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Business News: Latin America opens doors to Indian basmati rice for first time ever

Latin America opens doors to Indian basmati rice for first time ever : Rashtra News A new front has been opened for the export of basmati rice as Latin America (LatAM) has opened doors to Indian basmati rice for the first time. The LatAm countries have sent import enquiries to Indian basmati exporters who said

Basmati exporters to Iran insist on LC due to non-payment of Rs 700cr dues

Basmati exporters to Iran insist on LC due to non-payment of Rs 700cr dues
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Modi s Trade Curbs Are Illogical, Unless There s a Political Reason Behind Them

Covid fallout: Basmati orders dwindle over rising freight rates

Covid fallout: Basmati orders dwindle over rising freight rates SECTIONS Share Synopsis “Hardly any new orders are coming from the overseas markets. Unless the Covid situation improves in the country, we do not see good movement of basmati rice to the global markets,” Nathi Ram Gupta, president of All India Rice Exporters’ Association (AIREA), told ET. In FY21, India had exported 13.08 million tonnes of non-basmati rice compared with 5.05 million tonnes in FY20. As Covid-19 infections surge in the country, basmati exporters say orders are dwindling over rising freight rates and concerns that the virus may spread through consignments. “Hardly any new orders are coming from the overseas markets. Unless the Covid situation improves in the country, we do not see good movement of basmati rice to the global markets,” Nathi Ram Gupta, president of All India Rice Exporters’ Association (AIREA), told ET.

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