India’s rice production in 2024 kharif season is estimated at 119.93 million tonnes (mt), which shows that the output has jumped by about 30 mt in the past decade alone. The rice output in the last kharif was 113.26 mt. This also reflects farmers’ growing preference for paddy crop when there is uncertainty over yield and prices of other crops, experts said.
India, Pakistan and Sri Lanka have come together to demand that concerns over support for public stockholding of foodgrains - an issue critical for procurement - along with special safeguard measures to check surge in import of agricultural products be addressed in the Geneva-based trade body's committee on agriculture instead of focusing on all issues through a 'facilitator-driven' approach, being pushed by the WTO secretariat.
Against the backdrop of rising prices, the government has geared up efforts to buy rice from the international market to replenish stocks and ensure distributions under social safety net schemes to arrest market volatility.
Director General of Foreign Trade (DGFT) has introduced mandatory annual reporting requirements for exporters who have claimed duty credits exceeding Rs 1 crore under the Remission of Duties and Taxes on Export Products (RoDTEP) scheme.
The Ministry of Agriculture and Farmers’ Welfare has released First Advance Estimates of production of Major Agricultural Crops (Kharif Only) for the year 2024-25.These estimates have been primarily prepared on the basis of information received from States.
ICAR-Central Citrus Research Institute, Nagpur, and the Agricultural & Processed Food Products Export Development Authority (APEDA) jointly organized an important stakeholder meet today in Nagpur. The meeting aimed to accelerate the export of Nagpur Mandarin from the Vidarbha region of Maharashtra.
The lowest price offered in the tender from Bangladesh's state grains buyer to buy 50,000 metric tons of rice that closed on Monday was assessed at $477.00 a tonne CIF liner out for rice sourced from India, an official in Bangladesh and European traders said.
