The Indian government is considering reducing the Minimum Export Price (MEP) for basmati rice to make it more affordable for consumers and support farmers. This move comes in response to recommendations from rice exporters seeking to improve their competitiveness in the global market. Lowering the MEP aims to strengthen India’s position as a leading exporter of premium basmati rice.

Indian wheat prices reach an eight-month high due to strong festival demand, limited supplies, and import duties. Concerns about food inflation arise as prices surge 1.6% to 27,390 rupees per metric ton. The government may release more stocks and eliminate import duties to stabilize supplies and control prices.

Exporters in India are unhappy with the government’s decision to maintain the minimum export price (MEP) for basmati rice, fearing it will benefit Pakistan. The government’s aim to stabilize domestic prices ahead of elections has resulted in losses for exporters and decreased demand from farmers. Exporters are urging the government to reduce the MEP to support the industry and ensure a fair market. (50 words)

Chinese researchers have completed a digital genetic variation map of rice based on over 10,000 rice samples. This milestone breakthrough provides valuable insights into natural rice variations and serves as a crucial tool for further research on rare variants, benefiting rice breeding programs worldwide.

Chinese researchers have created a digital genetic variation map of rice using over 10,000 rice samples, providing clear guidance for research on rare variants. This breakthrough in rice genetics will aid in understanding its genetic makeup and potential for genetic modification, with an online database making the findings accessible worldwide.

Pakistan faces high inflation among regional states, with a rate of 31.4 percent in September 2023. Efforts are needed to address inflationary pressures and stabilize the economy, as the government and stakeholders work to implement effective measures for economic growth.

India is reviewing the minimum export price of $1,200/tonne for basmati rice amidst backlash from traders. The All-India Rice Exporters Association has urged caution as the policy has slowed exports, impacting business viability. India exported 2 million tonnes of basmati rice worth ₹2.2 billion in April-August, a 12% increase.

The annual tradition of burning straw residue during the rice crop harvesting season in Pakistan contributes to smog and air pollution, reducing residents’ lifespan by up to four years. Solutions like cash incentives for farmers, specialized equipment, alternative uses for crop residue, and educational outreach can tackle the issue. It is crucial to act now to protect the environment and the well-being of communities.

Chinese and Pakistani scientists are developing high-yield wheat varieties resistant to yellow rust, a prevalent crop disease in Pakistan. Approval for commercial production is expected next year, potentially increasing local wheat output. This collaboration is part of China’s science and technology exchange program to assist developing nations. [Source: China Daily]

The Pakistani government, under caretaker Prime Minister Anwaar ul Haq Kakar, is implementing fuel price cuts and a price-control mechanism to combat inflation, aiming to pass on the benefits to consumers. However, analysts believe these cuts may have limited effectiveness in curbing inflation due to factors like international prices, rupee parity, and ongoing geopolitical risks.