Page 5 - Rice Export

Explained: How govt imposing curbs on rice exports will affect India

The restrictions were placed, because sowing has not been up to expectations on account of irregularities in rainfall

Should you hold rice mill stocks amid export curbs?

Govt's imposition of export duties on rice may harm the profitability of rice-mill companies in the near-term. But, healthy rice harvest is expected to override negative sentiments in the long-haul

Export ban, duties to weigh on rice mill stocks in near-term, say analysts

Shares of LT Foods, Kohinoor Foods, KRBL, Chaman Lal Setia Exports, for instance, have declined in the range of 2 per cent to 9 per cent, as against 0.4 per cent gain in the Nifty50 index.

Best of BS Opinion: Unnecessary restrictions, lending transparency & more

Here is the best of Business Standard's opinion pieces for Monday

Global food supply faces turmoil with rice set to climb: Reports

The restrictions are threatening to ignite inflation for yet another key commodity, and may deprive some of the globe's poorest nations of a crucial element of their diet.

Unnecessary restrictions

Curbs on rice exports are ill-advised

Top Headlines: Direct tax collections jump, broken rice exports, and more

Business Standard brings you the top headlines at this hour

After duty hike on some varieties, Centre bans broken rice exports

India exported around 1.8 MT broken rice between April-June

Govt imposes 20% export duty on non-Basmati rice from Sept 9

Below-average rainfall in key rice-producing states such as West Bengal, Bihar and Uttar Pradesh has raised concerns over rice production in India

Govt to lift 51.8 mn tonnes rice in 2022-23, double coarse cereal purchases

Rice procurement a tad higher than 50.98 mn tonnes in 2021-22; market sources say this could be a sign that govt does not expect a major drop in Kharif rice output

Centre has no plans as of now to curb rice exports, says report

The government has no plans as of now to impose any restrictions on exports of rice and there are adequate buffer stocks to meet the domestic requirements, according to an official source. There were some discussions on imposing curbs on rice exports but no decision has been taken yet. The government is unlikely to put in any place restrictions, the source said. India, the world's second largest rice producer after China, commands 40 per cent share in the global trade. The country exported 21.2 million tonnes of rice in 2021-22 fiscal year, of which 3.94 million tonnes were basmati rice. It exported non-basmati rice worth USD 6.11 billion in the same period, as per official data. The country exported non-basmati rice to more than 150 countries in 2021-22. With area under coverage for paddy down by 6 per cent to 367.55 lakh hectares so far this kharif sowing season due to less rains in some states, there are concerns that production of rice may fall in the 2022-23 crop year ...

India has ample rice stocks, no plans to curb exports, says food secretary

India, the world's biggest rice exporter, has ample stocks of rice and there is no plan to restrict exports, the top official at the food ministry said on Monday

Panicked traders boost forward buys of Indian rice fearing a ban

In the last two weeks, traders have signed contracts to export 1 million tonnes of rice for shipments from June through September

Good monsoon outlook in India tempers fears of rice export curbs

Rice is the one staple grain helping to keep the world food crisis from getting worse

India has no plans to curb rice exports as local supplies surge: Report

India banned wheat exports on May 14, just days after New Delhi forecast record shipments of 10 million tonnes this year

Weak local currencies rein in India, Thai rice export rates

India's 5% broken parboiled variety was quoted at $367 to $370 per tonne, down from last week's $371 to $378, edging lower on a depreciation in the rupee amid steady demand from key buyers

Rice exporters seek extension of interest subsidy scheme to boost shipments

Rice exporters on Tuesday sought an extension of the interest subsidy scheme, which ended last year, from the government as it will help in further boosting the outbound shipments of the commodity.

Rice prices fall to 5-year low over weak rupee allow exporters to cut rates

Top exporter India's 5 percent broken parboiled variety was quoted at $351-$356 per tonne, down from $353-$358 last week

GM row may not affect rice exports for now; govt rules out 'contamination'

This is because the European Union (EU), from where the allegation came, accounts for very little of the country's rice export

Non-basmati rice exports surge in FY21 due to global demand, savvy pricing

India responded quickly to opportunities thrown up by the pandemic, and the hiccups faced by competing nations to put up a sterling performance in non-basmati shipments abroad