India Removes Rice Export Ban, Spurring Additional Trade
11.10.2024 20:30 "Agro Perspectiva" (Kyiv) —
According to the report of the USDA Grain: World Markets and Trade (October 2024), on September 28, 2024, India lifted a 14-month export ban on non-basmati white rice, the most tradedcategory of rice globally. Additionally, India removed the Minimum Export Price (MEP) on basmati rice and reduced tariffs to 10 percent on paddy, brown, and parboiled exports. Global trade is now set to rise in 2025 as top exporter India expands shipments and global rice prices are expected to fall. Notably, the ban on broken rice exports remains in place, which is forecast to keep India export volumes and global trade below the records reached in 2022. India’s sudden export ban on July 20, 2023 had a profound impact on global rice exporter prices, climbing to their highest in 15 years. With the removal of the non-basmati white rice export ban this past month, the Indian government also set a MEP of $490/ton. Indian export quotes are now around that level, which is comparable to when they were last quoted in July 2023. In response, export prices for other origins have fallen sharply and some have edged below $500/ton for the first time since July 2023. Pakistan, which saw surging exports during the export ban, has removed its own MEP in response. With India’s return to the market, exports are anticipated to decline for Thailand, Vietnam, and Pakistan. All of these countries expanded exports in 2023/24 as a result of India’s export ban. Global trade is expected to expand slightly for 2025 as price-sensitive countries, especially in Africa and Asia, increase import demand in response to more available supplies and lower prices. In particular, African countries shifted to alternate suppliers such as Pakistan but scaled back on total purchases during India’s export ban. Shipments to neighboring Nepal and Bangladesh are also anticipated to rebound. AGRO PERSPECTIVA offers Agro + «Ukrainian Grain & Oilseed Market» weekly analytical bulletin. Concerning subscription please contact: client@agroperspectiva.com or +380675964652 (WhatsApp, Viber, Telegram).
22.12.2024 |
|
 |
|
|
 |
05:26 |
FAO transfers 185 generators, 6,474 grain hoses to Ukrainian farmers in 2024 |
|
03:53 |
The EU agri-food trade surplus increased by 15% in September 2024, reaching EUR 6 billion |
19.12.2024 |
|
|
|
|
|
09:05 |
World coffee production for 2024/25 is forecast 6.9 million bags higher |
18.12.2024 |
|
|
|
|
|
23:11 |
China’s Expanding Coffee Consumption |
17.12.2024 |
|
|
|
|
|
22:37 |
Bangladesh Soybean Import Recovery Expected to Continue |
14.12.2024 |
|
|
|
|
|
21:03 |
World apple production for 2024/25 is forecast to fall nearly 350,000 tons to 84.0 million |
13.12.2024 |
|
|
|
|
|
09:11 |
U.S. Fresh Pear Exports Fall on Historically Low Harvest |
10.12.2024 |
|
|
|
|
|
21:03 |
Indonesia Grain Imports to Subside after 2023/24 Record |
|
08:14 |
Higher vegetable oil quotations drive up FAO Food Price Index, but lower cereal and sugar prices temper the rise |
|
07:45 |
Cereal trade revised downwards amid weaker demand |
02.12.2024 |
|
|
|
|
|
23:17 |
Prime Minister: Some 50 partner countries have joined the humanitarian demining coalition |
|
22:56 |
Norway pledges additional $4.5 mln to Ukraine's Grain from Ukraine initiative |
01.12.2024 |
|
|
|
|
|
03:30 |
EU agri-food trade slowed down in August 2024 |
26.11.2024 |
|
|
|
|
|
00:06 |
Global sugar production, compared to last year, is estimated up 2.8 million tons to 186.6 million |
24.11.2024 |
|
|
|
|
|
04:43 |
During the Operation of Our Grain From Ukraine Program, We Have Managed to Save 20 Million People from Hunger – Zelenskyy |
|
04:15 |
Ukraine Is Ready to Share Technologies, Military Experiences and Processing Methods with African Countries – the President |
