Govt 2017-18 rice purchases at 13.2 million metric tonne so far, up 7.1% on year.

The government has procured 13.2 million metric tonne rice so far in the 2017-18 (Oct-Sep) marketing year at a minimum support price of 1,550 rupees per 100 kg. The procurement is 7.1% higher than 12.3 million metric tonne purchased a year ago due to a higher MSP. The support price of common grade paddy is 1,470 rupees per 100 kg. The procurement was highest in Punjab where the Centre has bought 9.2 million metric tonne rice so far, up from 8.9 million metric tonne a year ago. The second highest contributor to the central pool was Haryana where the government has bought 3.8 million metric tonne rice, up 13.3% on year.

India rice exports during April-August rose 7.4 percent.

India rice exports during April-August rose 7.4 percent from a year earlier to 5.13 million tonnes as shipments of non-basmati rice surged. Non-basmati rice exports jumped 9.4 percent to 3.29 million tonnes, while premium basmati rice exports rose 4 percent to 1.85 million tonnes, the Agricultural and Processed Food Products Export Development Authority said in a statement. India mainly exports non-basmati rice to African countries and premier basmati rice to the Middle East. The country`s buffalo meat exports in April to August edged up 0.2 percent to 503,496 tonnes, while guar gum exports surged 61.5 percent to 218,165 tonnes.

Thailand aims to boost rice exports; India rates dip on fresh supply.

Thailand has exported 8.23 million tonnes of rice since January to September this year and have a target to reach 11 million tonnes in exports by the end of the year. India’s rice exports during April-August rose 7.4 percent from a year earlier, to 5.13 million tonnes, as shipments of non-basmati rice surged. The country mainly exports non-basmati rice to African countries and premier basmati rice to the Middle East.

EU sets Dec 31 deadline to adhere to new Basmati import norms.

European Union has given time to India till December 31 to meet the bloc new norms on importing Basmati rice. The new norms set by European Commission bring down the maximum residue limit (MRL) level for Tricyclazole (a fungicide) in Basmati rice to 0.01 mg per kg from next year. The norms are applicable on all rice-exporting countries.