In the complex fabric of international trade, few commodities embody both cultural heritage and economic weight as distinctly as Basmati rice.
The global rice market witnessed significant changes this week as India and Pakistan both lifted export restrictions on key rice varieties, causing a drop in global rice prices.
An official said on Tuesday that India's agricultural exports are expected to exceed $50 billion in 2024-25 due to strong demand
Economic cooperation between Azerbaijan and Pakistan is expected to grow as significant initiatives are implemented to improve trade, investment, business-to-business, and people-to-people ties.
Despite New Delhi is export curbs, India& is rice exports remained stable in 2024, with record high premium basmati rice shipments offsetting a drop in non-basmati rice sales
Rice prices from India, the top exporter, remained stable at an 18-month low, while Thai rates remained unchanged from the previous week, owing to weak demand and rising supplies.
The interim government in Bangladesh plans to import seven lakh tonnes of rice, the most in the last seven fiscal years, as it seeks to replenish its depleted food grain stock
Rice imports in 2023 totaled 150% more than in 2019 from CFA 16.7 billion.
Morocco's Ministry of Industry and Trade has made an announcement that it will eliminate VAT and tariffs on rice imports to boost market supply and lower prices.
After the government lifted most of the restrictions on the shipment of rice a few months ago, India's exports of agricultural
The export ban on rice and rice-related products, with the exception of rice seeds, was extended by the Russian government on Tuesday for an additional six months, until June 30, 2025.
According to the Ministry of Agriculture and Rural Development (MARD), Vietnam made close to $5.8 billion in revenue from the export of 9.01 million tons of rice in 2024.
According to experts in the commodities sector, Pakistani rice, a crucial commodity that guarantees food security and generates foreign exchange for the nation, is expected to maintain its upward trend in export markets next year as well.
The deadline for exporting broken rice - ITC(HS) code 10064000 to Senegal and Gambia through the National Cooperative Exports Limited (NCEL) has been extended by the Directorate General of Foreign Trade
The Thai National Shippers Council said Tuesday that it expects Thailand's exports to grow 4% this year, up from a previous estimate of 2% growth
The government of Sri Lanka has made the decision to allow the private sector to import rice.
According to data from the General Department of Customs, Vietnam exported 8.05 million metric tons of rice between the start of this year and November 15th, earning a record-breaking value of over US$5 billion.
According to industry sources, the Indian government is considering lifting the ban on exports of 100% broken white rice
Philippine rice imports are nearing the 4-million metric ton (MMT) mark, exceeding the previous record set in 2022.
Bangladesh has issued another tender for the procurement of 50,000 tons of rice. This move comes when global food security faces increased pressure
Vietnam's rice exports are expected to reach a record 8.9 million tons in 2024, despite a drop in domestic production. This growth is primarily due to increased demand from international markets such as the Philippines
Exports of non-basmati white rice will not be impacted by the minimum $490 per tonne export price, or roughly ₹41/kg, as some in the trade had feared. Some states, like Odisha, Telangana, and Telangana, have declared bonuses for farmers who earn more than the ₹2,320 quintal minimum support price (MSP)
Rice exporters have placed India at the forefront of the global rice export, making it the world's largest rice exporter. India’s rise in the rice export market is not just a result of favorable climatic conditions but a well-executed strategy blending agricultural expertise, competitive pricing, and diversified market destinations. Over the last decade, India has leveraged its agricultural capacity to transform rice into a key export commodity, gaining dominance in markets across Asia, Africa, and beyond.
India's basmati rice industry is in jeopardy due to the ongoing conflict between Iran and Israel. India is the world's largest basmati rice exporter
Asia's rice prices fell to their lowest point in over 16 years as supply worries subsided following India's easing of export restrictions.</p><p>Tradologie.com is a next-generation, globally verified, transaction-oriented SaaS platform for B2B commodity
After India, the world's top rice exporter, approved the resumption of exports, the price of rice fell on Monday as a result of increased global supply, boosting the ability of low-income Asian and African consumers
The recent surge in Indian Basmati rice exports is set to have significant implications on the global B2B rice market. With India recording a 15% growth in Basmati rice
India's decision to remove the floor price for basmati rice exports is expected to result in a surge of orders from the Middle East, Europe, and the Americas, according to leading exporters
Recently, a misleading piece of information has surfaced regarding the export status of non-basmati white rice from India. Claims have emerged suggesting that the Government of India
The Indian government announced on Friday that it has reduced the export duty on parboiled rice from 20% to 10%. This decision follows a year after the Center implemented
Amidst the prospect of a record rice harvest in India, exporters are anticipating the removal of the ban on export of white rice as well as the 20% duty on parboiled rice exports
The government of Bangladesh plans to import 400,000 tons of wheat and 200,000 tons of rice in the next 15 days.</p><p>Tradologie.com is a next-generation, globally verifiedx
On Friday, the Indian Government announced that the minimum export price (MEP) of USD 950 per tonne for basmati rice has been lifted.
This year, increased acreage and excellent weather are expected to increase production by 15-20% over last year, bringing about an important shift in the basmati rice sector in India.
India, the world's leading rice exporter, is currently grappling with pressures from domestic traders who are pushing for a relaxation of export restrictions.
Vietnam's rice exports hit a remarkable 6.16 million tonnes in the first eight months of the year, reflecting a 5.9% increase compared to the same period last year
Based on a robust supply and competitive pricing environment, Thailand's rice exports increased in 2022-2023, a report from the US Department of Agriculture's Foreign Agricultural Service (FAS) stated.
The government is probably going to soon announce measures to loosen the limitations on rice exports that were put in place last year, given the abundance of rice inventories and healthy kharif crops
India's decision to impose a rice export ban from July 20, 2023, aimed at stabilising domestic supply and prices, has undeniably impacted the global rice market.
This week has seen a further drop in the price of Indian rice exports, primarily due to lower demand and expectations of increased output in the next season as a result of expanded planting areas
India's agricultural sector has experienced notable expansion, mostly due to the sale of Basmati rice to important markets in Europe and the Middle East.
This year's monsoon in India has been good, covering up for earlier shortfalls with lots of rain in August. The goal of 136.30 million tonnes (mt) of rice output is anticipated
Looking to export bulk basmati rice? The Haryana Rice Exporters' Association (HREA) has called on the government to eliminate the minimum export price
There have been claims of discrepancies in the shipments after certified organic rice exports from India over the initial four months of the 2024-25 fiscal year
Thailand is stepping up efforts to increase its <strong>Thai rice exports in bulk </strong>to the Philippines as the Southeast Asian nation
Nearly 40% of the world's rice demand comes from India, the greatest producer and exporter of rice in the world. However, because of things like El Nino impacts,
Trade data shows that the import of vegetable oils, which include both edible and non-edible oils, increased by 18% in June to 15.5 lakh tonnes due to a rise in the imports
One of the biggest consumers of rice globally, the Philippines, has announced a reduction in import taxes on rice from 35% to 15%, which will take effect
According to the September report of the United States Department of Agriculture (USDA), the Philippines will overtake China as the world’s top rice importer despite the global rice price surge.
According to Meristem, a Nigerian advisory firm alerts Nigeria for the expected surge in the prices of rice, edible oil, and other imported commodities in the upcoming months as recently India put restrictions on the export of rice to fulfill the needs of the domestic market.
Datuk Seri Johari Ghani, a member of parliament for Titiwangsa, has urged the government to make efforts to lessen Malaysia's reliance on rice imports required to meet domestic demand for the grain.
ASEAN leaders commit to continue the exports of agricultural products and refrain from putting any “unjustified” trade barriers as the region is worried about the low grain production due to the impact of El Nino dry weather.
This year Vietnam exported over 6 million tons of rice, estimated at around $3.2 billion. This figure is 21% up in terms of volume and 35% up in terms of value from the last year.
Vietnamese Prime Minister Mr. Pham Minh Cinh is in talks with the Philippines to finalize the trade agreement which will be in effect for five years.
Global rice prices are on the rise, with white rice and parboiled rice nearing $700 per tonne, primarily due to India's recent export restrictions.
According to the Food and Agriculture Organization (FAO), the growth in rice production in Bangladesh and Nigeria, along with crop recovery in Cambodia, Myanmar, Pakistan, Sri Lanka, and the US, will likely make up for crop shortfalls in Brazil, Indonesia, and Thailand, as well as output stagnation in India and China (mainland) in the 2023–24 season, which begins in September.
After India’s ban on the export of non-white basmati rice, the whole world is in shock as India is the major rice exporter of the world. This significant disruption in the global rice market raised concerns about the food security in rice-importing countries of the world.
