India Rice Exports

Lifting rice export curbs can help push agri exports over $50 bn in FY25

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

Govt estimates record 119.93 mt rice output for year 2024-25 Kharif season

India's rice production is likely to touch a record 119.93 million tonne (MT) in the 2024-25 kharif season on good monsoon, according to the agriculture ministry's first advance estimate released on Tuesday. The record estimate comes amid surplus stocks in government godowns. Rice production is projected 6.67 million tonne higher than the previous year's kharif season. The harvesting of the main kharif crop is underway across the country. Among coarse cereals, maize output is estimated at an all-time high of 24.54 MT for the 2024-25 kharif season (July-June), up from 22.24 MT last year. While jowar production is estimated higher at 2.19 MT, bajra output is likely to decline to 9.37 MT. Total coarse cereals production is pegged lower at 37.81 MT against 56.93 million tonne in the year-ago period. The ministry estimates total foodgrain production at 164.70 MT for the 2024-25 kharif season, higher than 155.76 MT last year. Pulses output is expected to remain almost flat at 6.95 MT

Govt decides to scrap export tax on parboiled rice to boost exports

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

Why India's easing of export curbs is important to global rice trade

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

Bengal exporters get relief as Centre lifts ban on non-basmati white rice

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

India's basmati rice exports surge after decision to remove floor price

India and Pakistan are the only growers of premium-grade basmati rice, and the Indian restrictions helped Pakistan gain market share in some categories

Govt mulling lifting ban on non-basmati rice export: Food Secretary

The government is mulling lifting the ban on export of certain varieties of non-basmati rice, Food Secretary Sanjeev Chopra said on Wednesday. "It (lifting of export ban on white rice) is also under consideration of the government. These things are dynamic and we will take an appropriate decision depending on the requirement and stocks available," Chopra told reporters. Export of non-basmati white rice has been banned since July 20, 2023 to boost domestic supply. The government has extended 20 per cent export duty on parboiled rice indefinitely. The secretary said there is ample stock of rice in the government godowns and retail prices are also under control.

India permits export of 200k tonne of non-basmati white rice to Malaysia

The government has permitted exports of two lakh tonne of non-basmati white rice to Malaysia, 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. "Exports of 2,00,000 MT of non-basmati white rice...to Malaysia is permitted through NCEL," the Directorate General of Foreign Trade (DGFT) has said in a notification. India has earlier also allowed these 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 known as AMUL, Indian Farmers Fertiliser Cooperative Ltd (IFFCO), Krishak Bharati Cooperative

Indian rice export rates fall on muted demand, prospects of higher supply

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

India exports $122.7 mn worth non-basmati white rice during Apr-May

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

Govt permits export of 1,000 tonnes non-basmati white rice to Namibia

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

86% of Jharkhand's paddy cultivation land unused due to scanty rainfall

Around 86 per cent of Jharkhand's arable land, meant for paddy sowing, is still lying fallow due to scanty rainfall, officials said. Paddy sowing has not yet taken off in four out of 24 districts even though the peak period of sowing ends next week, according to agricultural experts. Jharkhand has registered a 47 per rainfall deficit till July 26, officials said. Farmers are worried over the condition and they speculate the state might face drought-like situations for the third consecutive term. In 2023, 158 blocks in 17 districts were declared drought-hit by the state government, and in 2022, it was 226 blocks. Paddy crop was sown in only 2.43 lakh hectares against the target of 18 lakh hectares till July 26 or only in 13.53 per cent of the arable land, according to the sowing report of state agriculture department. Paddy sowing could not be started in Palamu, Latehar, Chatra and Deoghar districts. The situation of overall kharif crops, which includes maize, pulses, oilseeds an

India's agriculture exports drop 3% to $5.88 bn in Q1 on Red Sea crisis

Rice exports have also been constrained by export controls on certain varieties of the grain including non-basmati rice imposed by India

Malaysia urges India to ease rice, sugar export curbs amid supply concerns

India is a key supplier of rice, sugar, and onions for Malaysia, in turn, Malaysia is the second-largest exporter of palm oil to India after Indonesia

Govt plans to ease rice export curbs as stocks surge to record level

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

Non-basmati rice bore the brunt of export restrictions imposed in 2023

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

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

Rice export prices climb to near three-month high as demand picks up

India on Wednesday raised the price at which it will buy new-season common rice paddy from farmers by 5.4% to 2,300 rupees ($27) per 100 kg

Govt allows 2,000 tonnes non-basmati white rice exports to Malawi, Zimbabwe

The government has permitted exports of 2,000 tonnes of non-basmati white rice to two African nations - Malawi and Zimbabwe. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) has said in a notification. 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. Malawi is a landlocked country in south-eastern Africa, while Zimbabwe is a South African nation. According to the notification, exports of 1,000 tonnes of non-basmati rice were allowed to each of the countries. "Exports of non-basmati white rice to Malawi and Zimbabwe though NCEL is notified," the DGFT said. India has earlier also allowed such exports to countries like Nepal, Cameroon, Cote D' Ivore, Guinea, Malaysia, Philippines, and Seychelles. NCEL is a multi-sta

Global agricultural trade focuses on India policies post new govt formation

Prices of some farm commodities have softened from their peaks, with state agencies also cracking down on hoarding and selling some grains from state reserves