Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
Asia Rice- Buyers turn to cheaper India Grains, Bangladesh cuts Import duty
Jul 01, 2022
Demand for Indian rice was robust this week as a weaker rupee made the staple more attractive than that from Thailand and Vietnam, while Bangladesh cut its import duty to cool surging domestic prices.
Bangladesh has cut the import duty on rice to 25% from 62.5%, with traders saying a huge volume will come from neighbouring India.
Deadly floods have damaged large areas of crop and have caused domestic prices to spike, even though it is peak harvesting season for the country's biggest rice crop.
While Bangladesh is the world's third-biggest rice producer, it often requires imports to cope with shortages due to natural disasters such as cyclones and floods.
Top exporter India's 5% broken parboiled variety <RI-INBKN5-P1> was quoted at $355 to $360 per tonne, unchanged from last week.
'Buyers have been giving preference to Indian rice because of lower prices. Demand is robust for 25% and 100% broken white rice,' said an exporter based at Kakinada in the southern state of Andhra Pradesh.
Thailand's 5% broken rice prices <RI-THBKN5-P1> fell to $412-$415 per tonne from $420-$425 last week.
'Demand is coming in, but not in large amounts. The market is quiet - India rice prices are lower than that of Thailand,' a Bangkok-based trader said.
While the farmers are expecting a good yield this year, they are under pressure from rising costs of fertilizer, the trader added.
Vietnam's 5% broken rice <RI-VNBKN5-P1> was offered at $415-$420 per tonne on Thursday, compared with $418-$423 a week ago.
'Domestic supplies are building up with more output from the ongoing harvest of the summer-autumn crop,' a trader based in Ho Chi Minh City said.
Data on Wednesday showed that Vietnam's rice exports in January-June were estimated to have risen 16.2% from a year earlier to 3.5 million tonnes, with revenue from rice exports up 4.6%.
agriculture.com
Archive