Page 2 - Rice Prices

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

Global food security at crossroads as rice shortages, surging prices hit

Francis Ndege isn't sure if his customers in Africa's largest slum can afford to keep buying rice from him. Prices for rice grown in Kenya soared a while ago because of higher fertiliser prices and a yearslong drought in the Horn of Africa that has reduced production. Cheap rice imported from India had filled the gap, feeding many of the hundreds of thousands of residents in Nairobi's Kibera slum who survive on less than $2 a day. But that is changing. The price of a 25 kg (55-pound) bag of rice has risen by a fifth since June. Wholesalers are yet to receive new stocks since India, the world's largest exporter of rice by far, said last month that it would ban some rice shipments. It's an effort by the world's most populous nation to control domestic prices ahead of a key election year but it's left a yawning gap of around 9.5 million metric tonnes (10.4 tons) of rice that people around the world need, roughly a fifth of global exports. I'm really hoping the imports keep coming, sa

Surging rice prices make things difficult for billions in Asia and Africa

The grain is vital to the diets of billions in Asia and Africa. Rice contributes as much as 60 per cent of total calorie intake for people in parts of Southeast Asia and Africa

Govt to offload additional wheat, rice via open market to tame prices

On likely cut in wheat import duty, the government said it will take action based on the requirement as things are dynamic and evolving

Govt says retail wheat and rice prices firm again increased in July

The retail prices of wheat and rice have again increased to Rs 29.59 per kilogramme and Rs 40.82 per kg, respectively in July, Parliament was informed on Wednesday. Minister of State for Consumer Affairs, Food and Public Distribution Sadhvi Niranjan Jyoti, in her written reply to the Lok Sabha, said the retail prices of wheat and rice are continuously changing and the government is closely monitoring the prices. The average retail price of wheat in January was Rs 31.58 per kg, which reduced to Rs.28.74 per kg in May. Thereafter, the average retail price of wheat has again increased to Rs 29.59 per kg in July, she said. In case of rice too, the average retail price has increased to Rs 40.82 per kg in July from Rs 38.09 per kg in January. The minister said the government has taken various steps from time to time to augment domestic availability and stabilize the prices of essential food commodities. These steps, inter-alia, include releases of wheat and rice under OMSS(D) from the .

Why states must not use central food grains for non-entitled categories

The Centre's decision in discontinuing with OMSS to states is in the interest of entire nation

Rice risks hitting decade-high as top exporter India imposes export curbs

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

Rice prices to climb further after India export ban, trade at standstill

In Thailand, the world's second biggest exporter, suppliers were waiting to find out prices before signing new deals

India mulls banning exports of most rice varieties as local prices surge

The government is discussing a plan to ban exports of all non-Basmati rice, according to people familiar with the matter

Centre stops sale of rice, wheat under OMSS to state to check price rise

The Centre has discontinued the sale of rice and wheat from the central pool under the Open Market Sale Scheme (OMSS) to state governments, a move that will hit some states, including Karnataka, offering free grains to the poor. This decision has already been conveyed to the Karnataka government, which had sought 13,819 tonne of rice for its own scheme under the OMSS without e-auction for July at the rate of Rs 3,400 per quintal. According to a recent order issued by the Food Corporation of India (FCI), "The sale of wheat and rice under the OMSS(domestic) for state governments is discontinued". However, the sale of rice under the OMSS will be continued for northeastern states, hilly states and states facing law and order situations, natural calamities at an existing rate of Rs 3,400 per quintal, it said. FCI may liquidate rice under the OMSS to private parties from the central pool stock as per the requirement in order to moderate the market prices, it added. On June 12, the centr

Why is growing rice becoming a challenge with each passing year

India being one of the major players in the world rice markets can't remain untouched with the weather and other challenges that the crop faces every year

Chaman Lal, KRBL: Firm demand to keep rice shares steaming, say analysts

Analysts expect global and domestic rice demand to remain firm, which they believe, would keep the stock prices piping hot going ahead

Rice, wheat inflation continue to rise contrary to overall inflation

The retail inflation rate in wheat rose to 19.67 per cent in November from 17.64 per cent in October

Multiple factors doubled retail inflation rate in wheat, rice since April

The spike in the prices of these two cereals was diametrically opposite to the cooling of the overall inflation rate and of food inflation, both of which hit a three-month low

India rice export curbs to end a decade of price stability: Report

India's recent curbs on rice exports could trigger a rally in global prices after more than a decade of stability, traders said, as New Delhi's protectionist move coincides with falling output

Export of rice consignments with limited quantity of broken rice allowed

The government imposed a ban on the export of broken rice with effect from September 9 to increase domestic availability

Retail prices of rice in domestic market to remain under control: Govt

The government on Friday said retail prices of rice in the domestic market will remain under control, helped by a ban on exports of broken rice and sufficient stocks in its godowns. The statement by the food ministry came a day after its factsheet alluded to a pricing pressure and rates of rice rising in the near term. By imposing the ban on export of broken rice, the government has "successfully ensured domestic food security, availability of domestic feed for poultry and cattle feed, while keeping a check over inflation as well as domestic price of rice", the food ministry said in the statement on Friday. With effect from September 9, the Centre imposed a ban on broken rice exports and also a slapped a 20 per cent export duty on non-basmati rice, except for par-boiled rice. "The domestic price of rice is in comfortable position and the prices will remain well under control...Due to surplus stock of rice, the domestic price of rice will be under control as compared to internationa

Govt says domestic rice prices may continue to rise: Here's why

Domestic rice prices are showing an upward trend and it "may continue to increase" due to low kharif production forecast and 11 per cent jump in export of non-basmati rice, the food ministry said on Thursday. The statement was made in the fact sheet that the ministry issued detailing reasoning behind recent amendments to the India's rice export policy. The ministry also said that the recent changes in India's rice export rules "have helped keep a check on domestic prices" without reducing the availability for exports. Early this month, the government had banned export of broken rice and imposed a 20 per cent export duty on non-basmati rice to boost domestic supplies paddy crop acreage in this kharif season. In its fact sheet, the food ministry said: "The domestic prices of rice are showing increasing trend and it may continue to increase due to low production forecast by about 6 million tonnes of paddy and 11 per cent increase in export of non-basmati rice compared to corresponding

Top Headlines: Petro products export share rises; RBI rate hike, and more

With the price index surprising on the upside in August, many analysts have pencilled in a higher inflation print in September as well and accordingly expect the RBI to frontload policy rate hikes

Rice prices soften in domestic markets after ban; exports may shrink by 25%

India, which commands 40% share in the global rice trade, exported 21.23 mt of rice in 2021-22, against 17.78 mt in the previous year