The government has approved the shipment of 80,000 tons of broken rice to Djibouti and Guinea Bissau, and 30,000 tons of non-basmati white rice to Tanzania. The Directorate General of Foreign Trade (DGFT) has stated in a notification that the export is authorized through National Cooperative Exports Limited (NCEL). West African Guinea-Bissau is a tropical…
The minimum export price (MEP) for all agricultural products is “strictly” not planned, the administration announced on Friday. Department of Commerce’s Additional Secretary, stated that the government has no plans to investigate the export of any agricultural products. Just to be clear, the government does not intend to assess all agricultural products from an export…
Although the kharif season 2023–24 was hampered by flooding in July and August, Punjab is anticipating a record harvest of paddy grain, according to officials. The food bowl of the nation, as the state is called, anticipates paddy output to surpass 205 lakh metric tons, with an average yield that is more than four quintals…
One month after the government reduced the minimum export price (MEP) of basmati rice to $950/ton in an effort to increase exports, mandi prices of several varieties of basmati paddy are currently 11–14% higher than they were the previous year. Basmati paddy prices have increased during the peak arrival season, according to exporters, due to…
Bangladesh has asked India to provide at least 0.5 million tonnes (mt) of parboiled rice on a government-to-government (G2G) basis for distribution through ration shops. The Sheikh Hasina Wajed administration has contacted India’s High Commissioner to Bangladesh for the supply, according to trade sources, even though Dhaka has issued two tenders for the importation of…
The Food Safety and Standards Authority of India (FSSAI) decided not to accept a proposal that has been in the works since 2017, which has derailed attempts to sell “blended Basmati rice” throughout the nation. According to S Chandrasekaran, a trade expert and the author of “Basmati Rice: The Natural History Geographical Indication, The FSSAI…
Basmati exporters are optimistic about global demand and have purchased paddy at rates that are 12–24% higher than a year ago. This optimism has been stoked by an increase of 11% in the shipments of fragrant rice during the first half of the current fiscal. Agricultural Produce Marketing Committee (APMC) yards have seen the buying…
Major agricultural and processed food exports, which are supported by the Agricultural and Processed Food Products Export Development Authority (APEDA), increased by a quarter to $13.77 billion (1,07,942 crore) in H1 FY23 from $11.06 billion in the same period last year. APEDA products exported a record $25.6 billion in FY22, exceeding the target. Wheat, pulses…
Farmers in Punjab, Haryana, and western Uttar Pradesh sowed three new basmati rice varieties for the first time this Kharif season. These varieties have demonstrated potential since they are resistant to bacterial blight and blast diseases and require less pesticide application. According to a preliminary analysis by the Indian Agricultural Research Institute (IARI), Pusa, Delhi,…
The government increased the export tax on non-basmati “white” rice by 20% on Thursday, which is anticipated to reduce the overall export volume in the current fiscal year. The export tax will be in effect starting this Friday, according to a notification from the finance ministry. According to exporters, white rice accounted for over 60%…
