Rice Export News

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.

On 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.

ACB 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

India'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

India 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

The 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

ndia'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

Rice 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

India'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

Basmati 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