Page 2 - Rice Export
India has ample rice stocks, no plans to curb exports, says food secretary
India, the world's biggest rice exporter, has ample stocks of rice and there is no plan to restrict exports, the top official at the food ministry said on Monday
 "India has ample rice stocks, no plans to curb exports, says food secretary")
Panicked traders boost forward buys of Indian rice fearing a ban
In the last two weeks, traders have signed contracts to export 1 million tonnes of rice for shipments from June through September
 "Panicked traders boost forward buys of Indian rice fearing a ban")
Good monsoon outlook in India tempers fears of rice export curbs
Rice is the one staple grain helping to keep the world food crisis from getting worse
 "Good monsoon outlook in India tempers fears of rice export curbs")
India has no plans to curb rice exports as local supplies surge: Report
India banned wheat exports on May 14, just days after New Delhi forecast record shipments of 10 million tonnes this year
 "India has no plans to curb rice exports as local supplies surge: Report")
Weak local currencies rein in India, Thai rice export rates
India's 5% broken parboiled variety was quoted at $367 to $370 per tonne, down from last week's $371 to $378, edging lower on a depreciation in the rupee amid steady demand from key buyers
 "Weak local currencies rein in India, Thai rice export rates")
Rice exporters seek extension of interest subsidy scheme to boost shipments
Rice exporters on Tuesday sought an extension of the interest subsidy scheme, which ended last year, from the government as it will help in further boosting the outbound shipments of the commodity.
Rice prices fall to 5-year low over weak rupee allow exporters to cut rates
Top exporter India's 5 percent broken parboiled variety was quoted at $351-$356 per tonne, down from $353-$358 last week
 "Rice prices fall to 5-year low over weak rupee allow exporters to cut rates")
GM row may not affect rice exports for now; govt rules out 'contamination'
This is because the European Union (EU), from where the allegation came, accounts for very little of the country's rice export
 "GM row may not affect rice exports for now; govt rules out 'contamination'")
Non-basmati rice exports surge in FY21 due to global demand, savvy pricing
India responded quickly to opportunities thrown up by the pandemic, and the hiccups faced by competing nations to put up a sterling performance in non-basmati shipments abroad
 "Non-basmati rice exports surge in FY21 due to global demand, savvy pricing")
UP to export 20 tonnes of 'Kala Namak' rice to Singapore by March end
The consignment will be sent to Singapore from Siddharth Nagar by the end of March this year
 "UP to export 20 tonnes of 'Kala Namak' rice to Singapore by March end")
Non-basmati rice exports doubled to Rs 22,856 cr during Apr-Dec 2020
Exports of non-basmati rice more than doubled to Rs 22,856 crore during April-December 2020-21 as against Rs 10,268 crore in the same period of the previous year, according to the commerce ministry.
Vietnam buys Indian rice for first time in decades: Industry officials
The purchases underscore tightening supplies in Asia, which could lift rice prices in 2021 and even force traditional buyers of rice from Thailand and Vietnam to switch to India
 "Vietnam buys Indian rice for first time in decades: Industry officials")
India defers certificate requirement for rice export to European countries
India deferred the requirement to July 1, 2021
Bangladesh gets offers in tender to purchase 50,000 tonnes rice
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
 "Bangladesh gets offers in tender to purchase 50,000 tonnes rice")
Bangladesh to cut duty on rice imports to cool record local prices
The import duty on rice will be lowered to 25% from 62.5%
 "Bangladesh to cut duty on rice imports to cool record local prices")
Bangladesh, India finalising first bilateral rice deal in 3 years: Report
India, the world's biggest rice exporter, is offering a steep discount to supplies from rivals Thailand and Vietnam to cut its surplus after a bumper harvest
CBI files FIR against rice export firm for over Rs 1,200 crore bank fraud
The CBI has booked Delhi-based Amira Pure Foods Pvt Ltd and its top executives including promoter Karan Chanana and Managing Director Rajesh Arora for allegedly cheating a consortium of a dozen banks
 "CBI files FIR against rice export firm for over Rs 1,200 crore bank fraud")
India's rice exports could jump to record on Thailand drought effects
Higher shipments from India, the world's biggest rice exporter, could cap global prices, reduce the country's bulging inventories and limit Indian state stockpiler purchases from farmers
India's rice export prices edge up to 4-month high on strong African demand
India's 5 percent broken parboiled variety was quoted around $370-$375 per tonne this week, the highest since the last week of September
 "India's rice export prices edge up to 4-month high on strong African demand")
US-Iran tensions, coronavirus to pull down rice exports by 20%: Report
Export of rice especially basmati, to Iran, valued at $1.5 billion in 2018-19 financial year, continue to weather uncertainty following US sanctions on its crude oil last year
 "US-Iran tensions, coronavirus to pull down rice exports by 20%: Report")
