India losing market share for basmati rice

Synopsis India’s global market share in basmati rice is declining due to the government’s decision to set a minimum export price of $1,200 per tonne. At a recent food fair in Turkey, no Indian companies received orders for the new basmati crop because of the high price. Global buyers are also delaying payments for orders […]

Basmati, non-basmati rice exports up 7.37 pc in Apr-Oct: Industry data

Synopsis Sethia said non-basmati rice exports were not affected due to the imposition of customs duty. The exports remained robust. The government imposed curbs on rice exports to check prices that flared up due to likely fall in production. As per the first estimate of the agriculture ministry, rice output is estimated to decline to […]