India permits white rice exports to Singapore, Bhutan, Mauritius

India has allowed the export of non-basmati white rice to Bhutan, Mauritius, and Singapore. The Directorate General of Foreign Trade has allocated export quotas for these countries, with 79,000 metric tons to Bhutan, 50,000 tons to Singapore, and 14,000 tons to Mauritius.

India has allocated export quotas of non-basmati white rice to Bhutan, Mauritius, and Singapore. Bhutan will be allowed to export 79,000 metric tonnes, while Singapore and Mauritius will receive quotas of 50,000 tonnes and 14,000 tonnes, respectively.

Commerce and industry minister Piyush Goyal highlighted the challenges faced by the Indian economy, including geopolitical tensions, inflation concerns, and slowing growth. He emphasized the need for focusing on the value, volume, and quality of exports. Goyal stated that India aims to unlock new markets through free trade agreements, collaborations with other countries, and investments […]

External Affairs Ministry spokesperson Arindam Bagchi said formal orders allowing export of rice to Singapore will be issued shortly. “India and Singapore enjoy a very close strategic partnership, characterised by shared interests, close economic ties and strong people to people connect,” he said.

Traders of basmati rice are concerned that the enforcement of a minimum export price (MEP) of $1,200/tonne by the Indian government will lead to a decline in sales overseas. The All-India Rice Exporters’ Association (AIREA) has stated that this MEP will act as a deterrent to exports. More than 80% of basmati rice exported was […]

India’s decision to impose a 20% duty on exports of parboiled rice has led buyers and sellers to delay shipments to avoid paying the tax. This could lead to depleted inventories and higher local prices in importing countries such as Benin, Ghana, Cote d’Ivoire, and Liberia. Indian exporters have also raised their prices to a […]

Oleg Deripaska, the founder of Rusal, one of the world’s largest aluminum firms, predicts that India will become one of Russia’s top three trading partners in the coming years. He expects that India-Russia trade, which has already increased significantly in the past 1.5 years, will reach $100-125 billion over the next three years. Deripaska also […]

In a regulatory filing, the company asserted that the price limit does not have any “impact on the exports for LT Foods Ltd as the company mostly export premium and aged rice in our own trusted brands i.e. DAAWAT and Royal, the export price of which is mostly over and above the said minimum export […]

Exporters and government officials in India are divided on the correct market price of food grains and onions, on which customs duty is calculated. The lack of a proper system to calculate the tax has led to under-invoicing by some traders to avoid customs duty and the illegal shipment of banned commodities. In response, the […]

Over the past few days, India imposed a minimum price on shipments of basmati rice and put an export tax on the parboiled variety. The government of Prime Minister Narendra Modi has stepped up measures to tackle rising food prices ahead of an election early next year.