Basmati Rise

Pakistan has received the Geographical Indicator (GI) tag for its Basmati, paving the way for creating a local registry for the particular strain of rice and making a case in the international market, as the country fights a case in the EU against India's move to get Basmati rice registered as its product.

The rise in prices came as demand from African buyers improved, said an exporter based at Kakinada in southern Indian state of Andhra Pradesh.

Its net profit stood at Rs 86.49 crore in the year-ago period, the company said in a regulatory filing.

MUMBAI, SEPTEMBER 07: Shares of rice-based exporters were up on expectation that basmati prices would increase as production in Pakistan, a major producer, will be hit because of the recent floods, analysts said. "Although basmati rice prices have not yet firmed up but there could be a possibility of an increase going forward," said an analyst at...

Pakistan has received the Geographical Indicator (GI) tag for its Basmati, paving the way for creating a local registry for the particular strain of rice and making a case in the international market, as the country fights a case in the EU against India's move to get Basmati rice registered as its product.

The rise in prices came as demand from African buyers improved, said an exporter based at Kakinada in southern Indian state of Andhra Pradesh.

Its net profit stood at Rs 86.49 crore in the year-ago period, the company said in a regulatory filing.

MUMBAI, SEPTEMBER 07: Shares of rice-based exporters were up on expectation that basmati prices would increase as production in Pakistan, a major producer, will be hit because of the recent floods, analysts said. "Although basmati rice prices have not yet firmed up but there could be a possibility of an increase going forward," said an analyst at...