HO CHI MINH CITY (Vietnam News/Asia News Network): With India’s recent rice export restrictions, Vietnamese exporters expect to increase shipments and hike prices, industry insiders have said.
The state government has banned the sale, stock, distribution and use of 10 insecticides for 60 days. These insecticides are mostly used for basmati paddy. The “residual effect” of these insecticides sometimes leads to the rejection of export consignments of basmati rice.
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 and industry officials said. The country's basmati rice exports in 2021 fell 20 per cent from a year ago to 4 million tonnes, the lowest since 2017, according to government data. Shipments to
Shipments to Iran, the biggest buyer of India s basmati rice, plunged 26% from a year ago to 834,458 tonnes, the data showed, , rice exports, basmati rice, iran