Rice export News

Iran-Israel Conflict Impact: Haryana's Karnal, a key hub for basmati rice exports, accounts for nearly 25 to 30 per cent of India’s total export volume in this segment.

Several other market participants say that rice prices in other key growing nations, who compete for market share with India, have started dropping, with India entering the market with little or no barrier. 

The government has also reduced the export duty on parboiled rice to 10 per cent from 20 per cent, the notification said.

In October 2023, India allowed 170,000 tonne of non-basmati white rice to Malaysia.

The ongoing WTO ministerial meeting took turns for the ugly path when Thai Ambassador to WTO, Pimchanok Pitfield reportedly made ‘offensive’ remarks on India's rice export.

The leading Rice Industry Associations were advised to take up the issue with their members and ensure that the retail price of Rice is reduced with immediate effect. 

Deshhit: Where the Government of India has banned the export of Basmati rice. So the same Pakistan has decided to export basmati rice in order to become a hero.

India banned the export of broken rice with immediate effect. Broken rice is widely used as feed in the poultry sector. This Kharif season, the area under paddy cultivation is around 6 per cent lower than the previous season.

Waiting periods at the Kakinada Anchorage Port had reached up to four weeks This will reduce waiting times and accelerate overall exports. India's 5% broken parboiled variety of rice eased to $395-$401 a tonne from last week`s multi-year high of $402-$408.

Thailand ended 2015 behind India for rice exports. India sold 10.23 million tonnes of rice. Vietnam was third globally while China remained the number one importer of rice.

India`s output could be hit this year as rains, crucial for the summer-sown rice crop, were 40 percent below average in the first six weeks of the June-September monsoon season.