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Commodity Market, Commodities News Today | The HinduBusinessLine

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 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 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
Rice exporters seek Goyal’s intervention on China GMO issue
2026-04-27 · via Commodity Market, Commodities News Today | The HinduBusinessLine
The move by the Chinese authorities has caused significant financial losses to Indian exporters

The move by the Chinese authorities has caused significant financial losses to Indian exporters | Photo Credit: SRINATH M

Seeking the government’s intervention for the revocation of the temporary suspension of the three Indian companies by China on a false allegation, a rice exporters’ body of Chhattisgarh has requested Commerce Minister Piyush Goyal to intervene and safeguard their interests.

“In view of the seriousness of the situation, the Rice Exporters Association of Chhattisgarh (TREACG) has made an urgent request to Commerce Minister Piyush Goyal to intervene and safeguard the interests of Indian rice exporters,” the exporters’ body said in a statement referring to the rejection of non-Basmati rice consignments by China.

GMO concerns

Expressing serious concern over the ongoing issue of alleged GMO detection in Indian rice consignments exported to China, it has been claimed that the move by the Chinese authorities has caused significant financial losses to Indian exporters.

Quoting a communication from the Indian Council of Agricultural Research (ICAR) sent to the government’s agri-export promotion body APEDA, TREACG said that no genetically modified (GM) rice has been approved for commercial cultivation in India. “No GMO-related research is being undertaken in any rice programme under ICAR. All rice varieties cultivated and exported from India are non-GMO,” it said, adding this reaffirms India’s position as a trusted global supplier of non-GM rice.

However, despite this clarity, several consignments have faced issues at Chinese ports, it said, pointing to detention and rejection of shipments, heavy demurrage, and return freight costs. Due to “Back to Town” or diversion of cargo to alternative markets, there is increased contractual risk and trade uncertainty, TREACG said.

On April 16, APEDA informed three Indian rice exporting companies that they have been temporarily suspended by GACC (China’s customs department) in connection with the GMO issue, said TREACG.

Specific pleas

The intervention sought by the exporters from the minister included diplomatic engagement with GACC to resolve the GMO testing issue, issuance of a clear trade advisory, recognition of load port non-GMO certification as final and binding, temporary suspension of contract registration for China and relief for affected exporters.

businessline reported on April 17 that China cancelled import licenses of three Indian companies, a month after rejecting their rice consignments, claiming those had traces of genetically modified organisms (GMO).

Published on April 27, 2026