India allows rice exports backed by already issued letters of credit

India allows rice exports backed by already issued letters of credit

India on Sept. 8 banned exports of broken rice and imposed a 20% duty on exports of various grades India on Sept. 8 banned exports of broken rice and imposed a 20% duty on exports of various grades India said it will allow cargoes of white and brown rice backed by letters of credit issued […]

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India’s rice export curbs paralyse trade in Asia as prices rise

India’s rice export curbs paralyse trade in Asia as prices rise

India’s restrictions on rice exports have paralysed trading in Asia, with buyers scouring for alternative supplies from Vietnam, Thailand and Myanmar where sellers are holding off on deals as prices rise, industry officials said. India, the world’s biggest exporter of the grain, banned shipments of broken rice and imposed a 20% duty on exports of […]

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Morning Digest | September 11, 2022

Morning Digest | September 11, 2022

Congress to put out electoral rolls If anyone desires to get nominations from 10 supporters from different States to contest the upcoming Congress presidential polls, the list of all 9,000-plus delegates will be available at All India Congress Committee (AICC) office from September 20, Central Election Authority (CEA) chairman Madhusudan Mistry said on Saturday in […]

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Rice exports may fall by 4-5 MT post ban on broken rice, 20% duty, say exporters

Rice exports may fall by 4-5 MT post ban on broken rice, 20% duty, say exporters

India’s rice exports could fall by 4-5 million tonnes (MT) this fiscal year due to the ban on broken rice as well as export duty on non-basmati rice, except for parboiled grains, exporters said. India, which commands 40% share in the global rice trade, exported 21.23 MT of rice in 2021-22 fiscal as against 17.78 […]

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