India has taken a significant step in its international trade policy by allowing the export of rice to its allied nations, Bhutan, Singapore, and Mauritius, according to the Directorate General of Foreign Trade.
Hungary's government has confirmed its intention to reimpose a ban on agricultural products from Ukraine starting September 16 if the EU doesn't extend the ban on the domestic sale of Ukrainian grain.
In a worrisome development for India's agricultural sector, the country's rice output is predicted to decline by around 5% due to uneven rainfall distribution across different states. The consequences of this weather unpredictability are expected to serve pain not only within the nation's borders but also on a global scale.
India put restrictions on the export of non-basmati white rice in July to prevent the high prices of rice at the local market due to the upcoming El Nino and the festive season.
Continuing supply-side measures remains crucial in preventing the rise of food supply shocks into broader, economy-wide price fluctuations, the RBI Governor said in the minutes of the Monetary Policy Committee (MPC) meeting released on August 25.
Given that the global food prices are already on the verge of reaching multi-year highs, any further increases may result in higher food inflation globally.
In July, India banned the export of non-white basmati rice, creating havoc in the global rice market after that India imposed a 20% export duty on parboiled rice on August 25.
Referring to market speculations that India is likely to impose 20% export duty on non-basmati parboiled rice, Food Secretary of India, Mr. Sanjeev Chopra said in a statement that there are no proposals as such at the moment.
The Union Commerce Ministry in India has directed the Agricultural & Processed Food Products Export Development Authority (APEDA) to hold consultations with traders of Basmati rice in order to sensitise them about the issue.
Parboiled rice exports from India are now subject to a 20% duty placed by the Government in an effort to maintain a sufficient local supply and control rising domestic prices.
Since India, which supplies 40% of the world's rice, banned non-basmati white rice exports last month, rice prices have increased by about 20% to 15-year highs. India's decision has decreased supplies from the international market by 10 million tons, or 20% of the globally traded volume.
While Nepal’s Commerce and Supplies Ministry Joint Secretary, Mr. Ram Chandra Tiwari has clarified clearly that there are no immediate scarcity of these commodities in the domestic markets of the country, the requests have been made in a precautionary move to address possible food shortage in the upcoming festive season due to hoarding by market players and traders.
Located in Asia, Vietnam is the third largest rice exporter in the world. It ranks behind India and Thailand in the global rice trade and exports bulk rice to the world every year.
India- the largest rice exporter, banned exports of non-basmati white rice, a move that took global rice market by surprise, with a view to stabilize domestic rice prices in the country.
Rice prices in Vietnam and Thailand have risen by nearly 20% since India banned the export of non-basmati white rice last month.
The ban on the export of some varieties by the top rice supplier India and the threat of dry weather to Thailand's production caused rice prices in Asia to soar to their highest levels in nearly 15 years.
According to a vast majority of exporters, the export ban on non-basmati white rice may not last for very long because concerns over the standing crop's have eased.
Commanding a mammoth 40% share in the global rice trade, India is the leading rice exporter in the world and the Asian nation enjoys bumper paddy harvest every year which help it to ship different varieties of rice to over 150 countries after meeting its domestic needs.
With a view to stabilize prices of non-basmati white rice that was on a rise due to late but heavy monsoon rains in the Punjab and Haryana belt, the Government of India banned exports of the staple on 20th July 2023 and this has raised troubles both for the nations dependent upon India for their rice needs as well as the rice exporters of the country.
According to the United Nations’ Food and Agriculture Organization (FAO), prices for food commodities such as rice and vegetable oil have increased for the first time in months as a result of Russia's withdrawal from a wartime agreement that allowed Ukraine to export grain to the world and India's restriction of some of its Rice Exports.
The Indian government's ban on the export of non-basmati white rice to the international market is giving Pakistani rice exporters a field day.
Located in Asia, India is the largest rice exporter and second largest rice producer in the world. The country exports different varieties of rice (both basmati and non-basmati) to 150+ countries around the world and with that shares a mammoth 40% share in the global rice trade.
India banned the export of non-basmati white rice on July 20 in an effort to control the rising cost of the staple food grain on the domestic market after worries about paddy production were raised by the monsoon's delayed arrival and insufficient rains up until mid-June.
