In order to prevent the potential “illegal” shipment of white non-basmati rice masquerading as premium basmati rice, the government said on Sunday that it would not permit exports of basmati rice below USD 1,200 per tonne. The commerce ministry stated in a statement that it has told trade promotion agency APEDA not to register contracts […]
LT Foods, a prominent Indian-origin global FMCG company specialising in consumer food products, reported impressive financial results for the first quarter of FY24. During this period, the company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) witnessed a substantial 27 per cent year-on-year (YoY) improvement, amounting to Rs 224 crore. Additionally, the EBITDA margin rose […]
Basmati, a long-grain aromatic rice, has been grown in India for many centuries and is an unalienable part of Indian culture, religion and all occasions of celebration. India is the leading producer and exporter of Basmati rice because major amount and varieties of Basmati rice are produced in the Indian subcontinent’s Himalayan region. The particular […]
