Gurnam Arora, JT MD, Kohinoor Foods,speaks to CNBC-TV18 about the impact on the export of Basmati rice in the US due to residual pesticides being found in the samples. The US authorities have issued an import alert and a detailed scrutiny of every grain is taking place
With expectations of basmati export touching about 3 million tonne and export of non-basmati another 5-6 million tonne, Gurnam Arora, joint MD of Kohinoor Foods informs that India will be the largest export of rice in the continent.
Yesterday, an Empowered Group of Ministers (EGoM) allowed export of non-basmati rice up to four million tonnes. In an interview to CNBC-TV18, Gurnam Arora, joint managing director of Kohinoor Foods says, EGoM decision will aid exports.
In an interview to CNBC-TV18, Gurnam Arora, joint managing director of Kohinoor Foods says, the sector has requested the government to abolish minimum export price (MEP) because it is not required now. “The export is hampered because of the MEP,” he adds.
Gurnam Arora, joint managing director of Kohinoor Foods, in an interview to CNBC-TV18, said that the government’s approval on non-basmati exports have put a cap on rising food prices.
The rice stocks have been quite active today. They have been doing very well in trade. Anil Mittal, CMD of KRBL and Gurnam Arora, Joint MD of Kohinoor Foods, in an interview with CNBC-TV18's Anuj Singhal and Sonia Shenoy, gave their perspective on the rice stocks and how the are expected to do going forward.