A new front has been opened for the export of basmati rice as Latin America (LatAM) has opened doors to Indian basmati rice for the first time. The LatAm countries have sent import enquiries to Indian basmati exporters who said consignments will leave Indian ports in December.

Earlier today, 26 Members of the U.S. House of Representatives signed onto a letter led by rice and wheat state Members Rick Crawford (R-AR) and Tracey Mann (R-KS) to U.S.

Nearly a third of India’s rice exports for this month are stuck due to a shortage of freight trains and most traders have stopped signing February export contracts to avoid demurrage charges, industry officials told Reuters.

Rice export prices in top exporter India this week touched their highest levels since last June, supported by tight supplies and a stronger rupee, while an uptick in demand buoyed

The rice milling market share growth in India by the 50-ton segment will be significant for revenue generation.

Assam Chief Minister Himanta Biswa Sarma on Monday said that due to lack of proper procurement mechanism and committed efforts, majority of the paddy produced in the state is procured by middlemen depriving the farmers of fair price.

Vikas Lifecare was locked in an upper circuit of 5% at Rs 5.16 after the company bagged an order for its recently initiated agro product segment worth Rs 20 crore from an Indian rice brand firm.

Kalaburagi (Karnataka) [India], January 7 (ANI): The police on Thursday seized 78 quintals of Public Distribution System (PDS) rice, which was being illegally transported in a truck near Buland Pravas Colony, Kalaburagi.

Police on Wednesday busted a major racket and recovered 445 quintals rice, worth Rs 7.56 lakh, which was disrtibuted for free to the economically-weaker sections or provided at subsidized rate during the pandemic. The racketeers were ferrying the rice to mills in Gondia for polishing it and selling at higher rates through upmarket outlets.

Bhola Singh and Suresh Tiwari, both paddy growing farmers of Rohtas district of Bihar, have been worried over slow paddy procurement by government agencies in the last 50 days.