RICE
Onigiri: The Japanese snack taking the world by storm
Onigiri, also known as omusubi or nigirimeshi, is a rice ball filled with either meat or vegetables and wrapped with a layer of seaweed. Meticulously made and incredibly tasty, onigiri has been a staple dish in Japanese cuisine for many, many years now. Its simple ingredients and traditional preparation make it a beloved comfort food in Japan.
How Pakiza became a go-to eatery for biryani & curry lovers of Panjim
Pakiza, which seems to be run by multiple generations of women, is worth finding. It has been supplying simple, delicious food to Panjim residents for ages, and appears to find no reason to change, despite the tourist invasion. As a result, its menu is a snapshot of a stage of development that the more ambitious places have left behind.
Interview With the Vampire Season 3: Here’s all about renewal, release date, production, cast and characters
AMC Networks has renewed 'Anne Rice's Interview With the Vampire' for Season 3. The show, praised for its adaptation and character portrayal, continues to captivate audiences globally.
As FCI buffer swells, exporters demand lifting of curbs on rice
The retail and wholesale inflation in rice has been in double digits since last year. India, the largest exporter of rice, banned export of broken rice in August 2022 to ensure adequate local supplies. This was followed by a ban on export of non-basmati white rice in July 2023, imposition of a 20% export duty on parboiled rice in August 2023 and restrictions on basmati rice by imposing a minimum export price.
GRM Overseas board okays fundraise of Rs 136.5 crore
The funds raised will also expand India's “10X” brand, making it a comprehensive food FMCG product company. The funds will also be allocated to explore future inorganic growth opportunities, including strategic mergers and acquisitions, and improve operational capabilities. These activities may be undertaken directly by the Company or through its subsidiaries or joint ventures.
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Govt permits 2,000 tonnes non-basmati white rice exports to Malawi, Zimbabwe
The Indian government has approved the export of 2,000 tonnes of non-basmati white rice to Malawi and Zimbabwe through the National Cooperative Exports Limited, despite a ban on such exports since July 2023 to boost domestic supply. The move aims to meet the food security needs of the two African nations.
Don’t extend ban on de-oiled rice bran beyond July, says SEA
The Government prohibited export of De-oiled Ricebran on July 28, of last year attributing it to the high fodder prices as De-oiled Ricebran is a major component. The ban, which was initially till March 31, 2024, was later extended up to July 31, 2024.
South Korean scientists are now making 'rice with beef cells' to revolutionise how the world eats
South Korean scientists are creating "meaty rice," a novel, protein-infused rice variety, using cultured beef cells to offer an ethical protein source. This innovative rice has a pink hue, contains more protein and fat, and aims to reduce the carbon footprint of protein production.
High shipping costs dent Vietnam's rice rates; Indian, Thai variants steady
Rice export prices from Vietnam dipped slightly due to rising shipping costs. Philippines' tariff cut on rice will boost Vietnamese shipments. India's parboiled rice prices remained unchanged.
Veg thali gets dearer by 9 pc in May on onion, tomato price jump: Crisil
The average cost of a vegetarian thali increased by 9% in May due to rising onion, tomato, and potato prices, as per a report on Thursday.
Total foodgrain products in 2023-24 lower than 2022-23: Third Advance Estimate
The total foodgrain production in India is estimated at 3,288.52 lakh tonne in 2023-24, which is lower than 3,296.87 lakh tonnes of foodgrain production of 2022-23, according to the third advance estimates of production released by agriculture ministry on Tuesday.
Will BJP win? This market awaits June 4 results for potential shakeups in India's trade policies & global food prices
India's agricultural markets are under scrutiny as a new government prepares to take office, potentially impacting global food prices. Prime Minister Modi's policies aimed at ensuring domestic supplies have influenced key crop exports. Changes post-election could affect rice, wheat, and sugar markets, with industry leaders seeking policy shifts to address supply and demand challenges.
Basmati rice export prices plummet below government MEP, global buyers stay away
Export price of basmati rice falls below government-fixed minimum export price, impacting global buyers and domestic prices. Concerns arise over MEP changes, basmati trade competitiveness, and price pressure. Monsoon and La Niña forecasts influence basmati production, while India's rainfall patterns and consumption trends play significant roles.
Wheat procurement crosses last year's figure, comfortable to meet demand: Food ministry
Wheat procurement for the 2024-25 Rabi marketing season progresses smoothly, surpassing last year's total with 262.48 lakh tonnes acquired, benefiting 22.31 lakh farmers. Major states contributing include Punjab, Haryana, and Madhya Pradesh. Rice procurement from the previous Kharif season also proceeds well, ensuring ample stock for welfare programs. Monsoon forecasts remain pivotal for agricultural planning.
