This week, rice export prices from Thailand fell to their lowest point in more than three years, impacted by a market oversupply and newly imposed U.S. tariffs by President Donald Trump. At the same time, India’s export prices approached a two-year low due to subdued global demand. Despite short-term challenges,...
India’s agricultural exports grew 13% year-on-year, reaching US$ 22.67 billion by February FY25, amid a 21% surge in rice exports after the removal of restrictions 12% increase in Meat, dairy, and poultry exports, while fresh produce and processed foods also saw steady growth. However, oilmeal exports declined 12.39% due to...
India’s rice exports surged by 85.7% year-on-year in October 2024, reversing earlier declines seen in FY24. This turnaround was driven by the removal of export bans and duties, alongside a record Kharif crop production estimate of 119.93 million tonnes (Jun-Nov, 2024). Indian exporters faced challenges in 2023 due to regulatory...
The FAO’s 2024 Food Outlook projects a 2.2% increase in the global food import bill, exceeding US$ 2 trillion, driven by rising prices for cocoa, coffee, tea, and higher costs for fruits and vegetables. Climate change and extreme weather events have exacerbated supply shortages, particularly for wheat, with major exporters...
Five WTO members—the US, Argentina, Australia, Canada, and Ukraine—have flagged concerns over India’s agricultural subsidies, specifically its Market Price Support (MPS) for rice and wheat. They claim that India has underreported its support levels, with rice subsidies exceeding 87% of production value in 2021-23 and wheat support ranging from 67-75%....
Hiten Bhimani, CEO, Shree Gajanan Industries explains how the success of the company is attributed to unfailing commitment to quality and constant innovation, like the first-of-its-kind technology in the non-Basmati segment in the country. The company is now catering to highly quality-conscious markets like the US, Australia, Japan and Europe...
India’s application to get GI tag on Basmati Rice in the EU market is on hold as Pakistan opposed the move with its own claim. While fiercely defending its turf on historical veracity, India must proactively address the pesticide issues that are impacting Basmati Rice exports and indirectly strengthening the...
 Capital Ventures is one of India’s leading food commodity trading companies and exports over 15,000 products to more than 70 countries across Asia-Pacific, North America and the Gulf. It aspires to become a global leader in exports of products like rice, bakery, oils & ghee, and organic products. Around five...
‘Rice-wise’ brothers, Vikas Garg and Anshul Garg trace the journey of Anvi Exim from a retail store in the small town of Sriganganagar, Rajasthan, to being a government recognized star-rated rice export house. The brothers have grand plans to steer the company to greater heights, envisaging rice trading canopies in...
Nathi Ram Gupta, President, AIREA, is confident of a new record in rice exports in the current financial year due to bans imposed by Thailand and Vietnam, higher production and higher buying by importing countries. But he also highlights that shipment costs, shortage of containers and NTBs are acting as...
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