India export prices stay high on strong demand as local supplies dry up

INDIA – Rice export prices from India have hit their highest level since April 2021, benefiting from firm demand, stretched supplies, and elevated rates in Thailand. This comes at a time when supplies in India are also tightening after New Delhi decided to end its COVID-era free food program and replace it with a cheaper program.  During this price surge,…

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India records 13% drop in wheat prices after the government releases grain for flour millers

INDIA-Wheat prices in India have fallen nearly 13 percent following Prime Minister Narendra Modi’s government decision to release 3 million tonnes to bulk users such as flour millers. Following the directive, wheat prices in New Delhi fell to Rs 28,290 (US$347.11) a tonne, down 13 percent from last week’s high owing to low stocks. The decision did not however have…

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ITC Ltd to introduce millets into its packaged food category to buffer food insecurity in India

INDIA-ITC Ltd has announced an initiative to promote millets in food as part of its steps to ensure food and nutritional security in the wake of challenges from climate change. ITC is a diversified entity with a presence across industries such as FMCG, hotels, software, packaging, paperboards, specialty papers, and agribusiness. It has 13 businesses in 5 segments and exports…

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Adani Wilmer forecasts high-double digits in edible oils sales for quarter three

INDIA-Adani Wilmar, a leading packaged food company in India, is foresting increased sales for edible oils in the third quarter following high demand during the festive season coupled with increasing out-of-home consumption. Adani Wilmar, a joint venture between Indian conglomerate Adani Group and Singapore’s Wilmar Group, offers most of the essential kitchen commodities including edible oil, wheat flour, rice, pulses,…

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Madagascar requests India to waive export taxes on rice destined for the island

MADAGASCAR-The  government of Madagascar has requested the Indian ambassador Bandaru Wilsonbab, to obtain tax exemption for the importation of 200,000 tons of rice from the Asian country. The request comes barely months after the Indian government imposed a 20% customs duty for sales of different qualities of rice ((non-basmati, paddy rice, brown rice, non-parboiled rice) for importers. India is the…

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