Bangladesh's recent cut in import duty of non-basmati rice has pushed up prices of the grain in India's domestic markets by ten percent in the last five days, and is causing a rush among Indian exporters to go for deals with the neighbouring country.
Export demand pushes non-basmati rice price by 10% indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
After Africa and China, Bangladesh looks to buy non-basmati rice
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India saw a surge in farm exports in FY21, a pandemic year. The surge was driven by record-high sales of rice-13.9 million tonnes of non-basmati and 4.6 million tonnes of basmati - and sales of 2.08 mt of wheat, a six-year high.
Bangladesh has floated a tender to buy 50,000 tonnes of non-basmati rice from India, adding to the growing overseas demand for the commodity and raising hopes that this fiscal will be good for Indian rice exporters. The move augurs well for the country s non-basmati rice trade, Vinod Kaul, executive director of All India Rice Exporters Association (AIREA), told ET, adding that Bangladesh is likely to buy the 50,000 tonnes of rice through the National Agricultural Cooperative Marketing Federation of India (Nafed).
चावल की कीमतें: गैर-बासमती चावल के दाम 15% तक बढ़े, आलू की कीमतें 65% गिरीं indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Strong demand makes Gobindobhog pricey in Bengal
December 13, 2020
The average price of Gobindobhog paddy at the farmers’ end firmed up by nearly 10-12 per cent to ₹3,500 a quintal
The average price of Gobindobhog paddy at the farmers’ end firmed up by nearly 10-12 per cent to ₹3,500 a quintal×
Output to rise by 7% this year as many farmers have cultivated this variety Bengal’s premium variety of aromatic rice – Gobindobhog – has been witnessing a steady rise in prices backed by a firm demand from both domestic and international markets particularly Dubai and West Asia.
Production has also been steadily increasing as farmers are earning better returns on cultivation of this variety as compared to the common paddy (Swarna).