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Contracts for Basmati exports with the value of $1,200 per MT only and above should be registered for issue of RCAC

Centre to not allow basmati rice exports below $1,200 per tonne

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Centre imposes conditional curbs on basmati rice exports The government on Sunday said that it has decided not to allow exports of basmati rice below...
A shipment of rice imported from Pakistan contained the 'Megaselia scalaris' fly, the Dawn reported

Russia warns Pakistan of banning rice imports again after contaminant found

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Russia expresses concern over food safety; warns Pakistan of rice import ban Russia warned Pakistan of banning rice imports from the country again after detecting...
The MEP of $800 per metric tonne translates into about Rs 67 per kg

Centre notifies minimum export price of $800 per metric tonne on onion

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After import duty, MEP of $800/MT on onions to ensure availability The government has notified the minimum export price (MEP) of $800 per metric tonne...
India and Singapore enjoy a very close strategic partnership, characterized by shared interests, close economic ties and strong people to people connect

India exempts Singapore from rice export ban due to ‘close strategic partnership’

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Despite the ban, India allows rice exports to Singapore to meet the food security requirements India has agreed to exempt Singapore from its ban on...
The imposition of 40% duty will come into force with immediate effect, and will remain in force up to and inclusive of the December 31, 2023

Centre imposes 40% duty on onion exports till December 31

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Onion exports are subject to a 40% duty by the Centre with immediate effect On Saturday, the Centre imposed a 40% export duty on onion...
Non-Basmati white rice constitutes about 25 percent of total rice exported from the country

Centre prohibits export of non-Basmati white rice in an attempt to increase domestic availability

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Govt bans white rice exports forthwith to control price On Thursday, the Centre prohibited the export of non-Basmati white rice, aiming to prevent its price...
Despite erratic monsoon and negative seasonality in vegetable prices, food inflation in August was lower than the April peak of the current year

Retail inflation high due to high food prices, adverse base effect: Centre

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Retail inflation resurges to 7% in August as food prices increases As retail inflation rose to 7 percent in August from 6.71 percent in July,...
While some countries experience a solid rebound in GDP growth, Afghanistan faces a humanitarian crisis, Pakistan a political crisis, and Sri Lanka a balance-of-payments crisis

World Bank warns debt payment to exports ratio highest in Pakistan, Sri Lanka

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Pakistan, Sri Lanka highest on account of external debt repayment ratio to exports The World Bank (WB) has warned that Pakistan and Sri Lanka are...
India's merchandise imports in March 2022 increased by 24.21 percent over last year to $60.74 billion from $48.90 billion

India’s merchandise exports for March surge over 19% YoY basis

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Merchandise exports surge over 19%, imports 24% As per the official data released on Wednesday, India's March 2022 merchandise exports rose to $42.22 billion, higher...
Russia is seeking new markets for its oil exports as Western sanctions tighten

Russia offers oil to India at $35 per barrel discount from pre-war price

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Oil, other commodities at a discounted price offered by Russia Amid the Russia-Ukraine crisis, the Russian government has offered India the chance to buy oil...

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