basmati rice

Rice stocks rally up to 15% after Government removes minimum export price

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Rice stocks rally up to 15% after Government removes minimum export price

Shares of rice stocks like KRBL, LT Foods, Kohinoor Foods, and others rallied up to 15% on BSE today after the government removed the minimum export price (MEP) of $950 per tonne for basmati rice on Friday. Kohinoor Foods shares skyrocketed by 15% to a day’s high of Rs 44.85, while KRBL surged 6.6% to … Read more

Basmati prices cool at home as a restive Red Sea hurts exports

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Basmati prices cool at home as a restive Red Sea hurts exports

KOLKATA: Exports of basmati rice have fallen due to militant attacks against merchant ships in the Red Sea, leading to 5-10% fall in basmati prices in the domestic market, exporters said. Leading shipping lines’ decision to avoid the Suez Canal route amid Houthi attacks has also impacted sunflower oil imports from Russia and Ukraine. Sunflower … Read more