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Domestic Rice Prices "May Continue To Rise": Food Ministry

-PTI/ NDTV.com The ministry also said that the recent changes in India's rice export rules "have helped keep a check on domestic prices" without reducing the availability for exports. New Delhi: Domestic rice prices are showing an upward trend and it "may continue to increase" due to low kharif production forecast and 11 per cent jump in export of non-basmati rice, the food ministry said today. The statement was made in the fact...

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India imposes export curbs on rice as domestic prices rise & paddy area shrinks -Sayantan Bera

-ThePrint.in Twenty per cent export tax on several varieties of rice. 'Circumstances exist which render it necessary to take immediate action', says revenue dept notification. New Delhi: India, the world’s largest exporter of rice, Thursday imposed a 20 per cent export tax on several varieties of rice in a bid to tame domestic prices. According to a notification issued by the department of revenue, all export of paddy (unmilled rice), brown rice and...

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Paddy sowing over in 97% normal area till Sept 2, cloud over final output -Sanjeeb Mukherjee

-Business Standard For all the kharif crops, the Acreage, as on September 2, was around 106.92 mha - just 1.27% lower than last year The Acreage of paddy — the main foodgrain grown during the kharif season— continued to remain around 6 per cent lower than the Acreage during the same period last year. So far, around 97 per cent of the normal area has been covered. Normal area is the average...

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Food output may drop this year amid price rise concerns -Zia Haq

-Hindustan Times Planting of key kharif or summer-sown crops, which account for half of the country’s annual food output, was 1.5% lower on August 26 compared to last year, according to farm ministry data India’s food output is likely to fall after six straight record harvests, as extreme weather dented sowing of crops, such as rice and pulses, raising concerns about inflation and tight supplies, data from the farm ministry indicates. Planting of...

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Lower paddy Acreage: How will it affect India and the world? -Akash Podishetty

-Business Standard A victim of supply chain disruption is food. Even as the world looks towards India to fill the void created by the Russia-Ukraine war, a drop in paddy Acreage is threatening to make the matter worse Following Russia's invasion of Ukraine and amid challenges for global food supply, PM Narendra Modi declared that India was capable of "feeding the world". However, instead of feeding the world, the govt soon restricted...

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