Basmati rice is India’s preferred domestic variety of rice with the highest standard of texture and aroma
In a not so very surprising decision, European Union has decided not to allow Basmati rice imports from India. Such decision may affect the price of Basmati rice in the market. The European Union which has witnessed many such decisions has done it in the name of strict laws for higher standards of no use of pesticides.This decision appears to be strange in nature. Basmati rice is India’s preferred domestic variety of rice with the highest standard of texture and aroma. All India rice exporters association (AIREA) has told that permission to export Basmati rice to EU nations had been earlier given till 31 December. Post that the permission will automatically get cancelled due to no extension. The reason given is the use of fungicides for the safety of Basmati rice to EU nations (another possible incident of fumigation laws manipulation). It is also evident that India usually exports (PB-1) and 1,401 Basmati breeds to EU. AIREA also asked for one year’s extension to the given export limits and may soon ask union government to intervene in the matter. It will definitely increase the domestic availability of Basmati rice by at least 1,00,000 tonnes to 3,00,000 tonnes, which may send a chill to domestic consumers.
An expert on the consumer affairs matter had termed it as a bright chance to ordinary consumer class which would never have the chance to opt for premium Rs 200 per kilograms or higher rate’s Basmati rice.According to the food and agriculture organisation of UN, Basmati is still believed to be a luxury food item among a huge 300 million plus middle-class consumer market of India. India’s overall progressive procurement for rice as on 1 September 2017 for the year 2016-17 was 387.38 lakh tonnes against the procurement of 341.43 lakh tonnes in the parallel period of previous year. The procurement of wheat for the rabi marketing season (RMS) for 2017-18 was 308.01 lakh tonnes against the procurement of 229.62 lakh tonnes in the corresponding period of RMS of the year 2016-17.
KRBL Limited wins the APEDA Golden Trophy for Outstanding Export Performance & Contribution in the Basmati Rice SectorPosted On: 2017-06-12 22:31:17
Recognising the impeccable quality of its products, KRBL Limited, a leading Basmati Rice Company, has been awarded the Golden Trophy by APEDA (Agricultural and Processed Food Products Export Development Authority), Ministry of Commerce and Industry, Government of India, for outstanding export performance for the year 2015-16. The award was presented by Smt. Rita Teotia, Commerce Secretary, MoC&I Government of India, at the 22nd Annual APEDA Award Function held on 12th June, 2017, at Vigyan Bhawan, New Delhi. Mr. Anil Kumar Mittal, Chairman & Managing Director of KRBL Limited, received the award on behalf of the company. Senior officers of the MoC&I and other government officials also graced the occasion. With over a 120-year heritage and an existence since 1889, KRBL Limited is the world's largest rice millers and Basmati rice exporters with a comprehensive product chain. KRBL exports basmati rice to 73 countries in the world and has a capacity of producing 195 MT of rice per hour. On receiving the award, Mr. Anil Kumar Mittal, Chairman & Managing Director of KRBL Limited said, "We are honoured to receive this award from APEDA as it reflects our continued commitment to satisfy our customers and deliver best quality Basmati Rice in India and around the world. This is truly a reflection of the high quality of products appreciated in domestic as well as international markets. Our flagship brand - India Gate Basmati rice not only enjoys market leadership in India but many important markets of Middle East and South East Asia. KRBL Limited believes that awards and recognition not only acknowledge success but also act as an impetus to motivate the company and its employees. It inspires us to take up new challenges that set new benchmarks in the industry. Taking cue from Ms Teotia's speech today, KRBL is committed to extending its global branding network to enhance value addition in India. "We are equally committed to marketing Indian Quinoa and other healthy grain from India in our brands to create newer product categories and newer markets, also suggested by her. MoC support to further these new initiatives is very encouraging," Mr Mittal added. Today, KRBL stands at the top slot of the Indian Basmati rice industry, unmatched and unparalleled in every aspect. With a strong retail presence across different sizes and price points, India Gate continued to allure consumers across all age groups and regions to lead the market and is today the most aspirational basmati rice brand in India. As world's largest Basmati exporter, KRBL has its wings spread across all the Basmati eating regions like Asia, Middle East, Europe, USA, Canada and Africa. Shares of KRBL LTD. was last trading in BSE at Rs.395.75 as compared to the previous close of Rs. 414.5. The total number of shares traded during the day was 48140 in over 1187 trades. The stock hit an intraday high of Rs. 419.95 and intraday low of 393.3. The net turnover during the day was Rs. 19430593.
