Saturday, November 9, 2024

MEP

Indian basmati industry’s sales to grow 4% to reach record INR 70,000 Cr in FY25

Industry
India's basmati industry is expected to achieve year-on-year revenue growth of 4 per cent this fiscal year, reaching͏͏ a͏͏ record͏͏ high͏͏ of͏͏ nearly͏͏ INR͏͏ 70,000͏͏ crore,͏͏ according͏͏ to͏͏ a͏͏ report. Decline͏͏ from͏͏ Previous͏͏ Growth͏͏ Rates: The͏͏ industry͏͏ is͏͏...

Govt scraps minimum export price thresholds on onion and basmati rice

Industry
The government has removed the minimum price thresholds for onions and basmati rice to boost exports and enhance farmers' incomes. It has also reduced the export duty on onions from 40% to 20%, effective from September...

Basmati rice export prices fall below govt minimum, global buyers remain cautious

News
The export price of basmati rice has dropped significantly below the govt's established minimum export price of $950 per tonne, to a range of...

Onion prices plunge by 50% following govt ban on exports

News
Following the government's decision to prohibit onion exports on December 7, wholesale markets have witnessed a significant 50% decline in onion prices. Traders anticipate...

Relief for consumers: Onion prices to fall below INR 40 per kg by January

News
On Monday, Consumer Affairs Secretary Rohit Kumar Singh announced that the government anticipates a drop in onion prices to go below INR 40 per...

Govt grants extension for onion exports until November 30, clarifies criteria for eligibility

News
On Thursday, the government provided clarification that onion shipments, which have been submitted to customs authorities and recorded in their systems prior to October...

India resumes basmati rice exports with 500,000 metric tons deal amidst price adjustments

News
India inked deals to export approximately 500,000 metric tons of freshly harvested basmati rice, capitalizing on strong demand from leading purchasers in Europe and...

Govt slashes minimum export price of Basmati Rice by $250 per tonne

News
On Thursday, the Central government decided to lower the minimum export price for basmati rice from $1,200 per tonne to $950 per tonne due...

Basmati exporters hit pause on purchases to protest government pricing curbs

News
Rice exporters and millers dealing in Basmati rice from Haryana, Punjab, and western Uttar Pradesh have halted their purchases from 300 wholesale markets across...

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