India's rice exporters jump on higher international prices
BUZZ-India's rice exporters jump on higher international prices India's LT Foods LTOL.NS and KRBL KRBL.NS jump 12% and 8.5%, respectively
** Chaman Lal Setia Exports CLSE.NS and GRM Overseas GRMO.NS rise 9% and 4.7%, respectively
** Rice-exporting companies' shares jump on higher rice prices in international markets, as per two analysts
** KRBL and LTOL hit highest levels in about a year
** Rice prices rising on improved demand from African buyers and concerns over new-season harvest due to below-normal monsoon rainfall
** YTD, KRBL up 11.1%, CLSE up 21% and LTOL up 25%; GRMO down 44%
(Reporting by Vivek Kumar M)
Recent news on KRBL
See all newsWeak monsoon, strong export demand lift Indian rice stocks; sugar rally extends
India's rice exporters jump on higher international prices
Brief: KRBL Q4 Consol Net Profit 1.55 Billion Rupees
Brief: KRBL Says Arbitral Tribunal Delivers Award In Favor Of Reliable Trading Company
Brief: KRBL Says Appellate Authority Allows Appeals, Sets Aside Orders