Page 3 - Export Curbs News Today

Rice export rates in Vietnam and Thailand have declined while Indias restrictions on parboiled rice exports have halted activity. Indias 5% broken rice remained at a static rate of $525-$535 per metric ton, near a record high. Vietnams 5% broken rice was offered at $610-$620 per metric ton, a decrease from the previous week. Thailands 5% broken rice prices dropped to $605 per metric ton due to a depreciating baht. Domestic rice prices in Bangladesh remained high despite good yield and record res...

In India, only 2%-3% of the total basmati grown is consumed within the country. Hence, basmati is primarily grown for export.

Over the past few days, India imposed a minimum price on shipments of basmati rice and put an export tax on the parboiled variety. The government of Prime Minister Narendra Modi has stepped up measures to tackle rising food prices ahead of an election early next year.

Rice Exports: Over the past few days, India imposed a minimum price on shipments of basmati rice and put an export tax on the parboiled variety. The government of Prime Minister Narendra Modi has stepped up measures to tackle rising food prices ahead of an election early next year.

As things stand, India has now curbed exports of all non-basmati varieties, which account for about 80% of its total rice shipments. The country accounts for about 40% of global rice trade

ITC has posted a 17.6% year-on-year jump in its net profit for the quarter ended June at ₹4,902.7 crore even as its board approved allotment of one share of its soon-to-be demerged hotel business for every 10 shares held in the company.

China may use the chips to hone its artificial intelligence systems and upgrade its armed forces.

The U.S. treasury secretary also raised the matter of punitive actions against foreign businesses operating in China. We round up insights into the issues at stake.

China's commerce ministry on Thursday said recent curbs on essential chip-making metals were not aimed at any specific country and that they did not represent a "ban on exports"."The Chinese government is not targeting any particular country in implementing these export controls," commerce ministry spokeswoman Shu Jueting said at a press briefing on Thursday.

Chinas export controls on metals used in semiconductors are "just a start", an influential Chinese trade policy adviser said on Wednesday, as Beijing ramps up a tech fight with Washington days before a visit from U.S. Treasury Secretary Janet Yellen.