Page 4 - India Rice Exports

Centre likely to lower basmati MEP, tightens stock limits on tur and urad

Food Min Piyush Goyal is believed to have held a high-level meeting with exporters and others to understand the ground situation, though there has been no official confirmation of any such meeting

Malaysia to discuss rice export curbs with India to find 'best solution'

State-run Malaysian rice importer Bernas will also be negotiating with other suppliers like Vietnam, Thailand And Cambodia, he said

Rice miller stocks in focus; KRBL, LT Foods soar 6% on positive biz outlook

The impact of El Nino on Basmati production is minimal due to the irrigation methods employed, utilizing both canal and groundwater sources

Gesture of friendship appreciated: S'pore on India exempting from rice ban

India recently decided to allow the export of rice to Singapore to "meet the food security requirements" of the southeast nation, the Ministry of External Affairs (MEA) said

Here's how Indian rice exporters are finding ways to get past the curbs

The exporters are overbilling so that they do not lose their export market share to Pakistan, which is another major competitor in rice exports

Rice exporters who paid duties before ban notif can ship consignments

The government has clarified exporters who have paid the export duty before the issue of notification on the ban on rice exports on July 20 will be allowed to ship that consignment. On July 20, the government banned exports of non-basmati white rice to boost domestic supply. While notifying this ban decision, the DGFT had specified about certain consignments which can be exported. In "relaxation" of DGFT's notification dated July 20, "export of non-basmati white rice is allowed when export duty is paid before 21:57:01 hours on July 20, 2023," the directorate has said in a notification dated August 29. It added that if the consignment has been handed over to the customs before 21:57:01 hours on July 20 and is registered in customs system for exportation before this specified time or is registered in the electronic systems of the concerned custodian of the customs station with verifiable evidence of date and time, those consignments are allowed up to October 30.

India decides to allow rice export to Singapore, cites special relation

India on August 27 introduced additional safeguards on exports of basmati rice so as to prevent exports of non-basmati white rice, which is presently under the prohibited category

India decides to allow export of rice to Singapore for special relationship

India on Tuesday said it has decided to allow export of rice to Singapore in view of the special relationship between the two countries. Last month, India announced a ban on export of all non-basmati white rice that resulted in sharp increase in global rice prices. External Affairs Ministry spokesperson Arindam Bagchi said formal orders allowing export of rice to Singapore will be issued shortly. "India and Singapore enjoy a very close strategic partnership, characterised by shared interests, close economic ties and strong people to people connect," he said. "In view of this special relationship, India has decided to allow export of rice to meet the food security requirements of Singapore," Bagchi said. The MEA spokesperson said this while responding to media queries on export of rice to Singapore. "Formal orders in this regard will be issued shortly," he said.

Rice shipments of 500,000 tonnes postponed after new duty: Exporters

Indian exporters were offering 5% broken parboiled variety last week at $450-$455 per metric ton, but since then have raised prices to a record $520, exporters said, up nearly 40% from a year ago

Central govt's restrictions on rice exports puts wheat and sugar in focus

The curbs on rice now cover all varieties that the South Asian nation ships to overseas markets, further tightening global supply

Stocks to Watch today, Aug 28: RIL, Jio Fin, BEL, Adani group, Gland Pharma

Stocks to Watch on Monday, August 28, 2023: The 46th Annual General Meeting (AGM) of Reliance Industries will take place at 2 PM today where Chairman Mukesh Ambani will address the shareholders

Govt decides not to allow basmati rice exports below $1,200 per tonne

The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice. In a statement on Sunday, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below USD 1,200 per tonne. Existing contracts below USD 1,200 per tonne have been kept in abeyance. A committee under the chairman of APEDA will be set up to evaluate future course of action. Seeking to control retail prices of rice, the central government has been taking several steps to boost domestic supply. In September last year, it banned exports of broken rice, while last month it imposed restrictions on non-basmati white rice. Last week, a 20 per cent export duty was slapped on par-boiled non-basmati rice. With these curbs, India has now imposed restrictions on all varieties of non-basmati rice. According to the statement of the commerce ministry, the government

India expands curbs on rice exports with 20% duty on parboiled grade

Last month, India surprised buyers by imposing a ban on exports of widely consumed non-basmati white rice, following a ban on broken rice exports last year

Centre may consider introducing minimum export price for rice exports

On Tuesday, food secretary Sanjeev Chopra explicitly denied any plans to restrict exports of parboiled rice, the only permitted variety of non-basmati rice for export

No plan as of now to restrict exports of par-boiled rice: Food Secy

There is no proposal, as of now, to restrict exports of par-boiled non-basmati rice, Union Food Secretary Sanjeev Chopra said on Tuesday. On July 20, the central government banned exports of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season. In September last year, exports of broken rice were prohibited. "There is no proposal as of now to restrict par-boiled rice exports," Chopra told reporters here when asked whether the government was considering banning exports or imposing an export duty on par-boiled rice to curb outward shipments and control prices. As per the commerce ministry data, India's total exports of basmati rice stood at USD 4.8 billion in 2022-23, while in volume terms it was at 45.6 lakh tonnes. Similarly, exports of non-basmati stood at USD 6.36 billion in the last fiscal. In volume terms, it was 177.9 lakh tonnes. "Non-Basmati white rice constitutes about 25 per cent of total rice exported from t

India not planning to restrict parboiled rice exports, clarifies food secy

Currently, there are no restrictions on the exports of parboiled rice, which constitutes nearly a third of India's total rice exports

Rice supply faces new threat as India considers more restrictions

The government is considering imposing a tax on shipments of parboiled rice, according to people familiar with matter. No decision has been made yet

Govt might lift the ban on white rice export soon as production increases

In September last year, India imposed a ban on broken rice exports and put a 20 per cent export tariff on non-basmati and non-parboiled rice, aimed at improving domestic supplies

India's rice export ban could hit planting, farm income: Farmers' body

Mishra said the government must compensate farmers by buying large quantities of the new-season rice harvest at higher prices

India's rice export ban now sparks concern that sugar might be next

The rice export ban is a clear signal the government is concerned about food security and inflation, said Henrique Akamine, head of sugar and ethanol at Tropical Research Services