Basmati Rice Exports may Pick up as Saudi Arabia likely to Ease rules

NEW DELHI: India’s basmati-rice exports are expected to pick up, as key importer Saudi Arabia is set to adopt easy residue parameters to take delivery of consignments. With India taking steps to reduce the deposit of harmful chemicals on rice, local authorities expect the European Union also step up imports from India. India is the
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In the same week that Saudi Arabia made a veiled threat to use oil as a political weapon, the U.S. offered another reminder of its growing energy independence as government data showed shale oil production is forecast to reach a fresh record in November. Production from the nation’s major shale plays is expected to rise
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OSLO/MUMBAI: Höegh Autoliners’ reliable, direct service and new equipment was the perfect mix to transport a Turbine from India, for a Sugar Plant project in Saudi Arabia. Direct, reliable RoRo service The freight forwarder chose Höegh Autoliners for the ocean transportation because of the direct, reliable connection from Mumbai to Jeddah offered in the India
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Hedge fund managers are increasingly betting Saudi Arabia and its allies cannot or will not replace all the crude lost from the market when U.S. sanctions on Iran go into effect fully from November. Hedge funds and other money managers increased their combined net long position in the six major petroleum contracts by another 50
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Top oil exporter Saudi Arabia pumped around 10.290 million barrels per day of crude in July, two OPEC sources said on Friday, down about 200,000 bpd from a month earlier. The amount of oil supplied to the market in July was slightly higher at 10.380 million bpd, the sources said. Supply to the market –
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NEW DELHI: Basmati Rice exporters have sought the intervention of the Centre to take steps to resume export to Saudi Arabia. Saudi Arabia, the second largest importer of basmati halted Rice imports from India since June for non-compliance with its new stringent maximum level of pesticide residues in food items. Indian authorities are set to
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Saudi Arabia’s energy minister said on Wednesday that the world’s biggest exporter of oil will not sit by and let another supply glut surface, but also does not want oil prices to rise to “unreasonable levels”. Members of the Organization of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand,
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Saudi Arabia, the world’s top oil exporter, plans to keep its crude oil shipments in May below 7 million barrels per day (bpd) for the 12th consecutive month, the Saudi Energy Ministry said. Saudi Arabia has been pumping below its OPEC target since January and reducing its crude shipments, particularly to the United States, as
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Top oil exporter Saudi Arabia is expected to cut prices for all crude grades it sells to Asia in May to reflect weaker prices for its Middle East benchmark Dubai crude, trade sources said on Monday. The official selling price (OSP) for flagship Arab Light crude could fall by 50-70 cents, to the lowest in
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In the current financial year, it supplied 38.9 million tonnes, says Oil Minister Dharmendra Pradhan In a written reply to a question in Lok Sabha, Iraq has overtaken Saudi Arabia by a wide margin to become India’s top crude oil supplier, meeting more than a fifth of the country’s oil needs in the current financial
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