Daily Latest News
New Delhi: The ongoing conflict between Iran and Israel is starting to take a serious toll on India’s basmati rice trade, with exporters on Sunday warning of a looming payment crisis and sharp price drops if the situation does not improve soon. All India Rice Exporters Association President Satish Goyal said that over 1 lakh…
New Delhi: Rice prices have shown signs of uptrend, after India removed restrictions on exports and opened new business avenue for exporters.The removal of trade barrier has helped Indian rice exporters regain competitiveness in the overseas markets. According to traders, rice prices, both basmati and non-basmati white rice, are lower on a year-on-basis, but they…
New Delhi: The Centre lifted the ban on the export of non-basmati white rice on Friday with immediate effect, according to a notification. In July 2023, the government imposed the ban to ensure the domestic supply of rice and keep prices under control. Exporters hailed the decision, dubbing it a “game-changer” for the sector. “India’s…
New Delhi: India has permitted exports of 200,000 tonne of non-basmati white rice to Malaysia, an official notification said. India banned the export of rice in July 2023 to control inflation and secure food security. The exports of rice to Malaysia are permitted through National Cooperative Exports Limited, the Directorate General of Foreign Trade (DGFT)…