Indian rice exporters gain as most curbs on non-Basmati white rice lifted

KRBL

30/09/2024 06:28

** Indian rice exporters gain between 1.4% and 4% after
govt. lifts most curbs on exports of non-basmati white rice
    ** Kohinoor Foods  KOFO.NS  and Chaman Lal Setia Exports
 CLSE.NS , up 4% each, lead gains
    ** KRBL  KRBL.NS  and LT Foods  LTOL.NS  rise 1.5% and 1.9%,
respectively, while GRM Overseas  GRMO.NS  adds 3%
    ** Export curbs lifted due to above-average monsoon rains
seen boosting crop yields and overflowing stocks in state
granaries
    ** YTD, LTOL top gainer among pack with ~99% rise, while
KRBL, weakest stock, is down ~19%

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))