Rice procurement by Meals Company of India (FCI) reached 45.44 million tonnes (mt) as of March 31 after the 2023-24 kharif advertising season started on October 1. That is 7.3 per cent decrease from 49.01 mt procured a yr in the past. Nonetheless, rice procurement in Chhattisgarh, which ended on February 4, was 8.3 mt … Read more
The sowing of summer time crops (excluding coarse cereals), which can finish by Could, reached 43.81 lakh hectares (lh) as on Friday, which is 11 per cent greater than 39.49 lh reported within the year-ago interval because the zaid season is progressing properly regardless of low reservoirs stage in lots of States. Additionally learn:Telangana to … Read more
In keeping with the most recent crop estimates launched by the Ministry of Agriculture and Farmers’ Welfare, West Bengal, which was once the highest rice-producing State, has slipped to fourth place within the 2023-24 crop yr (July-June). Nevertheless, even when the inclusion of output from the zaid (summer season) crop in subsequent estimates might enhance … Read more
The Indian authorities on Thursday estimated document output of its wheat, mustard crops however has estimated a drop in its rice manufacturing, a transparent indication of the El Nino affect on kharif and rabi crops. The Ministry of Agriculture and Farmers’ Welfare, in its second advance estimates for main crops for the 2023-24 season (July-June), … Read more
Rice, a necessary staple for billions worldwide, is present process important market shifts, prompting exporting nations to reassess their methods for profitable commerce within the world rice markets. Additionally learn: Authorities extends 20% export responsibility on parboiled rice, zero-duty import for yellow peas Understanding the shifting dynamics The worldwide rice market is a mosaic of … Read more
Meals and Shopper Affairs Minister Piyush Goyal on Tuesday flagged off 100 cell vans in Delhi that can promote the Authorities’s subsidised ‘”Bharat rice” to be offered at ₹29/kg in 5 kg and 10 kg packs. He stated it will likely be out there in 18,000 shops, together with e-commerce platforms, throughout the nation within … Read more
The Agriculture Ministry has notified grading and advertising guidelines for 5 premium non-Basmati rice styles of West Bengal — Gobindabhog, Tulaipanji, Kataribhog, Kalonunia and Radhunipagal. Below this, the authorised packers need to both arrange their very own laboratory or use an authorized laboratory for testing the standard of rice, which will probably be for the … Read more
The Centre has been making concerted efforts to manage the sharp rise in costs of rice over the previous few months and has even warned merchants that it may resort to actions reminiscent of imposing inventory limits and even banning exports. However the efforts have been in useless. Commerce and trade sources, chatting with businessline on the … Read more
The Authorities is reportedly contemplating a couple of measures to examine rice costs, together with inventory restrict and retail gross sales at discounted charges., The Reserve Financial institution of India has flagged the problem as a priority. The Centre is mulling these measures following poor offtake of the grain within the weekly public sale on … Read more
Rice costs within the world market have elevated 7-8 per cent up to now month ensuing within the charges hovering to a 15-year excessive on larger demand and low arrivals because of the season’s finish, merchants and exporters have mentioned. “One purpose for costs to rise is that it’s the finish of the season. Although … Read more