-The Hindu Business Line The extended ban has affected the turnover of commodity exchanges * What are the agri commodities in which futures trading has been banned by SEBI? SEBI has banned futures trading in seven agri commodities, including the derivatives of two produce. The banned commodities are non-Basmati paddy, wheat, chana (Bengal gram), mustard seed and its derivatives, soyabean and its derivatives, crude palm oil and moong (green gram). * Why were they...
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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...
More »The ban on the export of broken rice -Saptaparno Ghosh
-The Hindu How is the ethanol blending programme connected to the rice export ban? The story so far: On September 9, the Centre instituted a ban on the export of broken rice. Additionally, it mandated an export duty of 20% on rice in husk (paddy or rough), husked (brown rice) and semi-milled or wholly-milled rice. The measures do not affect export of Basmati or parboiled rice. The Secretary at the Department of...
More »Why India banned export of broken rice & could more curbs be in the offing -Sayantan Bera
-ThePrint.in High exports driven by demand from China led to shortage in country, where broken rice is used to make ethanol & as cattle feed. Lower & delayed planting likely to hit production too. New Delhi: On 8 September, India, the world’s largest exporter of rice, announced export curbs to tame spiralling retail prices. The move was anticipated because lower and delayed planting, in the face of deficit rainfall, are estimated to...
More »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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