India’s rice procurement deficit has decreased to 11% from 20% in November, thanks to a 5.44% increase in purchases. The total procurement reached 148.93 lakh tonnes, with Punjab and Haryana being the largest contributors. Uttar Pradesh saw a 32% rise in rice purchases, while Tamil Nadu and Telangana experienced declines. The government has raised its…
Due to healthy demand and lifting curbs on non-basmati rice, India’s agri exports are expected to reach USD 50 billion in 2024-25. Export curbs on rice, wheat, and sugar impacted agri exports by about USD 6-7 billion. However, removing rice curbs is expected to boost exports, with rice exports expected to reach 17-18 million tonnes…
India’s rice production is expected to be higher this year despite heavy rains and flooding in some states, according to the Agricultural Minister. The country is also considering easing curbs on non-basmati rice exports as inventories in the world’s biggest exporter of the grain surge and farmers are set to harvest a new crop in…
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 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 food ministry on Friday requested that traders, wholesalers, retailers, large chain shops, and milers around the states reveal stock positions within a week in order to stop speculation and a jump in rice prices. “The domestic prices of rice are increasing despite a good crop this kharif, ample stocks with Food Corporation of India…
FCI expressed concern on Friday over the rising price of rice, stating that PDS rice is “extremely” good quality and advising traders to purchase the grain through the Open Market Sale Scheme (OMSS) to increase domestic supply and limit price increases. The Food Corporation of India (FCI) raised the bid quantity to 2,000 tons per…
Turmeric prices saw a small gain of 0.21%, closing at 15,622, spurred by increased purchasing activity associated with holiday demand. The shortage of turmeric on the market is made worse by Maharashtra’s declining turmeric production. Though supplies of turmeric are still scarce, upcoming beneficial rainfall in Maharashtra and Telangana is anticipated to boost crop growth….
The deadline for Telangana to mill rice to order and deliver it to the central pool for the kharif season of 2021–2022 has not been extended by the center. The deadline for processing rabi paddy from the season of 2021–22 has been extended, though. In order to keep up with the increased procurement, it has…
As an exception due to the ban on shipping of this variety of rice on September 8, 2022, the government has authorized the export of 3.5 lakh tonnes (lt) of broken rice to Senegal and Gambia. The Ministry has also approved the delivery of 9,990 tonnes of broken rice to Djibouti, Ethiopia. Ruby Overseas of…
