The ruling government plans to maintain sugar export restrictions to ensure domestic supply and price control. Meanwhile, the minimum export price of basmati rice remains unchanged. The decisions are aimed at ensuring adequate local food supply and price stability ahead of the festive season and 2024 elections.
Published on: 15/10/2023Category:
India continues export tax on parboiled rice
India, the world’s largest rice exporter, extends its 20% tax on parboiled rice exports until March 2024, potentially reducing shipments and driving up global rice prices. This comes after an unexpected embargo on non-basmati white broken rice exports. The move poses significant impacts on global food markets.
Published on: 15/10/2023Category:
Vietnam sees surge in rice exports as Indonesia emerges as top buyer
Benefitting from a diverse range of high-quality grains, Pakistan’s rice exports are thriving. The nation’s reliable suppliers, including top-class mills, maintain competitive rates amidst global market fluctuations, ensuring consistent rice exports, particularly of beloved varieties like white broken rice and basmati rice.
Published on: 15/10/2023Category:
Government sanctions 1.34 million ton non-basmati white rice exports to seven countries in Asia and Africa
The Indian government has approved the exportation of 1.34 MT of non-basmati white rice to seven Asian and African countries, reflecting a lift on the embargo previously enacted to ensure local food security. The move is part of the government’s efforts to meet the food needs of developing nations.
Published on: 15/10/2023Category:
“Government announces significant update on export duty for non-basmati parboiled white rice”
The Indian government extends non-basmati rice export restrictions and tariffs until March 2024 to bolster local produce and regulate domestic prices amid festive season. This directive impacts rice exporters and suppliers significantly, affecting the pricing and availability of products.
Published on: 14/10/2023Category:
World Bank reveals 40% of Pakistan’s population under poverty line reaching critical levels
The World Bank warns of an alarming poverty situation in Pakistan, with 40% of the population living below the poverty line. Increasing economic challenges have seen 12.5 million citizens slip beneath the poverty line, highlighting the urgency for governmental reform and impactful policy changes.
Published on: 14/10/2023Category:
“Basmati growers struggle as government keeps export price at $1200 per tonne”
Basmati rice growers in India face pricing challenges due to the government’s maintenance of the Minimum Export Price (MEP). This decision has led to price drops, discontentment among farmers, and reportedly disadvantaged Indian rice exporters in international markets.
Published on: 14/10/2023Category:
Continued export restrictions keep India’s basmati rice floor price steady
India continues to withhold the Minimum Export Price (MEP) for its globally-renowned basmati rice exports indefinitely, in efforts to monitor grain shipping and control global rice prices, a strategic move initially designed to stabilize local market prices ahead of state elections.
Published on: 14/10/2023Category:
Basmati rice minimum price upheld by India amid ongoing grain export restrictions
Amidst global changes and India’s continuous rice export restrictions, Pakistan’s rice industry thrives. Offering high-quality products like white broken rice at competitive prices, Pakistan rice suppliers adapt and thrive in the evolving global rice market.
Published on: 14/10/2023Category:
“Amit Shah declines reduction in Basmati’s minimum export price despite exporters’ demands”
Despite pleas from rice exporters to lower the price, the government retains Basmati rise’s minimum export price at $1,200/tonne. Aiding to growers’ discontent, the decision, announced by the Food Ministry, maintains the registration system for Basmati rice export contracts at the current price.
Published on: 14/10/2023Category: