Krishana Prasain, an experienced business reporter, joined The Kathmandu Post in 2018. With a background in markets coverage and 3 years at New Business Age magazine, she brings valuable expertise to her role, making her a valuable asset to the team. (Source: The Kathmandu Post)

Krishana Prasain, an experienced business reporter, brings a wealth of knowledge and insight to her market coverage for The Kathmandu Post. With a background in business journalism and three years of experience at New Business Age magazine, she delivers accurate and engaging articles that keep readers informed and engaged.

India is standing firm on its demand for permanent protection of its public procurement of grains through minimum support price (MSP) operations before discussing any other agriculture issues at the upcoming WTO conference in Abu Dhabi.

The Gem & Jewellery Export Promotion Council (GJEPC) is urging the Union Government to implement the safe harbour rule for the sale of rough diamonds in Special Notified Zones (SNZs) to boost the industry and make India a global trading hub. They have also proposed various measures to reduce import duties and enhance accessibility to raw materials, aiming to improve the ease of doing business and support industry growth in India.

Pakistan has retaliated against separatist militants inside Iran following an attack on its territory, resulting in casualties. Tensions are high in the Middle East, as both countries express a desire to contain the situation. The region’s stability is crucial for Russia and Turkey, who call for restraint and diplomacy.

India’s economic transformation from a dominant public sector to global competitiveness has propelled the country into various industries, including automotive, software, pharmaceuticals, and services. With the right reforms and entrepreneurship, India has positioned itself as a major player, attracting foreign investment and fostering a thriving business environment.

The prices of parboiled rice in India have reached a four-month high due to strong demand and reduced availability of paddy. Thailand’s rice prices have also risen due to increased demand from Indonesia and African markets. Rice prices have remained steady in Vietnam amid awaiting new supplies. Bangladesh experiences price increases despite sufficient reserves, with the government taking action against those stockpiling.

Prices of parboiled rice exported from India have reached their highest level in four months due to strong demand and reduced supplies. This increase is attributed to a shortage of paddy caused by increased government buying. Thailand and Bangladesh are also experiencing price surges and fluctuations in the rice export market. Stay updated with the latest trends and prices by closely monitoring the market.

Barry O’Byrne, CEO for global commercial banking at HSBC, acknowledges the effects of deglobalization on industries, including rice exporters in Pakistan. Despite challenges, Pakistani rice suppliers remain competitive by improving products, offering attractive prices, and exploring new markets. Source: Asia Nikkei.

The recent disruption in trade along the Red Sea route is creating major challenges for Pakistan’s export industry, impacting sectors such as perishables, textiles, and rice. Increased costs, longer transit times, and insurance complications are causing significant hurdles for businesses, raising concerns about the future of the global shipping landscape.