India's parboiled, raw rice exports dip for 4th month in a row in May

The dip in export has come despite India lifting almost all the restrictions on overseas shipments from September 2024
New Delhi
Listen to This Article
India's exports of parboiled rice and raw rice, the two major components in non-basmati rice exports, have dropped for the fourth month running in May 2025 due to tepid demand from African nations who have cut down on purchases due to surplus stocks.
The dip in export has come despite India lifting almost all the restrictions on overseas shipments from September 2024.
The dip in non basmati rice exports come amid concerns over Israel-Iran conflict impacting basmati rice exports as well.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Economic Times

an hour ago

• Economic Times

Trick or TACO? Why has Trump set a 2-week deadline for Iran?

US President Donald Trump announced he will decide within two weeks whether the U.S. will intervene in the Israel-Iran conflict, hinting at potential negotiations while demanding "unconditional surrender." This delay could be a strategic move to deceive Iran, allow military repositioning, and give Israel time to weaken Iranian nuclear capabilities. Tired of too many ads? Remove Ads Also Read: The spy dossier that triggered Israel to rain missiles on Iran Tired of too many ads? Remove Ads What could be Trump's 14-day Iran strategy? ( Originally published on Jun 20, 2025 ) White House press secretary Karoline Leavitt told reporters Thursday that President Donald Trump will decide whether the US should get involved in the Israel-Iran conflict within the next two weeks. "Based on the fact that there's a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks," Trump said in the statement read out by decision to delay making any decision on the Iran-Israel conflict for two weeks points at his signature approach to deal making -- to make a hard decision and then dilute it or reverse it altogether. He has imposed and then reversed or brought down tariffs on numerous occasions. His style has led to coining of an acronym, TACO, meaning "Trump always chickens out," which was used to describe an investment approach in response to Trump's volatile tariff Trump going TACO with Iran? Trump had claimed on Wednesday that Iran has reached out to negotiate. 'Iran wants to negotiate,' he told reporters. But he quickly added, 'I said it's very late.' According to Trump, Iranian negotiators had even suggested visiting Washington. 'They suggested they come to the White House,' he said. 'But it's difficult.' He appeared unmoved by the offer. 'Two very simple words: unconditional surrender,' Trump said. 'I've had it.' That remark followed his earlier comment: 'Iran's got a lot of trouble and wants to negotiate,' before adding, 'They should have negotiated.'A day after signalling that he was not interested in negotiations with Iran any more, Trump has reversed his stance to say there is still scope for negotiations. Trump faces several challenges: a US involvement in the conflict can result in heavy damage to its assets and soldiers; there is the risk of a wider war breaking out with other players jumping in; and Trump's MAGA base is still unconvinced that the US should get drawn into another foreign finds himself in a complex situation where various pulls and pushes keep him undecided. However, his two-week ploy could actually be a well-planned move. Some experts have told The New York Times that it is also possible that Trump is trying to deceive the Iranians and get them to let their guard down and surprise them with a sudden move. 'That could be cover for a decision to strike, immediately,' James G. Stavridis, a retired Navy admiral and the former supreme U.S. commander in Europe, said on CNN. 'Maybe this is a very clever ruse to lull the Iranians into a sense of complacency.'While Trump keeps the world, including the Iranians, guessing whether the US would join Israel's bombardment of Iran's nuclear and missile sites, the US military has moved some aircraft and ships from bases in the Middle East that may be vulnerable to any potential Iranian attack, two US officials told Reuters on Wednesday. One of the officials said aircraft that were not in hardened shelters had been moved from Al Udeid base in Qatar and naval vessels had been moved from a port in Bahrain, where the military's 5th fleet is per the NYT report, Trump's two-week deadline allows time for a second American aircraft carrier to get into place, giving US forces a better chance to counter the inevitable Iranian retaliation while Israel too will get more time to destroy the air defenses around the Fordo enrichment site, Iran's key nuclear site which can be destroyed only with American latest statement that there's still a substantial chance of negotiations could be aimed at pleasing his European allies. The European powers, who were not part of Iran's nuclear negotiations with the US, had grown increasingly frustrated by the US negotiating strategy in the talks. They deemed some of the demands unrealistic, while fearing the possibility of a weak initial political framework that would lead to open-ended negotiations. Two diplomats told Reuters there were no great expectations for a breakthrough in Geneva, where the European Union's foreign policy chief will also could also believe that the pounding of Iranian nuclear sites by Israel, which is likely to intensify in the two-week period, might soften Iranian position. The plan that the US last offered to Iran was a ban on all uranium enrichment. An Iran weakened by Israeli strikes and facing the threat of the US joining the conflict might be more willing to consider that now.(With inputs from agencies)

