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Category: Business

Business

Explained | The ban on the export of broken rice

Posted on September 18, 2022 By admin
Explained | The ban on the export of broken rice

The story so far: On September 9, the Centre instituted a ban on the export of broken rice. Additionally, it mandated an export duty of 20% on rice in husk (paddy or rough), husked (brown rice) and semi-milled or wholly-milled rice. The measures do not affect export of basmati or parboiled rice. The Secretary at…

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Business

Lower Kharif sowing calls for deft management of foodgrain stock, prices: Finance Ministry report

Posted on September 17, 2022 By admin
Lower Kharif sowing calls for deft management of foodgrain stock, prices: Finance Ministry report

Representational image. | Photo Credit: Kommuri Srinivas A Finance Ministry report on September 17 underlined the need for deft management of stocks of agriculture commodities in view of lower crop-sowing for the Kharif Season, stressing there should be no room for complacency on the inflation front. Overall, inflationary pressures in India appear to be on…

Read More “Lower Kharif sowing calls for deft management of foodgrain stock, prices: Finance Ministry report” »

Business

India set to allow 5 mn tonnes of sugar exports in first tranche

Posted on September 14, 2022 By admin
India set to allow 5 mn tonnes of sugar exports in first tranche

India’s domestic sugar consumption is estimated at around 27.5 million tonnes India is poised to allow 5 million tonnes of sugar exports in the first tranche for the new marketing year beginning October, two government sources said on Wednesday. “The permission to export 5 million tonnes of sugar is expected in the coming weeks and…

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Business

India’s rice exports set to fall 25% as levy make shipments expensive

Posted on September 14, 2022 By admin
India’s rice exports set to fall 25% as levy make shipments expensive

India’s rice exports could fall 16.2 mn tonne from 21.2 million tone India’s rice exports could fall by around a quarter this year as New Delhi’s restrictions force buyers to switch to rival suppliers which are offering the grain at a cheaper price, trade and industry officials said. Late last week, the world’s biggest exporter…

Read More “India’s rice exports set to fall 25% as levy make shipments expensive” »

Business

India imposes 20% export duty on non-Basmati rice

Posted on September 8, 2022 By admin
India imposes 20% export duty on non-Basmati rice

According to a notification by the Revenue Department, an export duty of 20% has been imposed on ‘rice in husk (paddy or rough)‘ and ‘husked (brown) rice’. | Photo Credit: Sandeep Saxena The Centre on Thursday imposed an export duty of 20% on rice, brown rice, and semi-milled as well as wholly milled rice except…

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Business

Paddy cultivation sees decline – The Hindu

Posted on September 2, 2022 By admin
Paddy cultivation sees decline – The Hindu

As of now, paddy has been cultivated in 383.99 lakh hectares of area and in the corresponding period of 2021 it was 406.89 lakh hectares. File  | Photo Credit: The Hindu The trend of decrease in paddy sowing has continued even as the monsoon season in northern India is in its last legs. According to…

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Business

Fertilizer scarcity may hamper crop cycle, cautions scientist

Posted on September 2, 2022 By admin
Fertilizer scarcity may hamper crop cycle, cautions scientist

South Asian countries may see fertilizers scarcity in the next crop cycle as a result of the conflict situation in Ukraine and Russia, cautioned Bram Govaerts, Director General of International Maize and Wheat Improvement Centre (CIMMYT) and the Borlaug Institute for South Asia (BISA). Dr. Govaerts, who is here to address a two-day high-level conference…

Read More “Fertilizer scarcity may hamper crop cycle, cautions scientist” »

Business

India limits wheat flour export to curb price rise

Posted on August 25, 2022 By admin
India limits wheat flour export to curb price rise

A worker arranges sacks of wheat flour inside a factory in Siliguri. | Photo Credit: Reuters The Central government has decided to restrict the export of wheat flour in order to curb the rising prices of the commodity and ensure food security of the most vulnerable sections of the society. The decision was taken by…

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Business

Centre projects record production of rice

Posted on August 17, 2022 By admin
Centre projects record production of rice

While the estimate of foodgrains production is 315.72 million tonnes, the production of rice is expected at 130.29 million tonnes. File | Photo Credit: The Hindu The Union Agriculture Ministry released on August 17 the fourth advance estimates of production of major agricultural crops for 2021-22. The Ministry said the production of foodgrains in the…

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Business

When Kashmiri kehwa sells out in Canada

Posted on August 5, 2022 By admin
When Kashmiri kehwa sells out in Canada

It all began with a shelf. At Matamaal, a Delhi-based restaurant giving the capital a taste of Kashmiri Pandit cuisine, Hans Sadhu remembers one rack — “It used to be reserved for all our spices regularly brought over from Kashmir. It garnered a lot of attention, and diners would ask about it all the time,”…

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Business

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