The government would ensure sufficient rice output for both domestic consumption and exports, and also make sure domestic prices are not too high, minister Jurin Laksanawisit told a press briefing
Coupled with the new season crop that is due to start trickling into the market by October, the surplus will raise market hopes of New Delhi relaxing a recent export ban
Rice exporters of Pakistan are having a field day due to the Indian government's ban on the export of non-basmati white rice to the international market. On July 20, the Indian government banned exports of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season. Non-basmati white rice constitutes about 25 per cent of total rice exported from the country. Pakistan Rice Exporters Association Chairman Chela Ram Kewlani said that the ban on non-Basmati white rice export by India has led to an increase in the export orders of Pakistani firms. There is a big demand for Pakistani rice in the global market after India placed restrictions on the export of non-basmati rice. International buyers are now turning towards Pakistani exporters, Kewlani told PTI on Wednesday. This year, Pakistan is expected to export rice worth over USD 3 billion dollars, he said, adding that the price of basmati rice has risen by 100 dollars per ...
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India exported around 4.5 million metric tons of basmati rice in 2022/23, with Saudi Arabia, Iran, Iraq, United Arab Emirates, Yemen and the United States among the top buyers
Restrictions on rice exports can be counterproductive
New Delhi's justifications for its decision are familiar: rising food prices at home, with a general election looming next year
Social media has been abuzz for the past few days with viral videos of people stocking rice bags in the US and the UK, and stores restricting supplies of Indian rice
Rice is vital to the diets of billions in Asia and Africa, and a surge in prices would add to inflationary pressures and jack up the import bills for buyers
Assuring that there are enough stocks of non-basmati rice in USA market even after the export ban by India, a group of rice exporters from Telangana requested the Agricultural and Processed Food Products Export Development Authority (APEDA) to reclassify and lift the prohibition. Non-Residents Indians (NRIs) in USA need not worry about availability of rice as there are enough stocks in that county and it will surely last for six months, Kiran Kumar Pola, Director, Deccan Grainz India, a leading rice exporter from here said on Monday. A section of media reports suggested that following a ban on exports of non-basmati rice by the Centre, stores in the USA witnessed panic buying of the commodity by NRI consumers. "In conclusion, we seek your support in addressing inadequate rice classification and lifting the ban on rice exports. We can allow exports of the preferred varieties in small packing with a minimum export price. We can implement a more accurate classification system. In this
Area under coverage for paddy is up 3 per cent to 180.2 lakh hectares till July 21 in the ongoing kharif (summer-sown) season, while the acreage of pulses is down 10 per cent to 85.85 lakh hectares, according to agriculture ministry data. The paddy acreage stood at 175.47 lakh hectares in the corresponding period last year. Pulses area was 95.22 lakh hectares in the same period last year. Paddy is the main kharif crop, sowing of which normally starts with the onset of southwest monsoon. About 80 per cent of the country's total rice production comes from the kharif season. As per the data, the acreage of Shri Anna-cum-coarse cereals has risen to 134.91 lakh hectares till July 21, as against 128.75 lakh hectares in the corresponding period last year. In non-foodgrains category, area under oilseeds has increased to 160.41 lakh hectares, from 155.29 lakh hectares in the same period last year. Groundnut sowing area has improved slightly to 34.94 lakh hectares from 34.56 lakh hectares.
India's decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth $1 billion, on the world market, dealers said
In Thailand, the world's second biggest exporter, suppliers were waiting to find out prices before signing new deals
India accounts for more than 40% of world rice exports but low inventories mean any cut in shipments will fuel food prices driven up by Russia's invasion of Ukraine last year and erratic weather
The government is discussing a plan to ban exports of all non-Basmati rice, according to people familiar with the matter
India suspended necessary requirement of certificatin of inspection by export inspection organisations for shipping both basmati and non-basmati rice to specified European nations by six months
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India imposed a 20% duty on shipments of white and brown rice in September and banned broken rice sales abroad
The government on Tuesday lifted the ban on exports of organic non-basmati rice, including broken rice after the easing of domestic supplies moderated prices. The government had, in early September, banned the export of broken rice with an aim to increase domestic availability. This followed a 20 per cent duty on the export of non-basmati rice aimed at shoring up domestic supplies after prices surged in retail markets. In a notification, the Directorate General of Foreign Trade said the export of organic non-basmati rice, including organic non-basmati broken rice, will now be governed by rules that prevailed before the September ban.
Centre refutes the assertion of artificial shortage of fertilisers in country