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The Print
2 days ago
- Business
- The Print
Indian millers, exporters optimistic as Bangladesh plans to import 9 lakh tonne rice: Stakeholders
'Of the total import plan, 4 lakh tonnes will be procured directly by the Bangladesh government through international tenders, while another 5 lakh tonnes will be imported by private traders of the neighbouring country. The decision comes earlier than usual, amid fear of crop loss due to heavy rain that could impact Bangladesh's Amon paddy currently being sown,' Ricevilla Foods CEO Suraj Agarwal told PTI. With India accounting for 46 per cent of global rice exports, the country is expected to 'emerge as the primary beneficiary of the move for its proximity, availability, and competitive pricing', they said. Kolkata, Jul 20 (PTI) Indian rice millers and exporters are upbeat about Bangladesh's 'plan to import 9 lakh tonnes of rice', anticipating a boost in demand and better prices for the cereal, stakeholders said on Sunday. Jai Baba Bakreswar Rice Mill Director Rahul Agarwal said the rice industry in the country, especially in Bengal, is well-positioned to benefit from the proposed plan by the Bangladesh authorities, and he did not foresee any diplomatic hurdle amid India's curbs on the import of garments and jute through the Petrapole border. 'At least 30-40 per cent of the private imports will likely be sourced from Bengal mills and traders. Bengal mills will also participate in the government tenders for 4 lakh tonnes. States like Bengal, Jharkhand, Andhra Pradesh, Odisha, and Bihar will benefit the most,' he said. Popular Indian rice varieties such as 'Swarna', 'Ratna', 'Miniket', and 'Sona Masoori' are expected to see price gains in both West Bengal and southern India amid the anticipated demand surge, he said. Prices of 'Swarna Mansoori' parboiled rice, now at Rs 29 per kg (ex-mill), may rise to Rs 31-32, while 'Miniket' variety currently being sold at Rs 41-42, could touch Rs 45 per kg in the coming weeks, Suraj Agarwal said. Bangladesh's early import plan reflects 'precautionary steps ahead of possible floods during the Amon season', the stakeholders said. The Bangladesh government has already procured 3.76 lakh tonnes of Boro paddy and 9.50 lakh tonnes of rice against a target of 14 lakh tonnes, with procurement set to conclude by mid-August, according to reports. From August, Bangladesh proposed to expand its food-friendly programme to 55 lakh families, providing 30 kg of rice per month at Tk 15 per kg during August, September, October, November, February, and March, the reports suggested. Exporters believe the development will further strengthen 'India's position as Bangladesh's key rice supplier while firming up prices for low-to-medium rice varieties in the domestic market'. Visakhapatnam and Paradip ports are major ones for rice exports. PTI BSM BDC This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Hindu
2 days ago
- The Hindu
Gangrape victim delivers baby, SP says rehabilitation plan underway for minor girl
A minor girl, who was a victim of gangrape at a village under Ramagiri mandal of Sri Sathya Sai district, on Monday delivered a baby under medical supervision, and both the mother and child were healthy and receiving continuous care. Superintendent of Police V. Ratna told the media here on Monday that she was overseeing the case, ensuring that the minor girl receives quality medical, legal, financial, and rehabilitation support. She said that visitors were strictly barred to prevent the risk of infections and to protect the family's privacy as well. 'Dignity of the victim in such cases is of paramount importance. Attempts to disturb peace or organise protests, which might expose her identity, will be dealt with stern police action,' the SP said. The SP said that after the crime against the minor came to light, multiple accused were taken into custody and remanded under the POCSO Act, following all legal procedures. Ms. Ratna said that the girl, admitted to hospital weeks ago with severe anaemia, was treated with coordination of multiple departments. The Department of Women and Child Welfare chalked out a recovery plan for her. Meanwhile, Minister for Home Vangalapudi Anitha, who was on a one-day visit to Madakasira Constituency in the district, while addressing the media said that as many as 14 accused were under remand on charges of sexual assault on the minor. She said that the concerned officials were taking care of the mother and child, and all necessary steps would be taken for her rehabilitation. Ms. Anitha said that the victim will get ₹2 lakh in financial support as a temporary relief.
