The Union government’s decision to reduce the minimum export price of basmati rice is expected to benefit growers and enable Indian exporters to compete with Pakistan, according to exporters. The price reduction will improve farmer incomes and remove fly-by-night exporters from the market.
Published on: 25/10/2023Category:
Government Plans to Lower Minimum Export Price of Basmati Rice to $950/Tonne
The Indian government has announced a reduction in the minimum export price (MEP) for basmati rice, in a move aimed at increasing export realizations and boosting farmers’ income. The MEP will be lowered from $1,200/tonne to $950/tonne, with exporters soon being able to register for shipments above the new threshold. Basmati rice is a highly sought-after product known for its aromatic and long-grain qualities.
Published on: 25/10/2023Category:
Government Plans to Lower Minimum Export Price on Basmati Rice to $950/tonne
The government has decided to lower the minimum export price for basmati rice shipments to boost exports and increase farmer income. The move comes after concerns about illegal exports and misclassification of non-basmati rice. Basmati rice with a GI tag is highly sought-after, with India dominating the global market.
Published on: 25/10/2023Category:
Pak-China Form Alliance Against Soil Heavy Metal Pollution
Chinese experts from prestigious institutions visit Pakistan to address heavy metal pollution in rice fields. They aim to reduce pollution sources, introduce innovative products, and strengthen the implementation of a joint research project to improve soil quality and rice safety in Pakistan’s agricultural sector.
Published on: 25/10/2023Category:
Long Grain Cambodia Unveils State-of-the-Art Facility, Positioned for Rapid Expansion in $271B Global Rice Market
Long Grain Co. Ltd unveils its state-of-the-art milling facility in Kampong Speu Province, Cambodia, positioning itself as a global leader in the rice market. With plans to increase production from 33,000 tons to 200,000 tons by 2025, Long Grain is dedicated to environmental sustainability and aims to expand into various sectors. The company’s commitment to excellence and vision for the future make it a rising industry leader.
Published on: 25/10/2023Category:
Import Alerts for Massagers, Medical Devices, Shrimp, Saffron, and Rice: Ensuring Safety and Compliance
The FDA has issued or modified import alerts for various products from different countries, allowing them to detain these products without physical examination upon entry into the United States. Know which products are on the “red list” and subject to Detention Without Physical Examination (DWPE), and how importers can challenge the violation. Stay informed with the latest FDA import alerts. [Source Article](https://www.strtrade.com)
Published on: 25/10/2023Category:
long grain cambodia’s advanced facility set to rapidly expand in $271 billion global rice market
Long Grain Co. Ltd, a specialty rice production and distribution enterprise, has opened a state-of-the-art milling facility in Cambodia, aiming to increase its rice production from 33,000 tons to 200,000 tons by 2025. They also plan to produce rice milk, rice cakes, grain spirit, and rice oil. With strategic location and innovative technology, Long Grain is poised to be a leading player in Cambodia’s growing rice industry.
Published on: 25/10/2023Category:
Unexpectedly Strong Thai Exports Surge in September Despite Sluggish Global Demand
Thailand’s rice exporters show resilience and thrive with an unexpected increase in exports for the second consecutive month, driven by higher shipments of agricultural and agro-industrial products, despite global weakness.
Published on: 25/10/2023Category:
Government reduces basmati rice export floor price to $950 per tonne
The Indian government has decided to lower the minimum export price for basmati rice following complaints of unprofitability. This move aims to address concerns raised by traders and farmers and promote healthier competition in the rice export industry.
Published on: 25/10/2023Category:
Centre’s Slash in Export Price Brings Huge Relief to Basmati Farmers in Punjab and Haryana
The Union government has reduced the minimum export prices of basmati rice from $1200 to $950 per tonne, benefiting farmers and exporters. This adjustment allows Indian basmati rice to compete with its Pakistani counterpart and prevents fraudulent exporters from plaguing the market.
Published on: 25/10/2023Category: