KRBL, Kohinoor Foods, LT Foods, and Chaman Lal Setia Exports shares shrugged off overall weakness on Dalal Street after the government lifted a ban on exports of non-basmati white rice—a specific variety of everyday rice.
Basmati rice exporters buzzed in Monday's trade on Dalal Street after the central government removed a ban on the export of non-basmati white rice while imposing a minimum export price (MEP) of $490 per tonne on the category. Stocks like KRBL, Kohinoor Foods, LT Foods, and Chaman Lal Setia staged strong moves during the session. In afternoon deals, KRBL was up 1.4 per cent, Kohinoor Foods up 14.1 per cent, LT Foods 2.0 per cent, and Chaman Lal Setia up 3.7 per cent. Many analysts said that the lifting of the ban, which restricted traders from exporting non-basmati white rice, is a much awaited move that is positive for the segment.
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