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First Post
3 days ago
- Business
- First Post
Indian millers, rice exporters eye windfall as Bangladesh plans to import 9 lakh tonnes
Indian rice millers and exporters are upbeat about Bangladesh's 'plan to import 9 lakh tonnes of rice', anticipating a boost in demand and better prices for the cereal, stakeholders said on Sunday. read more Indian rice exporters and millers are optimistic about a rise in demand and better prices following Bangladesh's plan to import nine lakh tonnes of rice, industry stakeholders said on Sunday. India, which accounts for 46% of global rice exports, is likely to be the biggest beneficiary of the move due to its proximity, consistent supply, and competitive pricing. According to exporters, Bangladesh will import four lakh tonnes through government tenders and another five lakh tonnes via private traders. The early import plan comes amid concerns over crop losses from heavy rainfall affecting the Amon paddy season. STORY CONTINUES BELOW THIS AD 'Of the total import plan, 4 lakh tonnes will be procured directly by the Bangladesh government through international tenders, while another 5 lakh tonnes will be imported by private traders of the neighbouring country. The decision comes earlier than usual, amid fear of crop loss due to heavy rain that could impact Bangladesh's Amon paddy currently being sown,' Ricevilla Foods CEO Suraj Agarwal told PTI. Jai Baba Bakreswar Rice Mill Director Rahul Agarwal said the rice industry in the country, especially in Bengal, is well-positioned to benefit from the proposed plan by the Bangladesh authorities, and he did not foresee any diplomatic hurdle amid India's curbs on the import of garments and jute through the Petrapole border. 'At least 30-40 per cent of the private imports will likely be sourced from Bengal mills and traders. Bengal mills will also participate in the government tenders for 4 lakh tonnes. States like Bengal, Jharkhand, Andhra Pradesh, Odisha, and Bihar will benefit the most,' he said. Popular Indian rice varieties such as 'Swarna', 'Ratna', 'Miniket', and 'Sona Masoori' are expected to see price gains in both West Bengal and southern India amid the anticipated demand surge, he said. Prices of 'Swarna Mansoori' parboiled rice, now at Rs 29 per kg (ex-mill), may rise to Rs 31-32, while 'Miniket' variety currently being sold at Rs 41-42, could touch Rs 45 per kg in the coming weeks, Suraj Agarwal said. STORY CONTINUES BELOW THIS AD Bangladesh's early import plan reflects 'precautionary steps ahead of possible floods during the Amon season', the stakeholders said. Bangladesh has already procured 3.76 lakh tonnes of Boro paddy and 9.5 lakh tonnes of rice out of a 14 lakh tonne target, with procurement expected to conclude by mid-August. From next month, the country plans to expand its food-friendly programme to cover 55 lakh families, offering 30 kg of rice per month at Tk 15 per kg. Exporters believe the development will further strengthen 'India's position as Bangladesh's key rice supplier while firming up prices for low-to-medium rice varieties in the domestic market'. Visakhapatnam and Paradip ports are major ones for rice exports. With inputs from agencies
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Business Standard
3 days ago
- Business
- Business Standard
Indian exporters optimistic as Bangladesh plans to import 9 lakh tonne rice
Indian rice millers and exporters are upbeat about Bangladesh's "plan to import 9 lakh tonnes of rice", anticipating a boost in demand and better prices for the cereal, stakeholders said on Sunday. With India accounting for 46 per cent of global rice exports, the country is expected to "emerge as the primary beneficiary of the move for its proximity, availability, and competitive pricing", they said. "Of the total import plan, 4 lakh tonnes will be procured directly by the Bangladesh government through international tenders, while another 5 lakh tonnes will be imported by private traders of the neighbouring country. The decision comes earlier than usual, amid fear of crop loss due to heavy rain that could impact Bangladesh's Amon paddy currently being sown," Ricevilla Foods CEO Suraj Agarwal told PTI. Jai Baba Bakreswar Rice Mill Director Rahul Agarwal said the rice industry in the country, especially in Bengal, is well-positioned to benefit from the proposed plan by the Bangladesh authorities, and he did