The government imposed a ban on the export of broken rice with effect from September 9 to increase domestic availability
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
This acreage was, however, 1.13 per cent more than the normal area in which paddy is planted
This will be the lowest output in two years, according to first estimate
At least 20 ships are waiting to load around 600,000 tonnes of rice at Indian ports as New Delhi's surprise export restrictions have trapped cargoes for nearly a fortnight
Chhattisgarh has delivered a record quota of rice to the FCI and Civil Supplies Corporation by undertaking custom milling and paddy procurement simultaneously
"The duty has made Indian rice expensive. Exports would drop by at least 5 million tonnes," B.V. Krishna Rao, president of The Rice Exporters Association (TREA), told Reuters.
The Finance Ministry on Monday attributed the rise in inflation to base effect and increase in food and fuel prices, and stressed that initiatives taken by the government to curb price rise will be felt more significantly in the coming months. According to the data, the retail inflation inched up to 7 per cent in August from 6.71 per cent in July. The ministry further said that the core inflation, which is calculated by excluding the transient components of CPI --'food and beverages' and 'fuel and light' at 5.9 per cent remained below the tolerance limit of 6 per cent for the fourth consecutive month. "The headline inflation based on retail CPI recorded a moderate increase from 6.71 % in July 22 to 7.0 % in August 22. This increase is attributable both to an adverse base effect and an increase in food & fuel prices - the transient components of CPI inflation," the ministry said in a series of tweets. This is the second instance since RBI adopted the inflation targeting approach ...
"India accounts for more than 40% of global shipments. So, nobody is sure how much prices will rise in the coming months," said Himanshu Agarwal, executive director at Satyam Balajee
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.
In full 2021-22, around 81,000 tonnes of broken rice was allotted from FCI's godowns for ethanol production
China is the biggest recipient of India's broken rice exports
Foreign exchange reserves declining to government making first disbursement under PLI scheme, here are the top headlines of the day
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
The Punjab Agricultural University has found southern rice black-streaked dwarf virus (SRBSDV), a viral disease, behind the stunting of paddy plants in many parts of Punjab. This is the first time that SRBSDV, which was first reported in 2001 from Southern China, has been detected in Punjab. Ludhiana-based PAU vice-chancellor Satbir Singh Gosal said that SRBSDV is the real cause behind stunting of rice. The PAU scientists had received complaints of stunted rice plants from farmers. Preliminary reports about the occurrence of these symptoms started coming from the districts of Sri Fatehgarh Sahib, Patiala, Hoshiarpur, Ludhiana, Pathankot, SAS Nagar, and Gurdaspur. Within one month, stunted rice plants were observed in almost the whole of Punjab and its adjoining states, said the PAU in a statement here. "The infected plants were stunted with narrow erect leaves, with both roots and shoots of the plants severely affected. In severely infected rice fields, the infected plants showed
Drawdown in wheat stocks, fear of fall in rice production raise doubts on scheme's sustenance beyond Sept 30 deadline
The drop in acreage has triggered fears of the government clamping down in exports as it did in the case of wheat in May
The threat to India's rice production comes at a time when countries are grappling with soaring food costs and rampant inflation
Experts say a fall in paddy output could hugely impact cereal prices going forward as wheat stocks in central pool aren't enough to quell any surge in prices
Grain inventory in central pool, as on July 1, 2022, lowest since 2019