BASMATI BLUES
Article Abstract:
According to the All-India Rice Exporters' Association (AIREA), exports of basmati rice are likely to be 5.7 lakh tonnes in 1998- 99 (same as in 1997-98). India exported 3.7 lakh tonnes in 1996- 97. Basmati rice is quoted at Rs21,000 per tonne in the domestic market. Indian basmati rice is quoted at $1,000 per tonne and parboiled basmati rice at $1,150 per tonne abroad. The exports to the Middle East countries have declined to 55 percent from 75 percent as the demand from Europe has increased. The demand for basmati rice from European countries is expected to increase by 10-12 percent. The La Nina weather conditions have affected the crop of Punjab and Haryana and the output is likely to be 15-20 percent lesser in 1998-99. (rk)
Comment:
According to the All-India Rice Exporters' Association (AIREA), exports of basmati rice are likely to be 5.7 lakh tonnes in 1998- 99 (same as in 1997-98).
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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EUROPE OBJECTS TO RICETEC PATENT
Article Abstract:
The entire rice industry of Europe has objected to RiceTec Inc of the US being permitted to use its Texmati trademark in Europe. The European rice industry feels that the consumers of Basmati rice will be confused as they think that it originates from the Indian subcontinent. The North European Rice Millers' Association has formally declared that they regard basmati as an origin- specific variety of rice from the basmati rice growing regions of India and Pakistan. RiceTec Inc, which is fighting a legal battle with India over its trademarks, Texmati and Kasmati, is getting a new trademark, Texmati American Aromatic Rice, registered in Europe. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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