INDIAN RICE PURCHASES

When an economy is doing good, the street can absorb anything. In normal circumstances, a hike in STCG and LTCG would have made Nfty and sensex react in a very negative way. But on the day of announcement and subsequently, hike in taxes on gains mad...

Thailand's 5% broken rice rates dropped to $585 per ton on Thursday, their lowest level since April 25, and were down from $595 last week.

Congress accuses Modi's 'vendetta politics' of obstructing Karnataka's 'Anna Bhagya,' increasing food subsidy costs up to Rs 18000 crore. FCI halted OMSS rice sales despite 50 million tonnes stock. Demand for BJP, JD(S) MPs, and Consumer Affairs Min...

Rice export prices from Vietnam dipped slightly due to rising shipping costs. Philippines' tariff cut on rice will boost Vietnamese shipments. India's parboiled rice prices remained unchanged.

India's agricultural markets are under scrutiny as a new government prepares to take office, potentially impacting global food prices. Prime Minister Modi's policies aimed at ensuring domestic supplies have influenced key crop exports. Changes post-...

According to S&P Global Commodity Insights, India, the world's largest rice exporter, implemented export restrictions, including banning broken rice exports and imposing additional duties on non-basmati white rice outflows in August 2022.

India's rice export prices increased this week due to higher duty on rice shipments, while Thailand's demand remained low. The government imposed a 20% export duty on parboiled rice exports in August 2023 to control domestic rice prices. The customs...

Indian traders are signing few new contracts for parboiled rice exports after customs officials changed the calculation method for the 20% export duty, resulting in a higher duty, four industry officials told Reuters earlier this week.

The country is the largest producer of many crops but it still has to resort to imports to meet domestic demand. Experts say we have to plug the gaps in the supply chain linking production and consumption centres to make the sector efficient and red...

Vietnam's 5% broken rice was offered at $600 per metric ton, down from $625-$630 a week ago.

India's basmati rice exports are expected to decrease in 2024 due to increased competition from Pakistan, which is offering the grain at more competitive prices. In 2023, India's basmati rice exports reached 4.9 million metric tons, just shy of the ...

In Kolkata, rice prices have dropped by up to 10% in the past month, attributed to increased market supplies and government measures. Non-basmati rice is 7% cheaper, while basmati prices have fallen by 10%. The arrival of the rabi crop from Telangan...

Piyush Goyal defends the government's focus on fighting corruption and promoting fiscal discipline. He highlights the importance of unity and inclusivity in India, emphasizing that the country's progress and well-being are interconnected and that no...

The record exports are helping to alleviate tight supplies following the restrictions imposed last year by India, the world's biggest exporter, and will bolster Pakistan's depleted foreign exchange reserves, which are crucial for financing imports.

India, a leading rice exporter, is set to prolong restrictions on overseas sales, maintaining the staple grain at its highest price levels since 2008. Despite being a top global shipper, Modi aims to curb domestic price surges, impacting nations lik...

India, the world's biggest rice exporter, in July ordered a surprise halt to non-basmati white rice exports, its largest category, driving global prices to multi-year highs.

India's export ban on non-Basmati white rice has triggered panic buying among the Indian diaspora in America. Hoarding quickly followed India's announcement that it was curtailing some rice exports due to an earlier than expected El Nino, which has ...

Fallout of the rice ban is being felt in the big-box warehouses in the US as well. Sapna Foods in Maryland, which usually caters to more than a hundred plus retail stores and restaurants in the DC, Maryland and Virginia or DMV area, is now drawing b...

India has banned a majority of rice shipments causing the price of rice to surge. Rice is a staple food in Asia and Africa and a hike in rice prices would push up imports and inflationary pressures for the region. Vietnam has already raised the pric...