{"id":7292,"date":"2023-08-28T10:42:21","date_gmt":"2023-08-28T10:42:21","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=7292"},"modified":"2023-08-28T10:43:05","modified_gmt":"2023-08-28T10:43:05","slug":"most-rice-stocks-decline-as-india-restricts-basmati-rice-exports-below-1200-a-tonne","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/most-rice-stocks-decline-as-india-restricts-basmati-rice-exports-below-1200-a-tonne\/","title":{"rendered":"Most Rice Stocks Decline As India Restricts Basmati-Rice Exports Below $1,200 A Tonne"},"content":{"rendered":"\n<p>The move is aimed at restricting possible illegal shipment of white non-basmati rice in the garb of premium basmati rice.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-171-1024x576.png\" alt=\"\" class=\"wp-image-7293\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-171-1024x576.png 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-171-600x338.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-171-300x169.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-171-768x432.png 768w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-171.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Shares of most rice stocks declined on Monday after the Union government decided not to allow exports of basmati rice below $1,200 per tonne.<\/p>\n\n\n\n<p>The move is aimed at restricting possible illegal shipment of white non-basmati rice in the garb of premium basmati rice.<\/p>\n\n\n\n<p>Contracts with the value of below $1200 per tonne may be kept in abeyance, according to a release by the Ministry of Commerce on Sunday.<\/p>\n\n\n\n<p>It may be evaluated by a committee to be set up by the chairperson of the Agricultural &amp; Processed Food Products Export Development Authority for understanding the variation in prices and use of this route for export of non-basmati white rice, the release said. &#8220;(The) APEDA should hold consultations with trade to sensitise them about the matter and work with them to discourage any use of this window for export of non-basmati white rice.&#8221;<\/p>\n\n\n\n<p>Shares of\u00a0Chaman Lal Setia Exports Ltd.\u00a0plunged 5.73% compared to a 0.07% gain in the benchmark NSE Nifty 50 as of 10:06 a.m.\u00a0KRBL Ltd.\u00a0declined over 2% and\u00a0Kohinoor Foods Ltd.\u00a0was down by 1.51%.<\/p>\n\n\n\n<p>Shares of\u00a0LT Foods Ltd.\u00a0advanced over 1% after it clarified that the basmati export limit did not impact exports for the company, which mostly exports premium and aged rice via Daawat and Royal brands. It said in an exchange filing that the export price of these was mostly over and above the minimum export price limit.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The move is aimed at restricting possible illegal shipment of white non-basmati rice in the garb of premium basmati rice. Shares of most rice stocks declined on Monday after the Union government decided not to allow exports of basmati rice below $1,200 per tonne. The move is aimed at restricting possible illegal shipment of white [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7293,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[215,167,160],"class_list":["post-7292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-basmati-rice","tag-indian-rice","tag-rice-export"],"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>Most Rice Stocks Decline As India Restricts Basmati-Rice Exports Below $1,200 A Tonne - 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=\"Most Rice Stocks Decline As India Restricts Basmati-Rice Exports Below $1,200 A Tonne - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"The move is aimed at restricting possible illegal shipment of white non-basmati rice in the garb of premium basmati rice. Shares of most rice stocks declined on Monday after the Union government decided not to allow exports of basmati rice below $1,200 per tonne. 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