On 20th of July, 2023, world’s largest rice exporter-India, banned exports of non-basmati white rice in a move to stabilize prices in the domestic markets of the country and the Government of India’s (GOI’s) move have clogged ports with approximately 200,000 tonnes of the staple.
According to a release here from Kiran Kumar Pola, Director of Deccan Grainz India, a major rice exporter from Hyderabad, India exports non-basmati rice to other nations at a rate of 5 lakh metric tons each month.
It can be noted that the UAE serves as a regional hub for the re-export of Indian food grains into some other Gulf and North African nations.
Last week, rice prices in Vietnam's Mekong Delta region reached their highest level witnessed in ten years, owing to India's recent ban on the export of non-basmati white rice.
India is currently the world's top exporter of rice, making up over 40% of the global rice trade, and the world's second-largest producer of the grain after China.
Located in the southern part of Asia, India is the largest rice exporter in the world. The Asian nation exports different varieties of rice to 150+ countries around the world and commands a mammoth 40 per cent share in the global rice trade.
After India-the world’s largest rice exporter, banned non-basmati white rice exports in a surprise move on 20th of July, 2022, global rice importers started feeling anxious over the situation.
On 20th July, India, the largest rice exporter in the world, restricted the export of non-basmati white rice in an effort to “ensure adequate domestic availability at reasonable prices” and control rising domestic food prices.
India exported 22.3 million metric tonnes (MMT) of rice worth more than $11.1 billion in 2022–2023. In many ways, India's role in the world's rice trade is comparable to that of Indonesia and Malaysia in the palm oil trade.
To combat rising food grain prices, the Union government has banned the export of white rice (other than basmati) with immediate effect. Even though exporters are concerned about the ban, observers believe that Andhra Pradesh farmers will not be significantly impacted by the Centre's decision.
A world still reeling from the effects of the war in Ukraine is expected to be negatively impacted by warmer, drier weather brought on by an El Nino that arrived earlier than usual. This will affect global food security.
India is considering prohibiting the export of several rice varieties, which could drive up already rising global prices.
Located in Southeast Asia, Cambodia has immense potential to become a leading rice exporter. According to the Asian Development Bank (ADB), skies are wide open for the rice exporters of the nation; however, its outmoded rice value chain might act as a hurdle in this regard.
The largest global rice supplier, India, considers export restrictions on several varieties which could raise global prices of the commodity.
The cost of rice for export has significantly increased as a result of both the global decline in the supply of rice and the effects of the El Nino climate pattern.
India is the world's second-largest producer of sugar and a significant exporter. Sugar prices in north India increased slightly today as mills increased selling prices, according to dealers. Maharashtra's prices remained stable.
Located in Asia, India is the largest rice exporter in the world and the country ranks second, behind China in terms of rice production.
A day after food inflation spiked, India is considering banning the export of most rice varieties, as reported on Thursday.
Located in Asia, India is an agricultural powerhouse. Over the years, it has established itself as a reliable agro-supplier and different countries around the world depend upon the Asian nation for sourcing agro-commodities for their domestic consumption needs.
According to a newspaper, Vietnam is the world's third largest rice exporter, trailing only India and Thailand.
Rice is the primary staple for over 3 billion people around the world. From kheers to biryani, a wide range of cuisines are made out of it and hence the demand for rice remains strong all year round.
Rice farming has been practiced in Myanmar for a very long time, and the country is renowned for its superior rice quality. The nation is a significant global rice exporter as a result of its favorable climate and abundant agricultural land.
Located in Asia, India is the leading rice exporter in the world. More than 150 countries around the world depend upon India for their rice needs and African countries specially rely on India for their rice imports owing to affordable prices.
Following the depletion of the West Asian nation's rupee reserves in recent weeks, India faces the possibility of losing one of its largest markets for basmati rice exports, Iran, people familiar with the matter said on 28th June 2023.
Following requests from a select few nations to permit the shipments of the grains, India has decided to approve the export of wheat and broken rice, the Government announced in two separate notifications recently.
Thailand intends to export more than 8 million tonnes of rice this year, making it the second-largest rice exporter in the world.
The export of non-basmati white rice has been prohibited by India. Due to crop damage and production concerns brought on by the delayed monsoon rains, the government issued a notice on the 20th of July, ordering a halt to the export of non-basmati white rice.
Cambodia exported approximately 2,575 tonnes of rice to the Philippine market for the first time, Oknha Chan Sokheang, President of the Cambodian Rice Federation, confirmed this on the 26th of June.
