Indian rice companies climb on report govt may relax export restrictions

KRBL

09/07/2024 05:24

** Shares of Indian rice companies rise on report government
considering relaxing restrictions
    ** Indian government might relax restrictions on exports of
some rice varieties, local media reported citing sources
    ** Govt may cut export duty on parboiled rice, mulls minimum
export price for basmati shipments, report adds
    ** 'Daawat' basmati rice brand owner LT Foods  LTOL.NS 
jumps 13%; 'India Gate' brand owner KRBL  KRBL.NS  rises 8.8%
    ** GRM Overseas  GRMO.NS  and Kohinoor Foods  KOFO.NS  up
6.4% and 7.3%
    ** YTD GRMO and LTOL climbed 17% and 43%, KRBL and KOFO shed
11.2% and 2% respectively

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))