Page 2 - India Rice Exports

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

India likely to export almost 18 million tonnes of rice in 2024-25: USDA

Supplies increase year to year on record production at 527.6 million tons that more than offsets lower beginning stocks

Basmati rice exports rose 22% till February FY24 on West Asia demand

Exports increased to 4.68 MMT in April-February, from 4.1 MMT during the same period, rising 14% in volume

Rice prices at three-month low on shrinking demand, ample supplies

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

Rice export prices fell to 3-month low on shrinking demand, ample supplies

India's 5% broken parboiled variety was quoted at $528-$536 per ton this week, down from last week's $538-$546. Prices hit a record high of $560 last month

Comm min working on infra to achieve $1 tn exports by 2030: Official

The commerce ministry has initiated an exercise to identify required infrastructure needs, potential sectors, and clusters which would help the country achieve the USD 1 trillion merchandise exports target by 2030, a senior government official said on Thursday. Additional Secretary in the Department of Commerce Anant Swarup said that the Asian Development Bank has been requested to conduct a study in this regard. If the country is targeting USD 1 trillion of exports by 2030, there is a likelihood of about USD 1.5 trillion of imports, so "do we have enough capacity" to cater to USD 2.5 trillion of EXIM (export and import) trade, he said. So that is the target on which the department is working, he said. "The ADB is doing a study for us because what is more important is from where the USD 1 trillion of exports is going to come from; which are those sectors and clusters from where this USD 1 trillion of exports is going to come from. That is very critical for us. "Because unless we k

Govt waives duty on export of 1,000 tonnes of non-basmati kalanamak rice

The government has removed duty on the Kalanamak variety of rice for exports of up to 1,000 tonnes through six specified customs stations. The duty on overseas shipments of Kalanamak rice was 20 per cent. According to a notification by the Finance Ministry, the duty waiver on the export of up to 1,000 tonnes of this variety of rice will come into effect from Wednesday. The Directorate General of Foreign Trade (DGFT) on Tuesday had allowed exports of up to 1,000 tonnes of Kalanamak rice through specified customs stations. Kalanamak is a variety of non-basmati rice, exports of which were earlier prohibited. Exports of this variety of rice are allowed through six customs stations - Varanasi Air Cargo; JNCH (Jawaharlal Nehru Customs House), Maharashtra; CH (customs house) Kandla, Gujarat; LCS (land customs station) Nepalgunj Road; LCS Sonauli; and LCS Barhni.

Malaysia to request additional 500,000 MT of white rice from India

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

Basmati rice exports to fall following surge in supply from Pakistan

Basmati rice shipments helped the world's biggest rice exporter to garner a record $5.4 billion in 2023, up nearly 21% from the previous year, because of higher prices, government data showed

Vietnam imports husked brown rice from India for re-exports: Reports

Vietnam, the world's third biggest rice exporter, has imported at least 200,000 metric tons of husked brown rice from India between December and February, the sources said

Govt to sell Bharat Rice at Rs 29/kg in retail; traders to disclose stocks

The government 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 directed traders to disclose rice stock, as part of its efforts to control prices. In a press conference, Union Food Secretary Sanjeev Chopra said retail and wholesale prices of rice have increased by around 15 per cent in the last one year despite restrictions on exports of various varieties. To control prices, he said the government has decided to sell subsidised 'Bharat Rice' at Rs 29 per kg in the retail market through two cooperatives the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and National Cooperative Consumers' Federation of India Ltd (NCCF) as well as retail chain Kendriya Bhandar. E-commerce platforms will also sell Bharat Rice. He said Bharat Rice will be available in the market from next week in 5kg and 10kg packs. In the first phase, Chopra said the government has allocated 5 lakh tonne

Indian curbs to propel Pakistan's rice exports towards record high

Pakistan's exports could jump to 5 million metric tons in 2023/24 financial year, up from the last year's 3.7 million tons, Kewlani said

Parboiled rice rates spring to record highs on low supplies, firm demand

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

India's corn exports plunge as domestic prices rally on strong demand

India usually exports around 250,000 to 300,000 metric tons of corn every month but in December its exports fell to around 30,000 tons

USTR Tai to visit New Delhi next week for US-India trade policy forum meet

US Trade Representative Katherine Tai is scheduled to travel to New Delhi next week and will co-chair the ministerial-level meeting of the United States-India Trade Policy Forum with Commerce and Industry Minister Piyush Goyal. Ambassador Tai will travel to India from January 12-14 and begin her trip with a meeting with Goyal. She is also scheduled to meet Minister of External Affairs S Jaishankar later. On January 13, Tai will meet with civil society representatives, business leaders, and stakeholders to discuss the Biden-Harris Administration's engagement and commitment to fostering closer ties between the two countries. Tai's visit marks the first trip to India in the new year by a senior Biden administration official. Tai and Goyal will co-chair the 14th ministerial-level meeting of the United States-India Trade Policy Forum (TPF). During this year's meeting, Tai and Goyal will discuss a broad set of issues to enhance the resiliency of the trade relationship, including ...

