Monsoon boosts top rice exporter India’s prospects

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Strong monsoon rains have buoyed top rice exporter India’s prospects amid competitive prices and expectations of a record summer crop,  a top trade official told indoasianommodities.com. Exports of premium basmati rice have notched an 11% growth between April and June. Though data is not yet available for July and August, indications are that the trend […]

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Increase in non-basmati rice prices in Vietnam and Thailand presents opportunity for Indian rice exporters

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Indian exporters of non-basmati rice have seen a surge in orders after the price of the grain increased in Vietnam and Thailand. Indian rice is now cheaper than the Southeast Asian varieties by almost $100 per tonne, the Economic Times reports. “Export demand for non-basmati rice remains robust due to price rise in Vietnam and […]

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Global 2020/21 rice supplies seen smaller, consumption lower and stocks reduced – USDA

The 2020/21 global outlook is for smaller supplies, lower consumption and trade, and reduced stocks, the U.S. Agriculture Department said in its latest world supply and demand estimates report. Rice supplies were lowered 2.6 million tons to 681.7 million, primarily on reduced production forecasts for China, Thailand, and Vietnam, it said, adding that China’s production […]

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Jewellery manufacturers hit by new challenge of inadequate manpower to execute adequate export orders

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The gems and jewellery industry, which is witnessing an increase in export orders, is facing challenging times due to lack of skilled manpower as workers are either unable to come back due to transportation restrictions or reluctant to leave their families in times of crisis, the Gem & Jewellery Export Promotion Council (GJEPC) said. Demand […]

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World’s top rice exporter India expects shipments to be unchanged this fiscal despite port problems

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World’s leading rice supplier India expects exports to remain unchanged this fiscal from last year, notwithstanding a port congestion following a covid-induced lockdown. “In April and May, vessels were not available. But the impact of the pandemic on logistics is subsiding and exports have started picking up,” Vinod Kaul, executive director of All India Rice Exporters […]

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Container woes at Kakinada port disrupts Indian rice exports; Thailand, Vietnam find opportunity

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India’s rice exporters are struggling to fulfil orders due to limited availability of containers. Irregular attendance of workers at the rice mills has further disrupted operations at Kakinada, the biggest handling port on the east coast, reports Reuters. Slowing shipments from the world’s biggest rice exporter could allow rivals like Thailand and Vietnam to raise […]

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Maharashtra sugar production estimates revised to 60 lakh tonnes this season

Maharashtra’s sugar production estimates have been revised to 60 lakh tonnes from 58 lakh tonnes by the state sugar Commissionerate with increase in sugar recovery rates reported by several mills in Kolhapur region, reports Financial Express. Significantly, sugar mills from Kolhapur and Sangli, which were affected by the floods during the monsoons, have reported 10 […]

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Oilmeal exports drop 74% in February 2020 on better price realisation

The export of oilmeals during February is provisionally reported at 76,017 tonnes compared to 294,510 tonnes in February last year— down by 74 per cent, according to the Solvent Extractors’ Association of India (SEA). The overall export of oilmeals during April 2019 to February 2020 is reported at 2,200,690 tonnes compared to 2,941,971 tonnes in […]

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