-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...

-ThePrint.in 2022 is emerging to be unique for Indian agriculture. Both the staple crops of rice and wheat appear to be suffering production losses. The World Bank’s food security update of August 2022 flagged how global concerns over the likelihood of a Rice export ban by India are rising. It noted that “exporters, concerned that export restrictions will be introduced (as has been done for wheat), are moving quickly to open letters...

-Moneycontrol.com The world's biggest Rice exporter could see lower production as sowing has been 6 percent lower than the previous season India, the world’s largest Rice exporter, could ban exports amid sub-par sowing this season, Nomura said on August 30. “Will India ban Rice exports? We think the risk is non-negligible,” Sonal Varma, Nomura's chief economist for India and Asia (excluding Japan), said in a note. “Following the Russia-Ukraine war, soaring maize prices prompted...

-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...

-Livemint.com An uneven distribution of rainfall has left several key rice-producing states parched even as others had to battle excess water The patchy progress of the southwest monsoon this year has cast a long shadow on India’s kharif crop produce, particularly of rice, which is an important constituent of the government’s food distribution programmes. The threat comes right after wheat production in the rabi season took a hit from heatwaves and at...