Namarita Kathait

Oct 23, 2024 | spglobal.com | Namarita Kathait

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Oct 23, 2024 | spglobal.com | Namarita Kathait

India has removed a 10% duty on parboiled rice outflows with immediate effect, the Ministry of Finance said Oct. 22, enhancing the country's rice export potential. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. In September, India slashed the export duty on parboiled rice from 20% to 10%, and introduced a minimum export price of $490/mt in response to swelling granaries and a bumper harvest expected from the upcoming new Kharif season crop.

Oct 9, 2024 | spglobal.com | Namarita Kathait

Indian parboiled milled rice 5% STX price reached a 10-month low Oct. 8, with Platts assessing it at $489 per metric ton FOB, down 3% on the year, due to the reduction in export duty on parboiled rice and new crop arrival pressure, S&P Global Commodity Insights data showed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.

Sep 27, 2024 | spglobal.com | Namarita Kathait

India has slashed the export duty on parboiled rice to 10% from 20%, effective immediately, the country's Ministry of Finance (Department of Revenue) said in a notification released Sept. 27. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. The move is likely to boost rice exports and raise prices in India's domestic rice market.

Sep 17, 2024 | spglobal.com | Felipe Peroni |Namarita Kathait |Karan Dadure

Lower supply coupled with firm demand have been boosting prices of shrimp in Ecuador and Europe in recent weeks, also affected by seasonal factors, market sources told S&P Global Commodity Insights. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Cash prices for shrimp have increased in both regions, with Platts -- part of Commodity Insights -- assessing the Ecuador shrimp marker at $5,400 per metric ton FCA Guayaquil on Sept.