22.11.2024 |
|
|
|
|
|
10:15 |
South Africa Sugar Production and Exports Estimated Down |
19.11.2024 |
|
|
|
|
|
23:04 |
Global Olive Oil Production Forecast to Rebound in 2024/25 |
|
22:47 |
Vitalii Koval discusses Ukraine's European integration with European colleagues |
|
16:06 |
EBRD, European Union and United States help Kyiv prepare for winter |
18.11.2024 |
|
|
|
|
|
09:21 |
Agriculture Development Strategy 2030 – a roadmap to the EU |
|
09:19 |
Ukrainian farmers have sown 96% of projected winter crop area |
01.11.2024 |
|
|
|
|
|
20:31 |
Ukraine has officially joined the International Fund for Agricultural Development |
|
20:29 |
Ukrainian farmers harvested 63.7 million tonnes of grains and oilseeds |
25.10.2024 |
|
|
|
|
|
22:50 |
Agriculture hit hard: October port strikes rack up 30-40 million dollars in losses |
|
21:04 |
Ministry of Agrarian Policy expects exports to rise in dollar terms |
|
10:57 |
Ukrainian corn seed flows to Europe in further farm trade shift |
24.10.2024 |
|
|
|
|
|
23:02 |
Tree Nut Import Markets Highly Concentrated |
23.10.2024 |
|
|
|
|
|
11:18 |
Prime Minister UK warns Russian threat to global stability is accelerating as Putin ramps up attacks on Black Sea |
15.10.2024 |
|
|
|
|
|
09:35 |
Brazil Continues to Dominate Growth in Global Chicken Meat Exports in 2025 |
11.10.2024 |
|
|
|
|
|
23:33 |
China Cottonseed Imports Show Strong Demand in Recent Years |
|
20:30 |
India Removes Rice Export Ban, Spurring Additional Trade |
30.09.2024 |
|
|
|
|
|
17:27 |
List of agricultural machinery with cost compensation expanded to 11,300 items |
29.09.2024 |
|
|
|
|
|
20:21 |
1 in 11 people worldwide faced hunger in 2023, 1 in 5 in Africa If current trends continue, about 582 million people will be chronically undernourished in 2030, half of them in Africa |
|
17:13 |
EU agri-food surplus increased in the first half of 2024 |
27.09.2024 |
|
|
|
|
|
09:02 |
BASF presents new corporate strategy: BASF is setting a new direction for portfolio steering, capital allocation and performance culture |
26.09.2024 |
|
|
|
|
|
10:25 |
BASF sets new direction with corporate strategy and maintains high level of shareholder distributions |
21.09.2024 |
|
|
|
|
|
18:30 |
Three new sites recognized as Globally Important Agricultural Heritage Systems (GIAHS) |
17.09.2024 |
|
|
|
|
|
09:52 |
Cargill and Ducks Unlimited Working Together to Restore Watersheds Across North America |
|
08:44 |
FAO calls for G20 cooperation as hunger targets continue to elude |
|
06:40 |
FAO sees open trade as a cornerstone of global food security |
13.09.2024 |
|
|
|
|
|
07:08 |
U.S. Soybean Meal Hits 10‐Year High for Export Sales |
12.09.2024 |
|
|
|
|
|
21:26 |
U.S. Corn Exports Buoyed by Large Supplies |
11.09.2024 |
|
|
|
|
|
04:30 |
Global cereal production 2024 forecast on par with 2023 output, cereal trade likely to contract |
06.09.2024 |
|
|
|
|
|
11:35 |
FAO Food Price Index down marginally in August: lower sugar, meat and cereal quotations offset higher dairy and vegetable oil prices |
|
10:34 |
Cargill acquires two US feed mills, strengthens production and distribution capabilities to grow with customers |
05.09.2024 |
|
|
|
|
|
09:23 |
PM: Plan to develop small generation facilities to reduce vulnerability to terrorism |
30.08.2024 |
|
|
|
|
|
05:03 |
Taras Vysotskyi discusses agricultural cooperation with Hungarian counterpart István Nagy |
19.08.2024 |
|
|
|
|
|
12:00 |
OTP BANK RECEIVED A $2.76 MILLION GRANT FROM USAID INVESTMENT FOR BUSINESS RESILIENCE ACTIVITY FOR CONCESSIONAL LENDING TO MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISES |
16.08.2024 |
|
|
|
|
|
17:10 |
Cargill and Goanna Ag Pilot Irrigation Efficiency Technology on Mississippi Delta Cotton Fields |
Also available: 
|