According to its director general Ronnarong Phoolpipat, the Department of Foreign Trade is leading efforts to increase Thai jasmine rice sales in China and the Hong Kong Special Administrative Region (SAR).
Located in Asia, India is the leading rice exporter in the world. It commands a mammoth 40 per cent share in the global rice trade and different varieties of Indian rice enjoy strong global demand all year round.
In a significant development, fifteen additional rice facilities received approval for rice exports to Russia.
There’s a popular saying that goes like “problem for one; presents opportunities for another” and this appears to be true with Japan this year.
Currently, it is not practical to export rice from Myanmar to the Philippines because the cost of the commodity in Myanmar is higher than the cost internationally.
Rice is one of the most consumed agro-commodity around the world. Different cuisines can be made out of it and hence the demand for rice remains strong all-round the year.
Rice is one of the most consumed agro-commodity around the world. From biryanis to kheers, a wide range of cuisines can be made out of it and hence the global demand for rice remains high all-round the year.
In Tiruchi market, the price of rice has seen a sharp increase. While the cost of rice varieties grown primarily in Tamil Nadu’s delta region has moderately increased, those from Andhra Pradesh and Karnataka are now more costly.
Ranking behind India, Thailand is the second largest rice exporter in the world. It exports bulk rice every year and has earned its name as a reliable rice supplier in the global rice market.
Rice prices in Myanmar are continuing to rise in the aftermath of Cyclone Mocha, as people stockpile supplies, and rice exports are still permitted.
The global rice trade is facing significant changes as the Agriculture Ministry of the US recently lowered its forecast for the global rice trade for the years 2023 and 2024.
The Punjab government has announced a target of cultivating rice across 5 million acres of land this year, which is a significant move to increase rice production.
On Wednesday, the Union Cabinet Committee on Economic Affairs released updated minimum support prices (MSPs) for various kharif crops.
Cambodia is preparing its rice sector to enter the global market while keeping the national stock, farmers' welfare, and agricultural resources in check.
Rice has witnessed the highest growth in export value among the products of Vietnam's agricultural, forestry and fishery department.
A robust agricultural sector allows India, where rice is a staple food, to produce a significant amount of the grain for both domestic and international markets.
As a matter of fact, Thailand is the second largest rice exporter in the world. It ranks behind India is the global rice trade and the Asian nation has earned its name as one of the reliable rice suppliers in the global rice market.
Located in Asia, India is the leading rice exporter of the world. It commands a mammoth 40% share in the global rice trade and different varieties of Indian rice enjoy strong global demand worldwide.
India is the global leader in rice exports and commands around 40% of the global rice trade.
India is the largest rice exporter in the world, accounting for 40% of the global rice trade. The majority of Kharif crops are planted in the monsoon season (June and July) and harvested in the months of October and November.
Prices for Thai rice remained near a four-month high this week, aided by domestic demand, while traders in Asian hubs expressed concern about the emergence of the El Nino weather pattern and its hit to production this year.
Rice is one of the most exported commodity worldwide. From biryanis to kheers, a wide range of cuisines can be made out of it and hence the demand for rice remains strong all year round.444444
Located in Southeast Asia, the Philippines is one of the top 10 rice importers of the world. Last year itself, the country imported 3.7 million tonnes of rice and with that became the second largest rice importer worldwide.
Vietnam is the third largest rice exporter in the world, ranking behind India and Thailand in the global rice trade.
As a matter of fact, Vietnam is one of the leading rice exporters of the world. It ranks after India and Thailand it the global rice trade and the Asian nation witnesses strong demand for different varieties of Vietnamese rice, all year round.
Located in Asia, India is the largest rice exporter in the world. The Asian nation exports rice to over 150 countries around the world and such is the influence that India commands a mammoth 40% share in the total global rice trade.
India is regarded as the top hub and controls about 40% of the world's rice trade. India’s rice rates fell for a 3rd straight week due to sluggish demand.
India is the world's biggest exporter of rice, making up about 40% of the total trade.
Located in Asia, India is the largest rice exporter in the world. Different varieties of Indian rice enjoy great demand worldwide and riding on the back of strong global demand, the Asian nation exports rice to over 150 countries across the world.
Malagasy people remain resilient and are hesitant to speak about the dramatic rise in the price of market goods in Madagascar since the beginning of 2023.
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