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KRBL Ltd, maker of the India Gate brand, plans to expand its premium non-basmati varieties and rice bran oil production, currently about 50 tonnes a day. The company expects 20% turnover growth in FY23 on better basmati realisations, and basmati prices are reported up 10-15% this year.
Higher basmati prices tied to a smaller crop reflect firm rice values, though this company interview mainly describes corporate strategy rather than a new supply shock.
business-standard.comSanjeeb MukherjeeNov 13, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
