Synopsis: The offtake of rice in September and October 2023 was 2.838 mt and 3.098 mt,respectively, while in September and October 2022, the monthly offtake was 5.848 mt and 5.386
The Government’s policy intervention in 2023 will continue to impact the market. Workers weigh and pack paddy bags at Sitapur market in Uttar Pradesh. File | Photo Credit:
Rice importers say under the current quota arrangement, imported rice will be dearer by over 30 percent in the local market. The imposition of the 20 percent export duty will make
By Kelum Bandara Delays in local testing by Sri Lankan authorities hinder the utilization of the total quota of Bamsati rice imports from Pakistan allocated under the
HIGHLIGHTS USDA forecasts rice exports at new record of 5 mil mt in MY 2023-24 Forex volatility, high interest rates pose challenges for exporters Basmati market stable but prices
Basmati, prized for its aroma and long grain, is witnessing a demand surge from traditional global buyers in the Middle East, the US and European Union. In the new season, over
Freight charge to Yemen has now increased to $2,400 per container from $850 earlier; freight rates to Jeddah have jumped from $300 per container to $1,500 now Basmati rice prices
A prolonged disruption to the supply of goods in the Red Sea due to attacks by Yemen’s Houthi rebel group could lead to New Delhi considering an alternate route along Africa for
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