Grm Overseas News Today : Breaking News, Live Updates & Top Stories | Vimarsana

​The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

The increase in consumption of essential commodities has been witnessed in not only the bigger urban regions but also tier-2 and tier-3 cities with up to 35% year-on-year increase in demand for basmati rice, edible oils, and maida.

GRM Foodkraft has a presence in online and offline retail as well as the D2C segment. It has over 52 Distribution Centres (DCs), serving more than 1,60,000 Kirana stores.

The India government's decision to reduce the Minimum Export Price (MEP) of basmati rice from $1,200 per tonne to $950 per tonne is expected to bring to exporters who were concerned about losing their global market share to Pakistan, a competitor in aromatic long-grain rice production. Indian rice exporters had temporarily halted purchases in multiple wholesale markets, affecting farmers who witnessed a price drop.

The government on Sunday said that it has decided not to allow exports of basmati rice below $1,200 per tonne to restrict possible “illegal” shipment of white non-basmati rice in the garb of premium basmati rice, IANS reported. In a statement, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below $1,200 per tonne.