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Commodity Market, Commodities News Today | The HinduBusinessLine

Basmati exporters urge govt to suspend ₹83/tonne levy amid delayed payment, shrinking margin India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? Crude unlikely to return to pre-war levels soon; India's import bill may rise $70 billion annually: Report US shuts down Iran’s maritime trade despite optimism for more talks Brent crude edges up ahead of fresh US-Iran talks Global fertilizer supply crunch tightens farm economics Crude oil prices fall for a second day on expectations US-Iran talks may resume Russian crude oil imports rebound in March as PSU refiners lift record volumes Oil prices hit record high in March as refiners try to replace West Asian grades: IEA India’s gems and jewellery exports plunge 35% in March on weak demand Inflows into gold ETFs turn positive in past fortnight India’s Russian oil imports surge to €5.3 billion in March on higher volumes Russia restricts helium exports as global supply tightens amid Middle East tensions India’s oil security under pressure as West Asia crisis exposes import dependence risks Fuel price freeze: ₹18/litre loss on petrol, ₹35 on diesel Iran oil hoard at sea shields China’s refiners from US blockade Oil declines as US, Iran weigh more talks; US blockade of shipping to and from Iranian ports in place IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy
Madhya Pradesh CM says basmati rice from the State is exp...
2026-04-14 · via Commodity Market, Commodities News Today | The HinduBusinessLine
Madhya Pradesh Chief Minister Mohan Yadav

Madhya Pradesh Chief Minister Mohan Yadav | Photo Credit: -

At a recent gather of thousands of farmers at Raisen in Madhya Pradesh, State Chief Minister Mohan Yadav proudly said that the district exported Basmati rice to 47 countries. This is despite the State not being recognised as Basmati growing State under the Geographical Indications (GI) definition. Even as the matter is yet to be settled legally, Yadav’s mention of export happening from Raisen may weaken India’s case globally as no major importing country is yet to recognise its Basmati GI despite APEDA spending huge sum in past many years.

The issue of including Madhya Pradesh in the GI area is an emotive issue in the State, first raised by Union Agriculture Minister Shivraj Singh Chouhan, when he was chief minister, as the State government had filed a case in GI registry for its inclusion in the geographical area. Under the GI law, even if farmers grow Basmati varieties outside the demarcated GI area, those cannot be sold as Basmati, making it difficult to get exported.

But Opposition Congress leader Digvijaya Singh last month threatened to go on a hunger strike if the State’s farmers do not receive the GI benefits for their Basmati rice. He wrote to Prime Minister Narendra Modi seeking GI tag for Basmati rice produced in Madhya Pradesh.

Pending with Madras HC

Asked on the demand of Singh, Chouhan said: “You know the matter is in court. We are fighting for the GI. But, this Basmati (GI) issue is not only of India, even Pakistan is involved. They (Pakistan) also object. But, we have been continuously trying to resolve it.”

After a prolonged hearing for years, in February 2016, the Chennai-based GI registry issued the GI certificate to APEDA for Basmati rice, under which the recognised area included some districts of Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana, western Uttar Pradesh, Uttarakhand and Delhi. The Order was upheld by GI appellate tribunal, dismissing the appeal of MP government for the state’s inclusion.

When the matter reached Madras High Court, in 2020, the MP state government was asked why it did not approach the Registrar of Trade Mark seeking cancellation or modification in the GI Certificate issued to APEDA since it was a statutory remedy. The High Court dismissed the petition. But MP moved to the Supreme Court, which in September 2021 set aside the High Court order and remanded the matter back for fresh consideration, preferably within three months. Since then, the matter is pending.

Rajasthan’s claim

As global trade policy moved away from multilateral to bilateral after 2016, it was a huge opportunity to register Basmati GI in several countries between 2009 and 2016, had India resolved the issue at least for the undisputed area.

Sources said that there was a local organisation of Bundi in Rajasthan which also had filed a case in GI registry for the district’s inclusion as a Basmati grower. However, APEDA persuaded it to withdraw the petition, but it could not do so in case of Madhya Pradesh due to Chouhan’s insistence for the state’s inclusion, the sources added.

India exported 6.07 million tonne of Basmati rice during April-February of 2025-26 fiscal, same as was in entire 2024-25 fiscal. In value terms the Basmati export was $5.27 billion (or ₹46,403 crore) till February in FY26.

Published on April 14, 2026