Kamal Nath joins war of words; says Chouhan did nothing to get GI status for MP basmati in 15 years
Exporters say granting GI tag to basmati grown in MP will lower its value in the global market, while MP contends its inclusion will help lakhs of farmers get better price
Exporters saw an unexpected demand surge as countries in West Asia rushed to build buffer stocks. But procedural problems could make it difficult to sustain the momentum
"This is not an issue of Punjab or Madhya Pradesh, it's a subject pertaining to the whole country's farmers and their livelihoods," he said
Rice is among the biggest agriculture exports from India along with buffalo meat and cotton
They are looking to tap exports in Africa, South East Asia as paddy crop in Tahiland and Vietnam fails, other exporting nations maintain buffer stocks
Exporters, however, are a worried lot as Iran, the top market for Indian basmati, is among the most-affected by the Covid-19 pandemic
The negative market dynamics are resulting in a downward basmati price trend on the bourses
Agency will not issue requisite certificate clearing exports under these two labels, due to persistent non-payment by Gulf importers for consignments shipped from Indian shores
The central agency issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) against the firm, it said in a statement
Fair average quality variety cost Rs 72 a kg in Delhi wholesale market now, from Rs 82 a month ago
Trigger provided by Centre's assurance ob sufficiency of funds in special rupee-denominated bilateral barter account
Delhi HC does well to allow MP farmers to produce it
However, the export volume is only marginally higher at 2 per cent
Exports should be against formal orders which include quality specifications and a mechanism for resolution of disputes
The price increase might hurt exports of this aromatic rice which remained a favourable choice for consumers in Iran, Saudi Arabia and European countries.
Trade sources believe that Iran is looking to use the euro in place of the dollar
Traders caution exporters to stay away till currency uncertainty recedes for bilateral trade
LT Foods, KRBL, Kohinoor Foods and Chaman Lal Setia Exports were up in the range of 5% to 15% on the BSE.
Kohinoor Foods up 20% at Rs 54.35, while LT Foods surge 12% to Rs 280 on BSE in intra-day trade