The government of India stated in a statement on Thursday that below-average rainfall is projected to cause rice production to decline for the first time in eight years in 2023–2024, while wheat production is predicted to increase by 1.3% from the previous year. The world’s top exporter is closely monitoring its rice production after New…
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…
The government has been requested by rice exporters to relax limitations on the export of non-basmati rice by eliminating the 20 percent export levy on white (raw) rice and permitting the transport of one million tonnes (mt) of broken rice. The Centre must evaluate the Food Corporation of India’s purchase of paddy cultivated in the…
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…
Despite the Center’s restrictions on exports of non-basmati white rice and the imposition of a 20% export levy, Indian rice remains competitive on the international market. Although prices have increased by over $30 a tonne over the last two months, Indian cereal remains competitive.”The worldwide market for rice continues to be quite competitive for Indian…
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…
Steamed rice has undergone some processing in the form of steaming before being made available for sale, according to the Food Corporation of India (FCI), which has informed the Food Ministry. Exporters should be relieved after shipments of steamed rice were stopped because Customs officials believed it to be non-basmati white rice and demanded payment…
Despite a prohibition on wheat exports in May and restrictions on sugar shipments, India’s agricultural exports maintained steady through the end of this fiscal year. According to data obtained from the DGCIS, agricultural exports increased by about 20% between April and August to $23 billion, just slightly faster than the growth in total merchandise exports….
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%…
The decline in rice crop yields in Thailand and Vietnam and their increased costs of production may turn out to be a bonanza for India’s rice exports in this fiscal year, trade sources said. India is exporting rice at around $360 a tonne to key markets at present while Thailand and Vietnam are offering the…
