The government assures stability in prices of essential food items during the festive season, controlling wheat prices through surplus stock sales and prohibiting the export of Non Basmati White Rice.

Russia has sent 27 tonnes of aid to Gaza Strip following Israeli attacks, containing essential supplies like wheat, sugar, rice, and pasta. This aid aims to alleviate suffering and provide crucial support to those in need amidst ongoing struggles for international consensus on the Israel-Gaza conflict.

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The decline in basmati rice prices is due to exporters in Punjab and Haryana stopping purchases, leading to concerns as orders divert to Pakistan. Exporters must focus on quality and competitiveness to thrive.

Pakistan’s food group exports in Q1 of FY 2023-24 rose by 18.88% YoY, totaling $1.280 billion. Rice export grew by 0.98%, while fish and fish preparations increased by 3.75%. Fruit exports witnessed substantial growth, with a noticeable increase in leguminous vegetables, spices, oil seeds and nuts, and sugar exports. Import of food group decreased by 32%. (Source: UrduPoint)

India has lifted the ban on exporting non-basmati white rice to countries like Nepal, Cameroon, Malaysia, and more in order to meet their food security requirements. This move aims to boost trade and support partner nations.

The prices of basmati rice have plummeted to Rs 3,200 per quintal in Punjab and Haryana as exporters have ceased purchasing due to the government’s maintenance of the minimum export price. As a result, international orders are now heading towards Pakistan, as Indian prices remain high.

India lifts ban on export of non-basmati white rice to several countries, including Nepal, Cameroon, Cote d’Ivoire, Republic of Guinea, Malaysia, Philippines, and Seychelles, in an effort to stabilize prices and ensure food security.

Punjab and Haryana exporters halting basmati rice purchases has caused a decline in prices, with international orders now going to Pakistan due to the higher minimum export price set by the Union government. Union Minister Piyush Goyal has hinted at a possible reduction in the minimum export price.

India approves export of non-basmati white rice to multiple countries, with the Philippines receiving the highest allocation. However, the Philippines’ reliance on India for rice is uncertain due to factors like price and quality.