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7
May

India emerges as world's top rice exporter

India, a leading exporter of rice before a slew of domestic curbs came in the way, returned with a bang in the global markets in 2011-12, toppling traditional leaders like Vietnam and Thailand to emerge as the biggest exporter.
However, sustaining this performance might be difficult. For, exporters have started raising prices. Last year, they had huge stocks because of a ban imposed on non-basmati rice since 2007. Even then, India will continue to be a big player in global rice markets, albeit not as big as it was in 2011-12, say those in the trade.

14
Dec

India's rice exports may touch 7mn tonnes in 2011-12

CRISIL Ratings has come out with its report on Indian rice. As per the rating agency India’s rice exports is expected to reach around 7 million tonnes in 2011-12, up from 2.2 million tonnes in 2010-11.

Increased exports, improved profitability support rice millers’ credit profiles

7
Dec

UP govt may extend rice export policy for 2 years

Allahabad : The Uttar Pradesh government is planning to extend its rice export policy, which expired on September 30, by another two years. This is likely to bring reprieve to the paddy growers, particularly those who used the hybrid varieties.

1
Dec

Price of Basmati rice falls to 40 per kg

PUNE: The price of Basmati rice has fallen to Rs 40 per kg for the first time in 10 years. "It used to cost Rs 55 a kg last fiscal but has now fallen to Rs 40 a kg, bringing it within the reach of the common man," says Rajesh Shah, a senior trader and market expert in the city.

In 2000-01, Basmati was sold at Rs 35 a kg and since then the price has escalated every year. The premium varieties of Basmati, which currently cost around Rs 60 a kg, will also come down once supply of the variety increases.

27
Sep

Trade KnowHow

Rice is one of the largest agricultural export items from India. A decade ago, India used to export only Basmati rice. Non-Basmati rice has also become a major item for export, registering a steady upwards trend in recent years, but, in monetary terms, the basmati varieties bring in more foreign exchange than non-basmati varieties of rice. A tremendous demand for basmati rice in the international markets has seen the country's basmati rice exports increased from about USD 470 million in 2000-2001 to about USD 1900 million during 2008-09.

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