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

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

India exports over 45,000 tonnes onion after lifting ban

India exports over 45,000 tonnes onion after lifting ban

New Delhi: India has exported more than 45,000 tonnes of onion since the ban on outbound shipments was lifted early this month, a top government official said on Wednesday. These exports provided relief to farmers after curbs were imposed to keep domestic supplies steady ahead of general elections. The world’s biggest vegetable exporter banned exports … Read more