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
EU food recall linked to GM rice exports from India : Rashtra News #food #recall #linked #rice #exports #India No GM rice grown in India,says Govt; farmers flag threat to trade from crop trial contamination When candy giant Mars Wrigley carried out a mass recall of several batches of its Crispy M&Ms across Europe this
India's basmati rice exports hit 4-year low as Iran trims buying : Rashtra News #Indias #basmati #rice #exports #hit #4year #Iran #trims #buying India's basmati rice exports plunged a fifth from a year ago to the lowest level in four years in 2021 as top buyer Iran slashed purchases after its rupee reserves dwindled, government
In Kolkata, rice prices have dropped by up to 10% in the past month, attributed to increased market supplies and government measures. Non-basmati rice is 7% cheaper, while basmati prices have fallen by 10%. The arrival of the rabi crop from Telangana, Odisha, and Tamil Nadu has contributed to the decline.
Leading shipping lines decision to avoid the Suez Canal route amid Houthi attacks has also impacted sunflower oil imports from Russia and Ukraine. Sunflower oil prices in the local market are likely to go up by 3-4% as international prices have increased by $30 per tonne in the last one week to $940 per tonne, trade insiders said. Basmati exporters said the export market has become sluggish and the shipping cost to places like Jeddah, Yemen, Beirut, and Durban have shot up multiple times in some cases.