Business Standard

an hour ago

• Business Standard

Gold price rises ₹10 to ₹1,00,750; silver down ₹100, trading at ₹1,09,900

Gold Price Today: The price of 24-carat gold climbed ₹10 in early trade on Saturday, with ten grams of the precious metal trading at ₹1,00,750 according to the GoodReturns website. The price of silver fell ₹100, with one kilogram of the precious metal selling at ₹1,09,900. The price of 22-carat gold also climbed ₹10, with ten grams of the yellow metal selling at ₹92,350. The price of ten grams of 24-carat gold in Mumbai, Kolkata, Delhi, and Chennai stood at ₹1,00,750. In Mumbai, the price of ten grams of 22-carat gold is in line with that of Kolkata, Bengaluru, Chennai, Delhi, and Hyderabad at ₹92,350. The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹1,09,900. The price of one kilogram of silver in Chennai stood at ₹1,19,900. US gold prices were steady on Saturday and poised for a weekly loss after US President Donald Trump delayed a decision on entering the Israel-Iran conflict. Spot gold was little changed at $3,369.63 an ounce, as of 1157 a.m. EDT (1557 GMT), its lowest since June 12, while the index was down 1.8 per cent for the week. US gold futures shed 0.7 per cent to $3,385.50. Spot silver fell 1.1 per cent to $35.98 per ounce, and was down 0.9 per cent for the week. Palladium lost 0.2 per cent to $1,048.61 but was up 2.1 per cent during the week. Platinum dropped 2.6 per cent to $1,271.55, but on track for its third straight weekly gain.

The Print

2 hours ago

• The Print

Govt meets stakeholders to assess impact of Iran-Israel conflict on trade; monitoring situation

The participants informed that the situation in the Strait of Hormuz is currently stable and a ship reporting system is in place to monitor any incidents. New Delhi, Jun 20 (PTI) The commerce ministry on Friday held consultations with key stakeholders, including shipping lines, exporters, container firms, and other departments, to assess the impact of the Iran-Israel conflict on India's overseas trade, an official said. The freight and insurance rates are also being closely monitored, the official said. The commerce secretary emphasised the need to assess the evolving situation and its impact on Indian trade, the official said. He highlighted the importance of exploring all possible alternatives in response to the situation. Exporters have stated that the war, if escalated further, would impact world trade and push both air and sea freight rates. They have expressed apprehensions that the conflict may impact the movement of merchant ships from the Strait of Hormuz and the Red Sea. Nearly two-thirds of India's crude oil and half of its LNG imports pass through the Strait of Hormuz, which Iran has now threatened to close. This narrow waterway, only 21 miles wide at its narrowest point, handles nearly a fifth of global oil trade and is indispensable to India, which depends on imports for over 80 per cent of its energy needs. According to think tank GTRI, any closure or military disruption in the Strait of Hormuz would sharply increase oil prices, shipping costs, and insurance premiums, triggering inflation, pressuring the rupee, and complicating India's fiscal management. The present conflict that began with an attack on Israel on October 7, 2023 had brought cargo movement through Red Sea routes to a halt due to attacks by Houthi rebels on commercial shipping. Last year, the situation around the Bab-el-Mandeb Strait, a crucial shipping route connecting the Red Sea and the Mediterranean Sea to the Indian Ocean, escalated due to attacks by Yemen-based Houthi militants. Around 80 per cent of India's merchandise trade with Europe passes through the Red Sea, and substantial trade with the US also takes this route. Both these geographies account for 34 per cent of the country's total exports. The Red Sea Strait is vital for 30 per cent of global container traffic and 12 per cent of world trade. India's exports to Israel have fallen sharply to USD 2.1 billion in 2024-25 from USD 4.5 billion in 2023-24. Imports from Israel came down to USD 1.6 billion in the last fiscal from USD 2.0 billion in 2023-24. Similarly, exports to Iran, amounting to USD 1.4 billion, which were at the same level in 2024-25 as well as in 2023-24, could also suffer. India's imports from Iran were at USD 441 million in FY25 as against USD 625 million in the previous year. The conflict adds to the pressure that the world trade was under after the US President Donald Trump announced high tariffs. Based on the tariff war impact, the World Trade Organisation (WTO) has already said that global trade will contract 0.2 per cent in 2025 as against the earlier projection of 2.7 per cent expansion. India's overall exports had grown 6 per cent on year to USD 825 billion in 2024-25. PTI RR HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.