India is the world’s leading exporter of Basmati rice, shipping 5.24 million metric tonnes worth ₹48,389 crore in 2023-24, as per the latest data from APEDA.
Indias consideration to ease rice export limits surged KRBL shares by 13%, LT Foods to a 52-week high, and Kohinoor Foods by 11%. Plans include fixed duties on white rice, scrapping 20% parboiled rice tax. Indian exports hit 2.9 million tons this fiscal year; monsoon season planting is critical for West Africa and Middle East reliance.
Net Sales at Rs 23.27 crore in December 2023 up 38.43% from Rs. 16.81 crore in December 2022.
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Quarterly Net Loss...
Shares of most rice stocks declined on Monday after the Union government decided not to allow exports of basmati rice below $1,200 per tonne.
Shares of Chaman Lal Setia Exports Ltd. plunged 5.73% compared to a 0.07% gain in the benchmark NSE Nifty 50 as of 10:06 a.m. KRBL Ltd. declined over 2% and Kohinoor Foods Ltd. was down by 1.51%.
Shares of LT Foods Ltd. advanced over 1% after it clarified that the basmati export limit did not impact exports for the company, which mostly exports premium and aged rice via Daawat and Royal brands.
Healthy and Sustainable Choice for Modern Consumers: [208 + Pages Research Study] According to a market research study published by Zion Market Research,...
Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 were likely to see a gap-up start on Friday, as suggested by trends on SGX Nifty in early trade
BSE Sensex and NSE Nifty 50 were trading nearly 1 per cent down on Friday, dragged by losses in index heavyweights such as Reliance Industries, ICICI Bank, Bharti Airtel.
After a dismal start, benchmark indices recovered most of their losses on Wednesday as metals and some energy counters gathered buying interest. The BSE Sensex, which, touched a low of 52,612, was down 100 points at 53,077, while the NSE Nifty 50 had reclaimed the 15,800-level.