to Rs 8,656 lakh on weak demand")
India's basmati rice exports might remain flat in FY25, says KRBL CFO
KRBL mainly sells packaged basmati rice domestically and in the export market, with 'India Gate' being its flagship brand
 "India's basmati rice exports might remain flat in FY25, says KRBL CFO")
Indian rice exporter KRBL posts 28% profit drop in Q2 on weak demand
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.
 "Indian rice exporter KRBL posts 28% profit drop in Q2 on weak demand")
India allows export of over 1 mn tonnes of non-basmati rice to 7 countries
The government on Wednesday said it has permitted exports of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon and Malaysia. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) said in a notification. Though exports of non-basmati white rice were banned on July 20 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 and on request. "Export of non-basmati white rice... to Nepal, Cameroon, Cote D' Ivore, Guinea, Malaysia, Philippines, and Seychelles is notified," it said. The quantity notified for Nepal is 95,000 tonnes, Cameroon (1,90,000 tonnes), Cote D' Ivore (1,42,000 tonnes), Guinea (1,42,000 tonnes), Malaysia (1,70,000 tonnes), Philippines (2,95,000 tonnes), and Seychelles (800 tonnes).
 "India allows export of over 1 mn tonnes of non-basmati rice to 7 countries")
LT Foods, KRBL, Chaman Lal, GRM slide up to 6% on basmati rice export curbs
KRBL, GRM Overseas and Chaman Lal Setia, meanwhile, dropped over 3 per cent, 4 per cent and 6 per cent, respectively, to their respective intra-day lows
 "LT Foods, KRBL, Chaman Lal, GRM slide up to 6% on basmati rice export curbs")
KRBL to expand non-basmati rice and bran oil portfolios: Jt MD Anoop Gupta
Basmati rice prices up 10-15% this year; may rise further as crop is 7-8% down
 "KRBL to expand non-basmati rice and bran oil portfolios: Jt MD Anoop Gupta")
Latest study recognizes India Gate as the world's no. 1 basmati rice brand
Latest Study Recognizes India Gate as the World's No. 1 Basmati Rice Brand
 "Latest study recognizes India Gate as the world's no. 1 basmati rice brand")
Insolvency: India Gate basmati rice maker KRBL group eyes REI Agro
The NCLT can order liquidation if a firm fails to bring to the table a resolution plan within six months of admission of the case. This can be extended by another three months
 "Insolvency: India Gate basmati rice maker KRBL group eyes REI Agro")
