Early variety of Basmati rice, PUSA 1509, has arrived in grain markets of Punjab and farmers are getting comparatively better prices during the opening days as compared to last year when the prices crashed by Rs 600 to Rs 1,000 per quintal.

Information gathered around markets yesterday revealed that importers are pointing to the rise in the global price of rice as justification of the need to hike the price of the commodity above US$13.00. However, importers claim that the government has downplayed their request so they are left with no option but to hoard their goods in order to pressurize the government to agree to their demand.

Thailand exported 2.59 million tonnes of rice between January and July this year, down 22% from the same time last year.

The year 2020-21 has seen India’s economy suffer terribly, with its largest ever contraction in GDP of 7.3 percent. However, it has grown by 20.1 percent during the April-June quarter

PATNA: Bihar CM Nitish Kumar on Wednesday reviewed his government’s preparations for paddy procurement during the forthcoming Kharif marketing season 2021-22, through videoconferencing from ‘Sankalp’ hall of the CM residence.

Global cereal production in 2021 is forecast to reach 2 788 million tonnes, up by 0.7 percent from the year before but below July’s expectations, according to FAO’s new Cereal Supply and Demand Brief, also released today.

COLOMBO: Sri Lanka’s government has started seizing stocks of sugar and rice from warehouses and will release them on the open market at regulated prices from Thursday as part of

Arrival of paddy in the mandis of the northern districts of Haryana has begun with harvesting of the early varieties has started.

The new quality specification fixed by the central government for the procurement of paddy has irked rice millers and farmers in Punjab.

The secretary of the Rice Importers Association, Masih Keshavarz said that rice imports have decreased by 80% compared to previous periods, which has led to a shortage of foreign rice in the market.