China has started importing Indian rice after a gap of two years and placed orders for the shipment of about 5,000 tonnes of non-basmati rice due to competitive prices offered by India compared to other nations, the All India Rice Exporters Association said.
A head of its meeting, the Reserve Bank of India (RBI) can take some solace from the softening food commodity prices. However, the events surrounding the last few weeks show that the fall may not be uniform across all commodities, and cereals like wheat and rice could be the outliers. A Reuters report said that local wheat prices jumped to a record Rs 23,547 per tonne on Wednesday. That is a 12 per cent rise from the recent lows that followed the government's surprise ban on exports on May 14.
In a bid to provide assistance to fashion designers, the Small Industries Development Bank of India will create a Rs 50 crore (Rs 500 million) corpus to lend to the sector.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances