By Gurpreet Singh Nibber. The ban led to a buildup of rice stocks and a sharp decline in international prices. Before the ban, India regularly exported 10 to 12 lakh tonnes of
In FY24, India shipped rice worth $10.41 billion, a decline of 6.5% on year, as shipments were hampered because of restrictions that were imposed to improve domestic supplies.
Exporters say that rice exports in the entire FY25 may see an increase of 15%, because of a robust global demand, to cross a record $12 billion. Written by Sandip Das. The
Purchases to end this month in 5 states; more buys many not be desirable: Experts. By BL New Delhi Bureau. Rice procurement across the country has reached 45.84 million tonnes
The agriculture ministry has projected the kharif rice production to reach a record 119.93 MT in 2024-25 crop year (July-June), against 113.26 MT in 2023-24 crop year. Written
FCI’s purchases ample to tackle any ‘unforeseen eventuality’ By Prabhudatta Mishra Rice purchase by the Food Corporation of India (FCI) for the Central Pool stock during
Last week, the government lowered the issue price of rice to be sold to distilleries for making ethanol to ₹22.50/kg, as against the economic cost of ₹39.75/kg, effectively
Synopsis The Centre lowers the reserve price of FCI rice under OMSS by Rs 550 per quintal to Rs 2,250 for states and ethanol producers to support food security and boost sales.
However, the government is yet to decide the ethanol price which may soon be revised upward from ₹58.50/litre as it was fixed when FCI rice was sold at ₹20/kg in 2023-24.
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