India’s ban on rice export has set off alarm bells, the resulting supply shortage is expected to push global rice prices beyond a decade’s high, and that has made the IMF ‘encourage’ India to remove the export ban. What do you think India will do? Will it prioritise global price stability over the domestic market? Watch the full video to find out.
26 Jul 2023On July 20th Food and Consumer Affairs Ministry banned the export of non-basmati white rice. India did this to stabilise the volatile retail prices in the country. And this triggered panic among Indians living in the U.S. & U.K. who rushed to the nearest supermarkets in hordes to buy as many rice bags as possible. The weather this year has hit rice production hard. As a consequence, there's a shortage expected in supply. To ensure the shortage in supply doesn't lead to a price rise India decided to impose an export ban. Skyrocketing vegetable prices have already started affecting India's efforts to keep inflation in check.
25 Jul 2023ACB carried out extensive searches at the houses of over a dozen accused bank officials at 9 locations in Kashmir, 4 in Jammu and 3 in DelhiThe houses of REI Agro's chairman Sanjay Jhunjhunwala and vice president Sandeep Jhunjhunwala were also searched in Delhi
3 min read20 Oct 2019India's 5% broken parboiled variety was quoted around $362-$365 a tonne this week, down from last week's $371-$374Aggressive selling of old inventories by China to African buyers is also weighing on prices, exporters said
2 min read16 May 2019India is the world's biggest exporter of buffalo meat, guar gum and rice India's exports of pulses more than doubled during the period to 234,429 tonnes
1 min read5 Feb 2019The central state of Chhattisgarh, a leading rice producer, recently raised minimum paddy buying price to ₹2,500 per 100 kg from ₹1,750 rupees earlier
2 min read27 Dec 2018ndia's rice exports during April-September dropped 9.6% from a year earlier to 5.8 million tonnes, as Bangladesh reduced purchases due to bumper local harvest
1 min read23 Nov 2018Rice exports surged 18% from a year ago to a record 12.7 million tonnes in 2017/18 on good demand for non basmati rice from Bangladesh, Benin and Sri Lanka
1 min read27 Apr 2018India's rice exports likely jumped 22% in 2017 to a record 12.3 million tonnes as neighbouring Bangladesh ramped up purchases after flooding hit its crops
2 min read10 Jan 2018Basmati rice exports may decline as much as 5% to 3.79 million metric tons in the year that began on 1 April from a year earlier
1 min read10 Nov 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared