The Indian government on Wednesday removed all curbs on rice exports that have been in force since September 2022. However, it has retained the ban on exports of broken rice.

Speaking at the Forum for Internet Retailers, Sellers and Traders (First India) event,  stakeholders from the Directorate General of Foreign Trade (DGFT) emphasised the need to establish over 100 export hubs to tackle key challenges faced by Indian micro, small and medium enterprises (MSMEs) in international trade. 

German Economy Minister Robert Habeck laid out plans to remedy weak growth in Europe’s largest economy on Wednesday by starting a fund to stimulate investment and changing course on Germany’s budget policy.

Major ports, owned by the central government, registered a 6 per cent growth in cargo in September at 65 million metric tonnes (mmt), primarily driven by crude oil cargo shipments and an increase in miscellaneous commodities.

Indonesian state purchasing agency Bulog has told traders that Indian supplies can be offered in its new international tender to buy 340,000 metric tons of rice and the offer deadline is postponed by one day, European traders said on Tuesday.

Rajasthan will organise an agriculture pre-summit on October 24 as part of Rising Rajasthan in a bid to attract investments in the agri and food processing sector that contributes nearly 27 per cent to the state’s gross domestic product.

India reaching an agreement with China on patrolling along the LAC in eastern Ladakh is a positive development as it would further create a friendly environment for trade ties between the two countries, say exporters.

Exports to eight out of India’s top 10 destinations, including the Netherlands, the United States (US) and the United Kingdom (UK), witnessed positive growth during the first six months of the current financial year (FY25), despite muted global demand amid geopolitical challenges, commerce department data showed.

India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.