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Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine

IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy BALCO deploys AI humanoid agent for real-time training, operations and safety Om Power Transmission IPO subscribed 3.33 times on final day Broker’s call: Anand Rathi Wealth (Neutral) Broker’s call: Paytm (Outperform) Pakistan Stock Exchange plunges 5,000 points after US-Iran talks fail NSE gets MCA approval to launch National Coal Exchange of India Citius TransNet Investment Trust's ₹1,105-cr IPO to open on Apr 17 NSE gets MCA nod for coal exchange entity name Coal stock adequate for 90 days available: Union Coal Minister Kishan Reddy Rupee falls most in two weeks as oil spikes on US move to blockade Iran ports India auctions 46 critical mineral blocks, launches 7th round with 19 more: G Kishan Reddy Dalal Street midday: Sensex, Nifty down nearly 1%, Reliance, Eicher among top laggards, auto, oil Stocks weigh Iranian crude returns to India after seven years as tankers dock at key ports Sensex, Nifty pare early losses but stay in red at noon; Auto, Financials drag India's March palm oil imports fall 19% to three-month low Government bonds slump after US-Iran peace talks falter Failure of US-Iran talks set to weigh on risk assets Monday Failure of US-Iran truce talks: Rupee opens 57 paise weaker RBI criticises banks’ rupee arbitrage trades Crude oil futures rise as US moves to blockade Iranian ports Gold falls on stronger dollar, fading Fed rate-cut hopes Crude oil jumps 7% to above $100 on US’ maritime blockade on Iran Japan’s benchmark bond yield jumps to 29-year high as US-Iran talks collapse How govt policy initiatives to impact shares of EV makers, oil exporters Stock Market Highlights: Sensex ends at 76,776; Nifty 50 down 226 pts (0.94%) at 23,823 Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector Brokers’ ISF explores unified documentation framework to ease compliance burden K-shaped trend emerges in jewellery as premium demand stays resilient Retail investors give recent IPOs a miss due to lack of bumper listing gains Inconclusive US-Iran talks, oil prices, inflation data to dictate investors' sentiment: Analysts FPIs extend sell-off in April; pull out ₹48,213 crore in 10 days After hitting rock bottom, Indian stock market is on its way to a speedy recovery, says Vallum Capital Gold vs equities: Does the yellow metal hold edge despite softening shine? The new gold rush: Why investors are moving from jewellery to digital FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months 5paisa Capital's ₹469 crore rights issue oversubscribed 1.24 times Shriram Finance’s credit rating climbs after MUFG investment SEBI chief reaffirms open-door policy for global capital SEBI launches three new IT platforms to transform regulatory landscape India allows Iranian oil tankers to berth at Sikka port under special exemption US expected to extend waiver for Russian oil imports amid global energy price concerns Sharp fall in prices hit gold ETF inflows in March India to continue buying Russian crude oil Sun Pharma shares down 4 per cent on reports of overtures for US-based Organon Greenlight open market buybacks, but stay cautious TCS shares down 3.2% despite Q4 profit growth and deal wins SEBI uncovers ₹2,950-crore Ponzi-like network, fines Trdez ₹1 crore SIP inflows hit record high in March despite market turbulence Broker’s call: JM Financial (Buy) Inflow in equity MFs surges 56% to ₹40,450 crore in Mar amid geopolitical tensions, mkt volatility Markets snap six-week losing streak; all eyes on US-Iran talks Corporate governance must empower people, says Arundhati Bhattacharya BSE shares hit 52-week high, what is driving the surge? 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APEDA releases SOP on rice export to China, orders for immediate compliance
By Prabhudatta Mishra · 2026-06-12 · via Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine

APEDA has issued a new SOP for rice exports following China’s rejection of non-basmati consignments over alleged GMO (genetically modified organisms) contamination. It has begun to enforce the new procedures from Tuesday (June 9). Keen to protect its footprint in a lucrative neighbouring market that shows strong demand for Indian broken rice, the trade body is acting to cushion the sector against falling export volumes in parts of Africa.

In a notice on June 8, APEDA general manager Vinita Sudhanshu said that in order to ensure compliance with the sanitary and phytosanitary requirements for the export of rice to China, a procedure has been developed for the guidance of exporters and other stakeholders.

“The procedure shall come into effect for all RCAC applications received by APEDA from June 9 onwards and shall be applicable to all rice consignments intended for export to China,” she said asking exporters to ensure compliance with the prescribed requirements.

Africa saturated

Welcoming the issuance of the standard operating procedure (SOP), The Rice Exporters Association President B V Krishna Rao said China is an important market as Africa is saturated to meet its concerns of GMO. However, speaking to businessline, Rao said that the export contracts already concluded and shipments presently under execution should be allowed to continue until July 31 as a transitional arrangement under the new system. He suggested the SOP may be implemented from August 1 to provide sufficient time to exporters.

At the meeting of the Non-Basmati Rice Development Fund (NBDF) in May last week, a section of exporters said that some African countries such as Senegal, Burkina Faso, Benin and Sudan have taken restrictive measures to reduce rice imports, which has adversely impacted Indian non-Basmati rice, sources said.

APEDA Charman Abhishek Dev, while addressing the NBDF committee, asked rice exporters to represent at African trade events independent of APEDA’s participation, the sources said. Dev also stressed on the need to diversify rice exports toward high-potential markets such as the Philippines, Indonesia, and China, where India’s share is yet to reach its true potential. Exporters need to incentivise farmers to grow the varieties demanded in these destinations, he said.

Unrelenting China

When some exporters raised the issue of rejection of consignments by China, Dev told them that meeting with General Administration of Customs of the People’s Republic of China (GACC) has been held and in that meeting APEDA clarified that India is a non-GMO country for rice. India also shared with GACC confirmation by ICAR and GEAC that there is no availability of GMO rice seeds, nor any commercial cultivation of GM rice in India was ever allowed.

But, industry sources said that since China did not budge from its stand, India had issued the SOP to get a testing done for GMO so that a uniform procedure is followed by all exporters.

According to the SOP, the export of rice to China shall be allowed only from the rice mills/processing units registered with Directorate of Plant Protection, Quarantine and Storage (DPPQS), in accordance with the 2016 Order. The DPPQS under the Department of Agriculture and Farmers Welfare registers the rice mills/processing units for export to China. Indian exporters are also mandated to either register with GACC or have to source rice only from GACC-registered facilities.

APEDA has also stipulated that exporters shall continue to obtain Phytosanitary Certificate issued by DPPQS prior to export to China. “Export consignments of rice shall be allowed to be shipped to China only after testing by laboratories recognized by APEDA having scope of accreditation for GMO analysis in rice,” it said.

Surging exports

Exporters shall have to apply to recognised laboratories for drawing and testing of samples for GMO analysis under a specific format. After sampling, the lot shall not be shifted/relocated by the processing unit or exporter to another location, it said.

Only after conformity of the sample, the exporter will apply for the Registration-cum-Allocation-Certificate (RCAC) by submitting the Certificate of Analysis to APEDA.

India had exported 315,193 tonnes worth $103.90 million (Rs 922.15 crore) of non-basmati rice to China in 2025-26, against 180,805 tonnes worth $79.43 million (Rs 677.87 crore) in 2024-25. As China had restrictions on Indian rice through non-tariff barriers, the export was less till 2019-20 – only 567 tonnes in 2019-20, but it surged to 331,571 tonnes in 2020-21 after it removed those curbs.

Published on June 12, 2026