India's export restrictions propel global rice prices: Asian exporters brace for Indonesia tender surge
According to S&P Global Commodity Insights, India, the world's largest rice exporter, implemented export restrictions, including banning broken rice exports and imposing additional duties on non-basmati white rice outflows in August 2022.
High temperatures help improve paddy quality
However, the heatwave has posed challenges for the production of rice-bran oil, with manufacturers facing a shortage of labor. Rice-bran oil is extracted from the hard outer brown layer of rice, known as bran, within 24 hours of paddy harvesting. The reduced acreage under rabi paddy this year, as reported by the Ministry of Agriculture and Farmers’ Welfare, has not hindered the estimated production of 123.57 lakh metric tonnes of rabi rice.
India uses peace clause fifth time, for rice subsidies given in 2022
India invoked the peace clause for exceeding the 10% support ceiling for rice farmers, breaching WTO subsidy ceilings with $52.8B rice production and $6.39B subsidies, surpassing the 10% de minimis limit.
SC upholds NAFED tender for export of 35,000 tonne non-basmati white rice
Supreme Court approves NAFED's 35,000-tonne rice export to Cote D'Ivoire, dismissing the Rice Exporters Association of India's appeal. Delhi High Court had earlier supported NAFED's tender. No conflict of interest found by the Supreme Court.
No proposal to resume sale of subsidised rice for ethanol production: Food secretary
Government remains firm on not resuming subsidised rice sale for ethanol. Chopra encourages maize ethanol production and highlights the impact on distillery investments. Increased sugarcane FRP aims to boost cultivation for the upcoming season.
No proposal to resume sale of subsidised rice for ethanol production: Food Secy
The rice sale for ethanol makers was discontinued for various reasons, including apprehensions about domestic output and high retail prices, and economic unviability, he said. On the impact on investments on grain-based distilleries, Chopra said, "This is not a policy which is cast in stone. This policy will be renewed... Maize is being encouraged for ethanol production."
Govt waives duty on export of 1,000 tonnes of kalanamak rice
The government lifted duty on Kalanamak rice, facilitating up to 1,000 tonnes exports via specified customs stations. This waiver, effective immediately, was previously taxed at 20% on overseas shipments. The Finance Ministry's notification outlined the authorized customs points.
Non-basmati rice prices down 10% in a month
Bharat rice is being sold in 5 kg and 10 kg packs, at a price of Rs 29 per kg, through the National Agricultural Cooperative Marketing Federation of India Ltd, the National Cooperative Consumers' Federation of India and retail chain Kendriya Bhandar. It is also available in certain pockets of the country on Reliance group’s JioMart platform and will shortly be sold through e-commerce platforms such as Amazon and Flipkart.
Wheat stock with Food Corporation of India falls below 100 lakh tonnes for the first time since 2018
The Food Corporation of India (FCI) has reported a decrease in wheat stocks, falling below 100 lakh tonnes for the first time since 2018. However, rice stocks held by FCI currently exceed four times the buffer norm. Despite the drop in wheat stocks, the current level remains above the statutory buffer stock requirement. FCI anticipates a notable improvement in wheat procurement this year.
India's rice output to drop for the first time in 8 years, government says
Rice production in the world's largest exporter is being carefully watched after New Delhi banned exports of non-basmati white rice in July, sending global prices surging.
NITI Aayog working group suggests government re-visit rice and wheat procurement policy at MSP
The 23-member working group on crop husbandry, agriculture inputs, demand and supply, set up by the Aayog in 2022 under PS Birthal, director, ICAR-NIAP, is of the view that the open-ended procurement of rice and wheat at minimum support prices acts as a disincentive for diversification towards high-value and riskier crops.
Govt hopes to sell 15 lakh tons each of 'Bharat' rice, atta in next 4-5 months
The government hopes to sell 15 lakh tonnes each of FCI rice and wheat flour (atta) under the 'Bharat' brand in the next 4-5 months, Food Secretary Sanjeev Chopra said on Thursday. The government is retailing Bharat atta and rice through three agencies -- National Agricultural Cooperative Marketing Federation of India Ltd (Nafed), National Cooperative Consumers' Federation of India Ltd (NCCF) and Kendriya Bhandar.
Govt extends 20% export tax on parboiled rice until further order
The Indian government has decided to extend the 20% export tax on parboiled rice beyond March 31, aiming to ensure sufficient local stock and stabilize domestic prices. This measure, initially imposed in August last year and later extended until March 31, 2024, will now continue indefinitely. Additionally, the duty-free import of yellow peas has also been prolonged, provided that the bill of landing is issued on or before April 30, 2024.
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