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Friday, November 1, 2024
TopicIndian rice exports

Topic: Indian rice exports

Global rice prices drop after India allows white rice exports

Global rice prices soared to their highest level in over 15 years following India's decision last year to ban the export of white rice and impose a 20% duty on parboiled rice exports.

India likely to ease export curbs on non-basmati rice as supply climbs up

Rice stocks at the Food Corporation of India on 1 September stood at 32.3 million metric tons, 38.6% higher than last year, encouraging the government to consider export relaxation.

Surge in freight charges, delays — Houthi attacks in Red Sea hit Haryana’s basmati, textile exporters

With Red Sea, critical to enter and exit Suez Canal, under attack by Yemen’s Houthi rebels, exporters are having to pay more than double to send goods to Middle East, Europe & US.

After UAE & Singapore, Centre allows export of non-basmati rice to 7 other countries

The export of non-basmati white rice was prohibited from July 20 to check the domestic prices and ensure domestic food security.

Government allows traders to export non-basmati white rice stuck at ports due to export ban

India, which accounts for 40% of world rice exports, sells the staple to more than 150 countries, including a few poor and vulnerable countries in Africa and Asia.

Helped by monsoon rains, rice planting gathers pace in India, up 1.71% from last yr

Higher rice planting in the country will ease concerns about the lower output of the staple.

Global rice importers seek government deals as India’s export ban curbs supplies

The ban will cut availability of rice on world markets by about a fifth, and could lead to importers seeking more govt-to-govt deals to overcome shortages and tame spiraling prices.

Delhi must push Russia to open Black Sea ports. Africa won’t get Indian rice this year

India has strategic interest in Nepal and Bangladesh so it is possible that export of white non-basmati rice to these countries will be allowed on diplomatic considerations.

IMF chief economist says India should reverse rice export restrictions, cites food inflation

Pierre-Olivier Gourinchas noted that these types of rice restrictions could lead to 'retaliatory measures.' He also said that global grain prices could rise by 10-15% this year.

Why India’s non-Basmati rice export ban could hit global markets hard

Even as rice prices have risen 11% year-on-year in July, the government has taken several steps in last few months to cool inflation in the key food grain.

On Camera

Bibek Debroy was an ‘Acharya’ in India’s intellectual history

In the centuries to come, economist Bibek Debroy's Mahabharata will attain the importance we attach to the texts of Shankara, Ramanuja, and Madhvacharya.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

From 2004 to 2024, bad news has come wrapped as good news for Congress

Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.