Rice Price

Over 2,000 farmers from the interior areas of the worst Maoist-infested Narayanpur district will be selling paddy for the first time at MSP at the procurement centres

This acreage was, however, 1.13 per cent more than the normal area in which paddy is planted

A 6-7 million tonnes shortfall in rice production due to a fall in paddy sowing area is likely to keep rice prices at elevated levels, adding to the inflationary pressure that the slowing economy is already grappling with. Elevated food prices, including that of cereals, had led to retail inflation reversing a three-month declining trend, to touch 7 per cent in August. Similarly, the wholesale price inflation, which declined to 11-month low, also showed price pressures from cereals resulting from wheat output being impacted by severe heat waves in some parts of the country. In addition to this, expectation of a lower paddy output - conservative by government estimates and higher if outside experts are to be believed - will keep inflationary expectations higher, experts and analysts believe. Erratic June-September rainfall and delayed withdrawal of South-West monsoon rains have added to concerns over paddy crop. India's rice production during the 2021-22 crop year, ended June, stoo

India, which commands 40% share in the global rice trade, exported 21.23 mt of rice in 2021-22, against 17.78 mt in the previous year

Shares of LT Foods, Kohinoor Foods, KRBL, Chaman Lal Setia Exports, for instance, have declined in the range of 2 per cent to 9 per cent, as against 0.4 per cent gain in the Nifty50 index.

Rice procurement a tad higher than 50.98 mn tonnes in 2021-22; market sources say this could be a sign that govt does not expect a major drop in Kharif rice output

Bangladesh is finalising deals with Vietnam and India to import a total of 330,000 tonnes of rice as it races to replenish reserves and cool domestic prices

The acquisition of Kohinoor rice brand by Adani Wilmar will fuel the next level of growth for Adani Wilmar and widen the portfolio to cater to premium customer segments

Fortified rice is made as per the standards fixed by the food regulator FSSAI which has prescribed blending rice with three micronutrients -- Iron, Folic Acid and Vitamin B12

Top exporter India's 5 percent broken parboiled variety was quoted at $351-$356 per tonne, down from $353-$358 last week

The lowest offer in a Bangladesh tender to buy 50,000 tonnes of parboiled rice was $405.60 a tonne, including freight, insurance and other expenses

Huge stocks lying with FCI limit increase in rice, wheat prices; coarse grains costlier by up to 16% during the past one month

Minimum purchase price for common grades of rice has been raised by about 4.3%, to 1,470 rupees per 100 kg