The Indian authorities has eliminated the $950 a tonne minimal export worth (MEP) on basmati rice after coming beneath strain as a consequence of falling paddy costs. In accordance with senior authorities sources, the Commerce Ministry has despatched a communication to the Agricultural and Processed Meals Export Improvement Authority (Apeda) to register basmati exports with … Read more
Basmati rice exports are off to a superb begin within the present monetary 12 months, registering a 14 per cent progress in April, sustaining the sturdy progress momentum witnessed final fiscal. Basmati exports in worth phrases stood at $534 million throughout April towards over $470 million in the identical interval a 12 months in the … Read more
In a improvement that provides India the benefit to realize geographical indication (GI) tag for its basmati rice, the European Union (EU) has re-published Pakistan’s utility for such a tag for the aromatic rice underneath a brand new clause. The EU re-published Pakistan’s GI utility tag on April 30 underneath Article 49 (5) of regulation … Read more
Basmati exports have hit a brand new file each in quantity and worth throughout fiscal 2024. As per newest information, shipments throughout April-Feb crossed the $5.2 billion with volumes touching a brand new excessive exceeding 4.67 million tonnes. Whereas the exports for FY24 will create a brand new file after incorporating the figures for March, … Read more
Rice, the staple meals for greater than half of the world’s inhabitants, has witnessed a big shift in demand patterns, compelling nations to recalibrate their export methods. Understanding these shifts throughout completely different classes of rice consumption is pivotal in navigating the evolving panorama of worldwide commerce dynamics. Classes of consumption The worldwide consumption of … Read more