Rising Kashmir NewsJammu: Experts on Tuesday said that Jammu will become a hub for export of quality basmati rice in India. This was said during a one-day workshop on ‘Quality improvement in production of Basmati rice for export’ at Chatha, wherein about 225 farmers from Basmati rice growing region of Jammu, Samba and Kathua districts participated and was attended by the national and state level experts of Basmati rice. According to a statement, the workshop was organized by Sher-e-Kashmir University of Agricultural Sciences and Technology (Jammu), in collaboration with Basmati Export Development Foundation (BEDF), APEDA, Government of India, organized one day workshop and focused on the production, marketing, utilization and export of Basmati rice in context of development of entrepreneurship. “A high level exchange of knowledge between the scientists, farmers and field functionaries to develop the road map for Basmati rice farming was taken up during the workshop, a spokesman said in the statemnet. During the programme, the spokesman said, the official website of Society for Integrated Development of Agriculture, Veterinary and Ecological Sciences (SIDAVES) was launched by Prof. P.K. Sharma, Vice Chancellor of SKUAST-J and the chief guest of the workshop. Prof. Pardeep Kumar Sharma congratulated the farmers for their enthusiastic participation in the workshop and appealed them to maintain the quality of their basmati produce to fetch a good price in the market and double the income of basmati growers. He advised the farmers to keep in touch with the scientists and experts for any kind of problems in their fields. He appealed to the basmati growers to be prepared to register themselves with the online portal to be launched shortly by the Government of India. He also congratulated Dr. Jag Paul Sharma, director Research and his team for the launch of the society SIDAVES for the benefit of mother earth and mankind. Dr. Jag Paul Sharma, Director Research of SKUAST-Jammu, gave a lecture on entrepreneurship in Basmati and its organic cultivation. He advised the farmers to adopt scientific advisories and regulations to obtain optimum yield and quality in basmati entrepreneurship in Jammu province. He emphasized for further improvement in basmati rice with increased grain length, high aroma, grain yield and resistance to diseases and insects and providing value addition to basmati rice varieties. Sharma stressed upon the use organic basmati seed for organic production of basmati rice, along with the use of bio-fertilizers and bio control agents. He advised for the development of farmer producers organizations (FPOs) of basmati growers in Jammu province. Dr. Ritesh Sharma, Principal Scientist (BEDF) interacted with the basmati growers of Jammu district and gave a lecture on strengths and challenges in export of Basmati rice and quality production techniques. He enlisted Ranbir Basmati and Basmati 370 of Jammu among the top 30 varieties of basmati rice and told that Pusa Basmati 1121 contains the longest grain length and constitutes 80 percent of the total basmati export. He discussed in detail about the problems, solutions, weaknesses and strengths of basmati growers of Jammu district and told that the pesticide residual effect is very less in Jammu Basmati as compared to other regions. Ravi Aggarwal, Chief Manager, Northern Region, Indian Potash Limited (IPL) appreciated the efforts of scientists of SKUAST-J in improvement of production technologies of basmati rice in Jammu province and requested the farmers for optimum use of fertilizers in their fields. IPL organized a quiz competition among the participating basmati rice growers wherein five winning farmers were facilitated with 50 kg bag of potash to each. Dr. S.K. Singh, Scientist of Organic Farming Research Center- Chatha, elaborated eco-friendly diseases and insect pest management of Basmati. Dr. R.K. Salgotra, Coordinator of School of Biotechnology presented welcome address, while, a formal vote of thanks was presented by Dr. R. K. Arora, Associate Director Extension and Incharge of all KVKs of SKUAST-Jammu.
5/3/2017 Commodity OnlineIndia, May 3 -- India' s Basmati Rice exports dropped 7% in dollar terms at $3. 2 billion in 2016-17 financial year as against the previous year s $3.47 billion according to provisional data released by the Agricultural and Processed Food Products Export Development Authority (APEDA).In volume terms basmati shipments were estimated at 3.99 million tonnes against 4.04 million tonnes.The dip in basmati shipments mainly due to the reduced offtake from Iran the largest buyer APEDA noted.Non-basmati Rice shipments grew 10.5% in value at Rs.17 122 crore as against Rs.15 483 crore in FY2015-16 . In volumes the non-basmati rice shipments were up at 6.81 million tonnes against 6.46 million tonnes in the previous year.Overall Rice shipments exceeded 10.81 million tonnes about 3% higher than the previous year s 10.50 million tonnes APEDA said. Published by HT Digital Content Services with permission from Commodity Online. For any query with respect to this article or any other content requirement, please contact Editor at email@example.com
After Nirmala Sitharaman’s ‘quality’ order, APEDA gets cracking on improving basmati rice
APEDA is making all efforts to ensure production of export-compliant basmati rice in the country, according to a senior official from the body.
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