RICE
Veg thali gets dearer by 10% in June on onion, tomato price jump: Report
In June, the average cost of a vegetarian thali rose by 10% due to increased prices of onions, potatoes, and tomatoes, reaching Rs 29.4 per plate compared to Rs 26.7 a year ago and Rs 27.8 in May 2024, according to the Crisil Market Intelligence and Analysis report. The spike in vegetable prices included a 30% rise in tomatoes, 59% in potatoes, and 46% in onions, attributed to factors like reduced rabi acreage for onions and lower tomato arrivals due to virus infestation.
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.
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.
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.
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