India has extended sugar export restrictions to lower domestic prices ahead of state elections, aiming to increase supplies and prevent global food price inflation. The Directorate General of Foreign Trade (DGFT) has notified that export restrictions on various types of sugar will continue after October as part of the government’s efforts to reduce prices. This comes as India, the world’s second-largest sugar producer, faces reduced cane yields due to insufficient rainfall.

The Indian government has allowed the export of 1,034,800 tonnes of non-basmati white rice to Nepal, Cameroon, Cote D’ Ivore, Guinea, Malaysia, Philippines, and Seychelles to address their food security needs while balancing domestic supply. This decision benefits the rice industry in Pakistan and strengthens international trade relationships.

India, the largest exporter of rice, will reallow non-basmati white rice exports to countries like the Philippines after a temporary ban. India will also consider requests on a case-by-case basis to address rice needs, and has agreed to supply 295,000 tonnes to the Philippines to address inflation and control prices. Other countries set to receive exports include Nepal, Cameroon, Malaysia, Seychelles, Ivory Coast, and the Republic of Guinea, totaling over 1 million metric tons. This decision is expected to positively impact the international rice market.

Pakistan’s agricultural sector is thriving, with record-breaking cotton, rice, and wheat production. The country’s exports are benefiting from its successful cotton crop, with expectations of reaching 12 million bales. Rice exports are also expected to increase, with a bumper crop forecasted. Additionally, Pakistan achieved a remarkable wheat crop of 27.5 million tonnes, ensuring self-sufficiency and avoiding the need for wheat imports in the upcoming year.

Vietnam’s rice prices are soaring as the harvest season ends, leading to a supply shortage. Prices for 5% broken rice are 7% higher than Thailand’s and 10.7% higher than Pakistan’s. Despite the high prices, rice exports have surged by 40.4% this year, bringing increased profits for farmers. Low global supply is expected to keep rice prices high in the coming months. [Source: VnExpress]

Vietnam’s rice prices are surging as the harvest season concludes, causing a supply shortage. This increase is affecting both domestic and international markets. Vietnamese rice is at a higher price than Thailand and Pakistan, impacting consumers and businesses relying on rice exports. Rice is a vital part of Vietnam’s economy and meeting global demand. To learn more about rice exporters and suppliers in Vietnam, visit hasrice.com.

India has granted permission for the export of over one million tonnes of non-basmati white rice to seven countries, including Pakistan and Bangladesh. This decision presents new opportunities for Indian rice exporters, promoting bilateral trade and growth in the industry.

India has lifted the ban on non-basmati white rice exports, allowing rice exporters to explore new markets in Nepal, Cameroon, Malaysia, Philippines, Seychelles, Ivory Coast, and the Republic of Guinea. This decision reflects India’s commitment to international trade and economic growth.

India’s decision to maintain the floor price for basmati rice exports has sparked concerns among Pakistani exporters, intensifying competition between the countries. This has led to a surge in demand for Pakistani non-basmati rice, potentially increasing exports by $1 billion.

The DGFT has extended the restriction on sugar exports, excluding shipments to the EU and USA. This move aims to ensure adequate domestic sugar supply at reasonable prices. Monsoon deficits and weather conditions have contributed to a projected 3.3% decrease in India’s sugar production for the upcoming season.