not foresee any diplomatic hurdle amid India's curbs on the import of garments and jute through the Petrapole border. "At least 30-40 per cent of the private imports will likely be sourced from Bengal mills and traders. Bengal mills will also participate in the government tenders for 4 lakh tonnes. States like Bengal, Jharkhand, Andhra Pradesh, Odisha, and Bihar will benefit the most," he said. Popular Indian rice varieties such as 'Swarna', 'Ratna', 'Miniket', and 'Sona Masoori' are expected to see price gains in both West Bengal and southern India amid the anticipated demand surge, he said. Prices of 'Swarna Mansoori' parboiled rice, now at Rs 29 per kg (ex-mill), may rise to Rs 31-32, while 'Miniket' variety currently being sold at Rs 41-42, could touch Rs 45 per kg in the coming weeks, Suraj Agarwal said. Bangladesh's early import plan reflects "precautionary steps ahead of possible floods during the Amon season", the stakeholders said. The Bangladesh government has already procured 3.76 lakh tonnes of Boro paddy and 9.50 lakh tonnes of rice against a target of 14 lakh tonnes, with procurement set to conclude by mid-August, according to reports. From August, Bangladesh proposed to expand its food-friendly programme to 55 lakh families, providing 30 kg of rice per month at Tk 15 per kg during August, September, October, November, February, and March, the reports suggested. Exporters believe the development will further strengthen "India's position as Bangladesh's key rice supplier while firming up prices for low-to-medium rice varieties in the domestic market". Visakhapatnam and Paradip ports are major ones for rice exports. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
3 days ago
- Business
- Time of India
Indian millers, exporters optimistic as Bangladesh plans to import 9 lakh tonne rice: Stakeholders
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Indian rice millers and exporters are upbeat about Bangladesh's "plan to import 9 lakh tonnes of rice", anticipating a boost in demand and better prices for the cereal, stakeholders said on India accounting for 46 per cent of global rice exports, the country is expected to "emerge as the primary beneficiary of the move for its proximity, availability, and competitive pricing", they said."Of the total import plan, 4 lakh tonnes will be procured directly by the Bangladesh government through international tenders, while another 5 lakh tonnes will be imported by private traders of the neighbouring country. The decision comes earlier than usual, amid fear of crop loss due to heavy rain that could impact Bangladesh's Amon paddy currently being sown," Ricevilla Foods CEO Suraj Agarwal told Baba Bakreswar Rice Mill Director Rahul Agarwal said the rice industry in the country, especially in Bengal, is well-positioned to benefit from the proposed plan by the Bangladesh authorities, and he did not foresee any diplomatic hurdle amid India's curbs on the import of garments and jute through the Petrapole border."At least 30-40 per cent of the private imports will likely be sourced from Bengal mills and traders. Bengal mills will also participate in the government tenders for 4 lakh tonnes. States like Bengal, Jharkhand, Andhra Pradesh, Odisha, and Bihar will benefit the most," he Indian rice varieties such as 'Swarna', 'Ratna', 'Miniket', and 'Sona Masoori' are expected to see price gains in both West Bengal and southern India amid the anticipated demand surge, he of 'Swarna Mansoori' parboiled rice, now at Rs 29 per kg (ex-mill), may rise to Rs 31-32, while 'Miniket' variety currently being sold at Rs 41-42, could touch Rs 45 per kg in the coming weeks, Suraj Agarwal early import plan reflects "precautionary steps ahead of possible floods during the Amon season", the stakeholders Bangladesh government has already procured 3.76 lakh tonnes of Boro paddy and 9.50 lakh tonnes of rice against a target of 14 lakh tonnes, with procurement set to conclude by mid-August, according to August, Bangladesh proposed to expand its food-friendly programme to 55 lakh families, providing 30 kg of rice per month at Tk 15 per kg during August, September, October, November, February, and March, the reports believe the development will further strengthen "India's position as Bangladesh's key rice supplier while firming up prices for low-to-medium rice varieties in the domestic market".Visakhapatnam and Paradip ports are major ones for rice exports.
