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Lower rupee drags Indian rates to $379-$383/tonne India raises local rice purchase price amid farmer protests Vietnam's 5% broken rice prices ease to $480-$485 a tonne Bangladesh aims to procure 1.8 million tonnes in current seasonBy Arpan VargheseJune 10 (Reuters) - Export prices of rice from Thailand rose this week due to high shipping costs, which also discouraged ....
India has raised the price at which it will buy new-season common rice varieties from local farmers by 3.9per cent, the agriculture minister said, . ....
6/9/2021 Govt may be forced to buy more rice from farmers Soybean purchase price hiked by 1.8% to 3,950/100 kg (Adds details, traders comment) By Rajendra Jadhav MUMBAI, June 9 (Reuters) - India has raised the price at which it will buy new-season common rice varieties from local farmers by 3.9%, the agriculture minister said, as New Delhi tries to please farmers that have been protesting over three new agricultural laws. The hike could encourage farmers to expand the area under the grain and will force the government to buy more rice from local growers, bumping up supplies and putting pressure on the government s stretched budget. ....
Centre hikes local rise purchase price by 3.9% amid farmer protests The hike could encourage farmers to expand the area under the grain and will force the government to buy more rice from local growers, bumping up supplies and putting pressure on the government s stretched budget Reuters | June 9, 2021 | Updated 20:24 IST For common grades of paddy rice, the government has fixed the support price at 1,940 rupees ($26.59) per 100 kg India has raised the price at which it will buy new-season common rice varieties from local farmers by 3.9%, the agriculture minister said, as New Delhi tries to please farmers that have been protesting over three new agricultural laws. ....
India set to export rice to the Philippines after reduction of import duty to 35% SECTIONS Share Synopsis In 2020-21, India’s rice exports almost doubled to an all-time high of 17.7 metric tonnes from 9.5 metric tonne in the previous financial year. There was an almost 4% increase in basmati exports to 4.45 metric tonnes and a 160% surge in non-basmati rice exports to 13.09 metric tonnes, according to data with Agricultural and Processed Food Products Export Development Authority. Agencies The annual rice import in the Philippines is estimated to be about 2.5 million tonnes India’s rice exporters are gearing up to ship the grain to the Philippines from next month as the Southeast Asian nation has reduced the import duty on rice being shipped from India to 35% from 50%. Philippines is the second-largest importer of the commodity in the world. ....