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Market Updates
The Indian Rice
Exporters Federation has been granted a onetime exemption from the export prohibition by
the government to send 20 metric tonnes (MT)
of non-basmati white rice to Nepal as a relief
effort for those affected by the earthquake.
On Thursday, the government lifted an
embargo and permitted the export of necessities to five African countries. The supply of food in strategic
partner countries has been impacted by the export restrictions on food grains like wheat and rice.Through the
National Cooperatives Exports Limited (NCEL), the government approved the export of 240,000 tonnes of nonbasmati rice to Equatorial Guinea, Comoros, Madagascar, Kenya, and Egypt, according to a statement from the
Directorate General of Foreign Trade (DGFT).The directive states that 20,000 tonnes of non-basmati rice will be
sent to Comoros, 50,000 tonnes to Madagascar, 10,000 tons to Equatorial Guinea, 100,000 tonnes to Kenya,
and 60,000 tonnes to Egypt.
According to specialists at Birsa Agriculture University (BAU), the
persistent rainy weather may harm farmers' mature Kharif crops. This was said on Thursday. Extended periods
of precipitation can harm Kharif crops, particularly rice. The grains may swell and eventually germinate because
of the precipitation.
