USDA-APHIS notified a new phytosanitary regulation for the entry of rice from various countries including India, Pakistan and Bangladesh.
The cheapest rice variety in Atlanta is $13.99 (Sona masoori) while it costs one third in India
The restriction was on commercial and non-commercial shipments of rice into the US from countries where the Khapra Beetle (Trogoderma granarium) is prevalent
Thaiiland, Vietnam prices are high - Indian Exporters have good business opportunities
The exporters can now compete very well - Congrats to government for easing the export ban
Then We got o see how the prices in the Indian domestic market will be ?????
Bangladesh is the biggest buyer of rice in south asia
Contact more details from: The Bangladesh Directorate General of Food
The global rice trade may total 33.2 million tons in the year from Jan. 1 from 31.6 million tons in 2010, according to the U.S. Department of Agriculture. Thailand and Vietnam are the two largest exporters, while India, which ended an export ban, is forecast to overtake the U.S. and Pakistan to become the third-largest shipper, according to USDA data on Sept. 12.
Two million tons of each Rice & Wheat permited by Government of India for exports
as Indian storage capacity is over flowing with stocks of these commodities
New Delhi's move to export non-basmati or cheaper grades of rice couldn't have come at a better time for buyers, with benchmark rice climbing to a three-year top last week on expectations of intervention by the new Thai government - thai food prices are very high...so their government wants to restrict exports !