Govt plans to sell FCI rice under Bharat brand; price not yet decided

In order to check rice inflation, the government is considering a proposal to sell FCI rice under the 'Bharat' brand but the discounted rate has not yet been decided, a food ministry official said. The ministry's efforts to check retail rice prices by boosting domestic availability through sale of FCI rice via e-auction under the Open Market Sale Scheme (OMSS) has received a lukewarm response. "There is a proposal to retail 'Bharat rice' but the price has not yet been decided," the official told PTI on Wednesday. Under the OMSS, the Food Corporation of India (FCI) is offering quality rice at a reserve price of Rs 29 per kg. "Whether to sell Bharat rice at the same rate or reduced rate, the decision has to be taken by the Group of Ministers," the official added. The government is already selling wheat flour (atta) and pulses under the Bharat brand through outlets managed by the National Agricultural Cooperative Marketing Federation of India (NAFED), National Cooperative Consumers' .

Indonesia secures rice import commitments from India, Thailand: Report

Jokowi, as the president is known, said while Indonesia's headline inflation is low, he remains concerned about food prices and imports would help secure supply

Govt monitoring rice situation in domestic, intl mkts on weekly basis

The government is closely monitoring the rice situation in the domestic as well as international markets on weekly basis and it can increase the percentage share in global rice trade when favourable conditions arise, Parliament was informed on Wednesday. India has banned export of broken and non-basmati white rice in view of uncertainty around rice production here and other rice producing countries due to geopolitical scenario, El Nino sentiments and extreme climatic conditions to check domestic prices and ensure adequate availability in the market here. "The government is closely monitoring the rice scenario in the domestic market as well as in international forum on weekly basis and the government can increase the percentage share in global rice trade when favourable conditions arise," Minister of State for Commerce and Industry Anupriya Patel said in a written reply to Lok Sabha. India was the largest rice exporting country in the world from 2018 to 2022 followed by Thailand and

India exported 7.3 MT non-basmati, imported 1.9 MT pulses in Apr-Oct: Govt

India has exported 26.08 lakh tonnes of basmati rice and 73.18 lakh tonnes of non-basmati rice during the April-October period of this fiscal year. In a written reply to Lok Sabha, Agriculture Minister Arjun Munda shared export data of major foodgrains. As per the data, the exports of basmati rice stood at 45.61 lakh tonnes in the entire 2022-23 financial year while the shipments of non-basmati rice stood at 177.92 lakh tonnes. Exports of basmati rice stood at 44.15 lakh tonnes in 2018-19; 44.55 lakh tonnes in 2019-20; 46.30 lakh tonnes in 2020-21; and 39.44 lakh tonnes in 2021-22. The data showed that exports of rice (other than basmati) were at 76.48 lakh tonnes in 2018-19; 50.56 lakh tonnes in 2019-20; 131.49 lakh tonnes in 2020-21, and 172.89 lakh tonnes in 2021-22 fiscal. India's total rice production stood at 1,357.55 lakh tonnes in 2022-23 as against 1,294.71 lakh tonnes in the previous year. Rice output stood at 1,164.84 lakh tonnes in 2018-19; 1,188.70 lakh tonnes in 201

Centre permits export of 20 MT of non-basmati rice to earthquake-hit Nepal

The government has provided a one-time exemption from the export ban to Indian Rice Exporters Federation for shipping 20 metric tonnes (MT) of non-basmati white rice as a donation to Nepal for earthquake-affected people. Last month, the government provided a similar exemption to Patanjali Ayurved. 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. "One time exemption from prohibition is granted to Indian Rice Exporters Federation for exports of 20 MT of non-basmati white rice (semi-milled or wholly milled rice, whether or not polished or glazed)...as donation to Nepal earthquake victims," the directorate general of foreign trade (DGFT) said in a notification. In a separate DGFT notification, the government permitted exports of 2.40 lakh tonnes of non-basmati white rice to five countries, including ...