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Basmati rice exporters in India are in negotiations with global buyers to secure prices above $1,200 per tonne for new orders. The exporters plan to adjust the prices against future orders once the temporary halt on basmati rice exports is lifted. The Indian government implemented the halt to prevent the illegal shipment of white non-basmati rice disguised as premium basmati rice. Exporters are resorting to overbilling to maintain their market share against competitors like Pakistan. Gulf nations are major buyers of Indian basmati rice.

Increased costs have put pressure on the rice sector.

Be inevitable. still to get your question for a country with such a massive fishing and seafood industry the reputational cost could be substantial. that is why despite those assurances japanese fishing groups have told the government they fear it could hurt them. japan is notjust it could hurt them. japan is not just a it could hurt them. japan is notjust a majorfish it could hurt them. japan is notjust a major fish and seafood market, it is a fishing powerhouse, last year it exported well over $2 billion worth of marine products, the backlash we are seeing cannot be written off, the governme...

The case because the backlash is coming from some of its major export markets, china is the biggest importer of japanese seafood, so that will definitely hurt. and that is on top of another ban by the number two market forjapanese number two market for japanese seafood number two market forjapanese seafood exports, that is hong kong, which along with neighbours has banned imports from several locations. the fishing industry will be negatively impacted by this. whether or not this is justified, thatis whether or not this is justified, that is the question here. the japanese government has said ...

Beef prices ‘not reflecting’ costs – IFA 2023-08-04