Updated 06:35:00 IST 13 Feb 2012
With the increased demand for the Indian basmati rice in Saudi Arabia, Iran, Kuwait and the UK, exporters have turned bullish on the prospects of the premium variety.
World's most favorite alcoholic beverage, beer, continues to be the hot favorite of people around the globe and is expected to grow with the recovering economies, according to a report by Global Industry Analysts, Inc.
Due to high rice supplies from India, Vietnam, second-biggest exporter of rice, lowered the grain price to keep up exports and trying to take over Thailand position as the world’s biggest exporter.
Due to reduced use of wheat in India food, the global consumption is reduced by 1 million tons, according to the latest USDA WASDE report.
