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High prices could trip basmati exports

A minimum export price (MEP) of $900 a tonne for basmati rice, considered high in the current global market, may spoil the party for Indian exporters. The exporters want the Government to either revise the MEP for basmati in line with prevailing global prices or abolish it completely and leave the pricing to market forces. Prices of basmati in the past one year have crashed from an average of $1,100 to $650 a tonne. This crash has been triggered by .....

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For economic devt increase food production: Pranab

Union Finance Minister Pranab Mukherjee today laid emphasis on more agricultural output for sustainable economic development of the country. The purpose of the Food Security Bill will also be lost if the country does not produce required foodgrains, Mukherjee said while inaugurating a branch of the 'Bangiya Gramin Bikash Bank' at Lalgola. Along with increased food production, the Public Distribution System (PDS) should also be .....

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Organises two day event “Basmati for the world” on November 22-23 in Delhi

In a bid to further popularize the Indian aromatic rice Basmati globally Agricultural and Processed Food Products Export Development Authority of India (APEDA) along with All India Rice Exporters Association (AIREA) is organizing a two day event  “Basmati for the world 2011 ” on November 22-23 in the capital. Celebrity chefs from across the globe will be coming to India on November 22 to take part in the two-day .....

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Onions stay put as supply matches demand

Onion prices were stable this week in markets around growing areas on increased arrivals and constant demand. “Prices were stable as nearly 17,400 tonnes of onion arrived in various markets in Maharashtra in the last three days,” said Mr Rupesh Jaju, Director of United Pacific Agro Pvt Ltd that ships onions. Prices ruled between Rs 500 and 1,200 a quintal depending on quality but most of the trades took place between Rs 900 and .....