All India Rice Exporters Association seeks PMs intervention to revoke EU ban on basmati rice
The Dollar Business Bureau India’s widely appreciated basmati rice may face the closed doors of the EU due to the new regulations that EU has imposed on chemical residues, The All India Rice Exporters Association (AIREA) said on Wednesday. A fungicide named tricyclazole which many farmers use to prevent leaf and neck blast in basmati paddy varieties was banned by EU. For sometime EU had allowed a maximum residue limit (MRL) of 1ppm (parts per million) on the basmati rice that was exported to EU. However, it has issued a notification that residues above 0.01 ppm will not be allowed in the basmati imports after Dec 31, 2017. Speaking to the media, AIREA President, Vijay Setia said it would not only impact their ...
Exports of 8 out of 10 key agricultural products slide in September
Deepak Kumar | The Dollar Business Weak global demand and shortfall in domestic production have led to a steep fall in India’s export of agricultural products in the past few months, say experts. In September this year, the export of 8 out of 10 key agricultural products witnessed a negative growth with cereals registering the steepest decline of almost 64%, the latest government data showed. Industry experts have attributed the downward trend to the weak demand in the European market, devaluation of Chinese yuan and lesser domestic production. “Several factors including devaluation of yuan and market crisis in the European Union have led to a considerable fall in exports. Domestic production has also been hit. Overall we are seeing a decline; both ...
'Basmati rice export price to bounce back by December'
Deepak Kumar | The Dollar Business Even though the realisation from basmati rice exports is shrinking to a record low, industry experts hope that the prices would bounce back by early December primarily due to an increase in demand from the Middle East and Iran. “Reliasation is not as high as it should be. It is definitely lower than the last year. There has been a slowdown in Iran as far as importing price is concerned. Once new orders start coming in from Iran and Saudi Arabia, basmati exports value will increase. We expect its price to go up by early December,” R Sundaresan, Executive Director of All India Rice Exporters Association (AIREA), told The Dollar Business. Even though the volume of ...
Irans nuclear deal with world powers to fuel Indias crude oil import, say experts
Himanshu Vatsa | The Dollar Business The nuclear deal between Iran and the US-led six-nation group is expected to have positive impact on India’s energy sector with increased crude oil imports from the Islamic country, say experts. The five permanent members of the United Nations Security Council (UNSC) —the US, UK, France, Russia, and China— along with Germany (also known as P5+1) agreed to ease trade restrictions on Iran to keep a check on Iranian nuclear programme. As per the deal signed in Vienna on Tuesday, easing of sanctions will enable Iran to export its crude oil resources. India which had opposed to sanctions on Iran has been engaged with various trades, especially in agriculture and crude oil, for long. Since ...
Indian basmati rice exports likely to grow in FY 2015-16
The Dollar Business Bureau The Indian exporters of Basmati Rice are likely to get a boost in the new financial year with a few of the global economies mulling to import the same from India. After a brief-break since October 2014, Indian Basmati Rice exporters are expected to get market entry into Iran, which is likely to start in April 2015. Besides Iran, now, it seems China is looking forward for importing basmati rice from India. According to latest reports, India is likely to export basmati rice to China this year, with the exporting units registered with National Plant Protection Organisation (NPPO) being declared infestation-free. In this regard, the Government of India is expected to send a list of Indian ...
Indian rice exporters demand restoration of Interest Subvention Scheme
The Dollar Business Bureau (Pic - Bazaar-e Reza in Mashhad, Iran) Iran has slowed down purchases of Indian agriculture products in recent months following the ease of sanctions against it earlier this year Faced with various hurdles in the international markets, the All India Rice Exporters Association (AIREA) has urged the government to restore the Interest Subvention Scheme to avert a decline in rice exports and losses this year. After remaining a leader for three years, Indian rice exporters are likely to face a slowdown in FY2014-15 due to geo-political changes, low global prices and high supplies. According to official sources, India exported around 10.9 million tonnes of rice in FY2013-14, and India’s total rice exports during April – September 2014 ...
