Page 6 - Rice Export
UP to export 20 tonnes of 'Kala Namak' rice to Singapore by March end
The consignment will be sent to Singapore from Siddharth Nagar by the end of March this year
 "UP to export 20 tonnes of 'Kala Namak' rice to Singapore by March end")
Non-basmati rice exports doubled to Rs 22,856 cr during Apr-Dec 2020
Exports of non-basmati rice more than doubled to Rs 22,856 crore during April-December 2020-21 as against Rs 10,268 crore in the same period of the previous year, according to the commerce ministry.
 "Non-basmati rice exports doubled to Rs 22,856 cr during Apr-Dec 2020")
Vietnam buys Indian rice for first time in decades: Industry officials
The purchases underscore tightening supplies in Asia, which could lift rice prices in 2021 and even force traditional buyers of rice from Thailand and Vietnam to switch to India
 "Vietnam buys Indian rice for first time in decades: Industry officials")
India defers certificate requirement for rice export to European countries
India deferred the requirement to July 1, 2021
Bangladesh gets offers in tender to purchase 50,000 tonnes rice
The lowest offer in a Bangladesh tender to buy 50,000 tonnes of parboiled rice was $405.60 a tonne, including freight, insurance and other expenses
 "Bangladesh gets offers in tender to purchase 50,000 tonnes rice")
Bangladesh to cut duty on rice imports to cool record local prices
The import duty on rice will be lowered to 25% from 62.5%
 "Bangladesh to cut duty on rice imports to cool record local prices")
Bangladesh, India finalising first bilateral rice deal in 3 years: Report
India, the world's biggest rice exporter, is offering a steep discount to supplies from rivals Thailand and Vietnam to cut its surplus after a bumper harvest
CBI files FIR against rice export firm for over Rs 1,200 crore bank fraud
The CBI has booked Delhi-based Amira Pure Foods Pvt Ltd and its top executives including promoter Karan Chanana and Managing Director Rajesh Arora for allegedly cheating a consortium of a dozen banks
 "CBI files FIR against rice export firm for over Rs 1,200 crore bank fraud")
India's rice exports could jump to record on Thailand drought effects
Higher shipments from India, the world's biggest rice exporter, could cap global prices, reduce the country's bulging inventories and limit Indian state stockpiler purchases from farmers
 "India's rice exports could jump to record on Thailand drought effects")
India's rice export prices edge up to 4-month high on strong African demand
India's 5 percent broken parboiled variety was quoted around $370-$375 per tonne this week, the highest since the last week of September
 "India's rice export prices edge up to 4-month high on strong African demand")
US-Iran tensions, coronavirus to pull down rice exports by 20%: Report
Export of rice especially basmati, to Iran, valued at $1.5 billion in 2018-19 financial year, continue to weather uncertainty following US sanctions on its crude oil last year
 "US-Iran tensions, coronavirus to pull down rice exports by 20%: Report")
Domestic paddy prices hold firm over damage to crop last year
Iran is the largest buyer of Indian basmati and shipments had stood at nearly $1.5 billion in 2018-19
 "Domestic paddy prices hold firm over damage to crop last year")
India's October rice exports drop 42% y-o-y on weak demand from Africa
Smaller shipments from India could help rivals such as Thailand, Vietnam and Myanmar to increase their exports, according to Indian exporters
 "India's October rice exports drop 42% y-o-y on weak demand from Africa")
Indian rice prices weaken on low demand; Bulbul damages Bangladesh fields
The Thai government has asked farmers in 22 rice-growing provinces not to grow off-season crops
Rice exporters require certificate of inspection to export to EU nations
India, the world's top rice exporter, exports about 3 lakh tonnes of basmati rice to the EU.
India's non-basmati rice export falls after govt withdraws tax incentive
Government's decision to increase MSP consistently had raised cost of procuring
 "India's non-basmati rice export falls after govt withdraws tax incentive")
Rice exports from India witnesses a downward trend owing to elections
India is the world's largest rice exporter and in 2017, it had accounted for 25% of the global rice trade valued at US$ 7.73 billion, primarily due to its competitive cost advantage
 "Rice exports from India witnesses a downward trend owing to elections")
Govt extends duty benefits to non-basmati rice exporters to boost shipment
The duty benefit is provided under the commerce ministry's Merchandise Exports from India Scheme (MEIS)
 "Govt extends duty benefits to non-basmati rice exporters to boost shipment")
China clears 14 Indian rice companies for export amid trade war with US
China allows import of only basmati rice from India, but with this clearance, even non-basmati rice can be exported.
Rice exports to decline by 10% on restrictions from importing countries
Bangladesh imposes 18% import duty, EU introduces stringent quality norms; a part of decline to compensate through export to China
