MUMBAI -- Rice traders in India, the world's biggest supplier of the staple, are paring back their forecasts of record exports as buyers struggle to take on the glut of rice unleashed by the lifting of the country's export curbs. This comes as Indian exporters find themselves in a similar situation to their peers in Thailand and Vietnam, who have been hit by the drop in prices caused by the Indian oversupply. India's Rice Exporters Association has cut its growth forecast of total rice exports for 2025 to 11%, amounting to about 20 million tons, down from its earlier forecast of a 25% jump to 22.5 million tons, B.V. Krishna Rao, the group's president, told Nikkei Asia.
- AWL Agri Business' Q1 Earnings: The company reported a 24% decline in net profit for the June quarter, partly due to a 4% drop in overall volumes, with rice being a significant drag. Despite this, net sales rose 20.5% to ₹17,058 crore, driven by improved edible oil realizations.- Rice Price Trends: You can check out current rice prices and varieties on platforms like Flipkart, which offers various types of rice, including Daawat Basmati Rice and brown rice, with prices ranging from ₹183 to ₹1,245 for different quantities.- Agricultural Market Information: For comprehensive market information, including daily prices and arrivals of agricultural commodities like rice, you can reach out to AMIS (Agricultural Marketing Information Service), which provides one-step market information services for various agricultural produce markets across Punjab.¹ ² ³
Some popular rice varieties in India include:- Daawat Basmati Rice: Known for its quality and aroma, with prices starting at ₹660 for a 5 kg pack.- Brown Rice: A healthier option, with prices starting at ₹188 for a 1 kg pack.- Sona Masoori Rice: A popular variety, with prices starting at ₹476 for a 10 kg pack.
