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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 ....

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Rice prices India: Rice prices fall as rabi crop starts arriving in market

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. ....

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Meet billionaire brothers, who migrated to India from Pakistan during partition, and founded a company worth Rs 9398 crore

India is home to many billionaires, including Mukesh Ambani, Ratan Tata, Cyrus Poonawalla, and Gautam Adani, among others ....

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Red Sea attacks send shockwaves through Indian exim business; container costs up 400%; freight rates soar

Container costs have surged, routes have been diverted around Africa, and there is growing uncertainty. Exporters are struggling with competitiveness loss and logistical nightmares, while importers face rising costs and potential inflationary pressures. ....

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Basmati prices cool at home as a restive Red Sea hurts exports

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. ....

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