india rice export

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

Rice exports impacted by problems in Red Sea: Commerce Minister Piyush Goyal

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Rice exports impacted by problems in Red Sea: Commerce Minister Piyush Goyal

New Delhi: Commerce and Industry Minister Piyush Goyal on Thursday said rice exports have been impacted by the problems in the Red Sea, though a clear picture will emerge after the December exports data is known. The situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to … Read more