{"id":4647,"date":"2023-06-01T11:17:17","date_gmt":"2023-06-01T11:17:17","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=4647"},"modified":"2023-06-01T11:17:18","modified_gmt":"2023-06-01T11:17:18","slug":"india-may-export-75000-tonnes-of-broken-rice-to-three-african-nations","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/india-may-export-75000-tonnes-of-broken-rice-to-three-african-nations\/","title":{"rendered":"India may export 75,000 tonnes of broken rice to three African nations"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><a href=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/06\/image-1.png\"><img decoding=\"async\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/06\/image-1-1024x576.png\" alt=\"\" class=\"wp-image-131349\"\/><\/a><\/figure>\n\n\n\n<p>Trade awaits DGFT order on policy renewing fully broken rice shipments<\/p>\n\n\n\n<p>India will likely export 75,000 tonnes of fully broken white rice under government-to-government (G2G) deals to Senegal, Gambia and Djibouti soon, traders have said.<\/p>\n\n\n\n<p>The move follows the Indian government\u2019s decision last week to permit exports of fully broken white rice \u2014 which were banned from September 8, 2022 \u2014 on the basis of permission given by it to other countries to meet their food security needs.<\/p>\n\n\n\n<p>\u201cHowever, the policy is yet to be announced by the Directorate-General of Foreign Trade,\u201d said Rajesh Paharia Jain, a New Delhi-based trader.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Earlier shipments<\/h5>\n\n\n\n<p>The development comes amidst demand from African countries which look to India for supply of fully broken white rice, besides parboiled rice.&nbsp;<\/p>\n\n\n\n<p>Earlier in March, the Government permitted exports of 2.5 lakh tonnes of broken rice to Senegal and one lakh tonnes to Gambia. In addition, about 10,000 tonnes of the rice variety were permitted to be shipped to Djibouti, Ethiopia.&nbsp;<\/p>\n\n\n\n<p>The development augurs well when demand for rice from South-East Asia is a bit slack. The slackness in demand is despite Indian prices being far more competitive to the rates offered by Thailand or Vietnam or Pakistan.&nbsp;<\/p>\n\n\n\n<p>\u201cIndian origin rice is still cheaper than Vietnamese and Pakistani origin rice. It is widely accepted unlike in the past and despite a 20 per cent duty on free-on-board (FOB) value which is $65-75 depending upon the grades,\u201d said Jain.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Enquiries taper<\/h5>\n\n\n\n<p>\u201cThough we are competitive, Indian rice prices have gained of late. But overall, prices are a bit unstable,\u201d said VR Vidya Sagar, Director, Bulk Logix.&nbsp;<\/p>\n\n\n\n<p>\u201cAfter we shipped a good quantity to South-East Asia, enquiries have tapered down now,\u201d said M Madan Prakash, President, Agri Commodities Exporters Association (ACEA).&nbsp;<\/p>\n\n\n\n<p>\u201cFor unexplained reasons, there is some dullness in rice exports to South-East Asia. Maybe, they will pick after June,\u201d said S Chandrasekaran, a Delhi-based trade analyst.<\/p>\n\n\n\n<p>Jain said 5 per cent broken white is ruling at $480 a tonne and 25 per cent broken at $460. The offer price includes the 20 per cent export duty.&nbsp;<\/p>\n\n\n\n<p>In contrast, Thailand is quoting these varieties at $511 and $494, respectively. Vietnam is offering these at $498-502 and $483-87, respectively. These prices are free-on-board (FOB).&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">India\u2019s advantage&nbsp;<\/h5>\n\n\n\n<p>Sagar said demand for Indian rice will continue as in the previous years since its prices are lucrative. \u201cIndia is centrally located and freight charges too are below compared to Thailand or Vietnam. People are also buying,\u201d he said.&nbsp;&nbsp;<\/p>\n\n\n\n<p>On the other hand, parboiled rice is quoted over $80 a tonne cheaper than the nearest competitor, said Jain. \u201cWe are offering parboiled rice around $385 f.o.b for July and August shipments,\u201d he said, adding that demand from other countries for the parboiled rice is shifting to India.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>India is offering 5 per cent broken parboiled rice at $385 a tonne f.o.b, while Thailand is quoting at $523 and Pakistan $583-87.&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Record output&nbsp;<\/h5>\n\n\n\n<p>India\u2019s rice exports are expected to be boosted by a record production of 135.54 mt this crop year to June against 129.97 mt last crop year. Rice production gained during the rabi season and will likely be good during the ongoing&nbsp;<em>zaid&nbsp;<\/em>season between rabi and kharif sowings.&nbsp;<\/p>\n\n\n\n<p>This crop year, kharif production was 1 mt lower compared to last crop year as deficient rainfall in key growing regions of West Bengal, Odisha, eastern Uttar Pradesh and Jharkhand were affected.<\/p>\n\n\n\n<p>As a result, the Government imposed 20 per cent export duty on white rice shipments from September 8, 2022, and banned fully broken rice exports, which was relaxed last week. However, it exempted basmati and parboiled rice exports from any curbs.&nbsp;<\/p>\n\n\n\n<p>Jain said Bangladesh is expected to be in the market for importing rice under G2G deals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trade awaits DGFT order on policy renewing fully broken rice shipments India will likely export 75,000 tonnes of fully broken white rice under government-to-government (G2G) deals to Senegal, Gambia and Djibouti soon, traders have said. The move follows the Indian government\u2019s decision last week to permit exports of fully broken white rice \u2014 which were [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4648,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[46,160,159],"class_list":["post-4647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asian-rice","tag-rice-export","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India may export 75,000 tonnes of broken rice to three African nations - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India may export 75,000 tonnes of broken rice to three African nations - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Trade awaits DGFT order on policy renewing fully broken rice shipments India will likely export 75,000 tonnes of fully broken white rice under government-to-government (G2G) deals to Senegal, Gambia and Djibouti soon, traders have said. 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