India Rice Export

India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.

In a grain market of Uttar Pradesh's Ghaziabad, the price of the Basmati 1509 rice variety has decreased by Rs 200 to Rs 300 per quintal in the last two days because the exporters are no longer coming in with big orders.

India has removed most of the export curbs it imposed on rice shipments in 2023 with immediate effect, as above-average monsoon rains are expected to boost crop yields amid overflowing stocks in state granaries.

The Centre lifted the ban on the export of non-basmati white rice on Friday with immediate effect, according to a notification.

The government on Friday scrapped a minimum price threshold that it had set previously for exports of onion as it looked to pass on the benefit of international glut to Indian farmers.

Russia has warned Pakistan that it would ban rice imports again if Moscow's phytosanitary concerns are not addressed in future consignments after a quarantine organism was detected in the rice consignment.

India has allowed limited exports of essential commodities, including sugar, wheat, rice, and onions, to the Maldives, the government said on Friday, even as ties between Male and New Delhi remained tense amid rising Chinese influence.

The government today said it has permitted exports of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon and Malaysia.

Global rice prices reached a 15-year high in August after top exporter India banned some overseas sales of the grain, the Food and Agriculture Organization said Friday.

India received the lowest August rains since at least 1901, raising concerns about weaker crop output and the potential for more export restrictions following the nation's curbs on rice.

In view of the "special relationship" with Singapore, India has decided to allow the export of rice to "meet the food security requirements" of the Southeast nation, the Ministry of External Affairs (MEA) said.

The Centre's move to impose a 20 per cent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around five lakh metric tonnes to after mid-October to avoid paying the tax, three leading exporters told Reuters.

The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice.

India's export ban aims to ensure domestic availability and lower prices for consumers at home.

The International Monetary Fund has said it would "encourage" India to remove restrictions on export of a certain category of rice, which, it said, would have an impact on global inflation.

India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.

In a grain market of Uttar Pradesh's Ghaziabad, the price of the Basmati 1509 rice variety has decreased by Rs 200 to Rs 300 per quintal in the last two days because the exporters are no longer coming in with big orders.

India has removed most of the export curbs it imposed on rice shipments in 2023 with immediate effect, as above-average monsoon rains are expected to boost crop yields amid overflowing stocks in state granaries.

The Centre lifted the ban on the export of non-basmati white rice on Friday with immediate effect, according to a notification.

The government on Friday scrapped a minimum price threshold that it had set previously for exports of onion as it looked to pass on the benefit of international glut to Indian farmers.

Russia has warned Pakistan that it would ban rice imports again if Moscow's phytosanitary concerns are not addressed in future consignments after a quarantine organism was detected in the rice consignment.

India has allowed limited exports of essential commodities, including sugar, wheat, rice, and onions, to the Maldives, the government said on Friday, even as ties between Male and New Delhi remained tense amid rising Chinese influence.

The government today said it has permitted exports of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon and Malaysia.

Global rice prices reached a 15-year high in August after top exporter India banned some overseas sales of the grain, the Food and Agriculture Organization said Friday.

India received the lowest August rains since at least 1901, raising concerns about weaker crop output and the potential for more export restrictions following the nation's curbs on rice.

In view of the "special relationship" with Singapore, India has decided to allow the export of rice to "meet the food security requirements" of the Southeast nation, the Ministry of External Affairs (MEA) said.

The Centre's move to impose a 20 per cent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around five lakh metric tonnes to after mid-October to avoid paying the tax, three leading exporters told Reuters.

The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice.

India's export ban aims to ensure domestic availability and lower prices for consumers at home.

The International Monetary Fund has said it would "encourage" India to remove restrictions on export of a certain category of rice, which, it said, would have an impact on global inflation.