Indian rice firms gain on removal of export curbs

KRBL

24/10/2024 06:29

** Shares of India's rice stocks uptick after New Delhi
removes floor price for non-basmati white rice exports 
    ** Removal of floor price will make Indian supplies
competitive, as restrictions, to sell relatively cheaper grades
of the staple in world markets, no longer exists 
    ** "Kohinoor" brand owner Kohinoor Foods  KOFO.NS  jumps 5% 
    ** GRM Overseas  GRMO.NS  and Chaman Lal Setia Exports
 CLSE.NS  rise 3.8% and ~2% respectively    
    ** KRBL  KRBL.NS , which houses "India Gate" brand, climbs
2.4% respectively 
    ** "Daawat" parent LT Foods  LTOL.NS  up 1% 
    

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