Basmati Rice

In other major decisions for farmers, the Cabinet approved extension for additional subsidy on di-ammonium phosphate (DAP), and also enhanced the allocation for PM Fasal Bima Yojana.

The Onion and Basmati Rice story: Does India need a minimum export price?

The recent lifting of the Minimum Export Price (MEP) aims to boost agricultural exports, yet critics argue it's a redundant policy harming small farmers and failing to control food inflation. India's export bans on rice and fluctuating MEPs reflect ongoing efforts to manage domestic supply and prices, while the country remains a major exporter of both onions and basmati rice 

India's basmati rice exports seen surging after floor price removed

The world's biggest rice exporter earlier this month removed a floor price of $950 a metric ton for basmati rice, weeks ahead of the arrival of the new season crop

Centre considering easing rice export limits, aiding global supply

Any further efforts to remove export hurdles could help cool benchmark Asian rice prices, which reached the highest in more than 15 years in January and remain historically elevated.

KRBL, LT Foods, Kohinoor shares rise as Centre removes Minimum Export Price on Basmati

The international price of variants of Basmati had been falling between 15-25 percent in the recent, past due to fewer orders. For FY24, the export of Basmati rice fell by 10 percent to 4.10 million tonne.

Bollywood star Salman Khan becomes brand ambassador for GRM Overseas

GRM Overseas Managing Director Atul Garg said Khan's mass appeal and fan base align with the company's 10X brand range of basmati rice and 10x Shakti range of wheat flour.

Govt permits 2,000 tonnes non-basmati white rice exports to Malawi, Zimbabwe

The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) has said in a notification.

India diversifies food exports as curbs on domestic staples weigh

Exports of basmati rice had reached $5.2 billion by the end of February, up 22% year on year, helped by an increase in global prices, he said.

Red Sea crisis: Indian traders on edge as exports worth $64 billion at risk

A FIEO survey revealed that cotton yarn exporters are facing a 50-600 percent increase in costs for their shipments to Bangladesh, Europe, and Egypt. The full impact of the crisis is likely to be visible in India’s export figures February onwards.

Red Sea crisis: Indian buffalo meat, basmati rice exports to some African nations hit, but loss not too large

When it comes to agricultural items like Basmati rice, coir, cereals that have high cargo volume but lower value, the impact is very high since their container costs could be as much as 30-40 percent of the whole consignment, said Israr Ahmed, FIEO President (officiate).

'Best Rice in the World': All you need to know about India's Basmati

Between April and October of current fiscal year, India exported 73.18 lakh tonnes of non-basmati rice and 26.08 lakh tonnes of basmati rice

Rising export prices of Indian basmati rice due to Red sea attacks l Houthis attack l World news

Ongoing disruptions in the Red Sea caused by attacks from Yemen's Houthi rebel group may prompt New Delhi to explore an alternative route through Africa for transporting basmati rice. This shift could potentially result in a price increase of approximately 15-20%. The attacks in the Red Sea are expected to affect India's basmati rice shipments, as the region serves as a vital pathway for oil, liquefied natural gas, and consumer goods transportation. Additionally, it plays a crucial role in accessing the Suez Canal, a pivotal maritime link connecting Asia and Europe.

Trade restrictions estimated to slash farm exports by $4 billion

The ban on non-basmati rice exports from India has resulted in higher prices and increased demand for both basmati and parboiled rice in export markets

Basmati MEP may be down to $850 a tonne in 2 weeks as local supply eases

The Centre had on August 25 mandated that basmati rice contracts only with a value of $1200 per tonne or above could be registered for exports till October 15. However, the order was extended by the government till ‘further notice’.

Government likely to review minimum export price of basmati rice

Now that the new crop of 'basmati' has started to arrive, prices tend to drop when the new crop arrives.

Govt extends 20% export duty on parboiled rice till March 31 next year

In July, the government banned export of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season.

India to cut floor price for basmati exports to stay competitive

The South Asian nation set the floor price in August to prevent some traders from smuggling non-basmati white rice, which has been banned for exports, by declaring them as the more expensive basmati.

Global rice prices hit 12-year high as India restricts export

India, on July 20, banned the export of non-white basmati rice and imposed a 20 percent export duty on parboiled rice August 25.

India basmati rice exporters get requests for early shipments

India exported around 4.5 million metric tons of basmati rice in 2022/23, with Saudi Arabia, Iran, Iraq, United Arab Emirates, Yemen and the United States among the top buyers.

Chart of the Day | Is India having its idli and eating it too?

Trade data reveals why government may have taken a drastic step of banning white rice exports

India’s basmati exporters in geopolitical hot soup

The abandoned US-Iran nuclear deal has left Indian rice exporters gasping for working capital, as their dues from Iran are mounting

Govt lifts ban on exports of organic non-basmati rice

The government had, in early September, banned the export of broken rice with an aim to increase domestic availability.

No plans to ban or curb exports of basmati, non-basmati rice: Govt official

The comments come amid reports of regulating overseas sale of rice after the government banned wheat exports and capped shipment of sugar at 10 million tonnes in the ongoing 2021-22 marketing year (October-September) as a precautionary step to check local prices.

GI tag for Basmati rice: Pakistan to challenge Indian claim of exclusivity

As per the Indian application, Basmati is special long grain aromatic rice grown and produced in a particular geographical region of the Indian sub-continent. Farmers' representative said Pakistan is a major grower and producer of Basmati rice.

Madhya Pradesh govt approaches SC over GI tag for Basmati-growing regions

Earlier this year, the state government and a Basmati growers association lost two separate cases in the Madras high court filed in 2016, challenging the exclusion of 13 districts of the state from a map submitted by the Agriculture and Processed Food Products Export Development Authority (APEDA) for GI tags.