Rice stocks to benefit after Govt removes ban on broken rice exportRice stocks to benefit after Govt removes ban on broken rice export

The Indian government lifted the export ban on 100% broken rice on March 7, boosting rice stocks. The move follows record-high reserves of 67.6 million tons, nearly nine times the government’s target, easing supply concerns and benefiting exporters and traders.

Allowing broken rice exports is expected to help clear excess stock while supporting demand from African nations and Asian feed and ethanol producers. The Rice Exporters’ Association estimates exports could reach 2 million tons in 2025, benefiting India’s position as the world’s largest rice exporter.

India had banned broken rice exports in September 2022 and later imposed restrictions on other grades due to poor rainfall. With a record harvest improving supply, New Delhi gradually lifted curbs, with broken rice being the last to see restrictions removed.

Here are the rice stocks most affected by the government’s export ban removal.

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Chaman Lal Setia

On March 10, 2025, Chaman Lal Setia Exports Ltd opened at ₹304.00, up 1.81% from its previous close of ₹298.60. The stock reached a high of ₹317.90 (6.47%) and a low of ₹295.80. By 3:40 PM, it traded at ₹296.50 with a market cap of ₹1,474.36 crore.

Chaman Lal Setia Exports Ltd (NSE: CLSEL), established in 1994 in Amritsar, Punjab, is a leading basmati rice miller and exporter. Engaged in rice milling and processing, it holds ‘Star Export House’ status, exporting premium basmati varieties globally since 1982.

Sarveshwar Foods

On March 10, 2025, Sarveshwar Foods Ltd opened at ₹7.41, up 1.64% from its previous close of ₹7.29. The stock reached a high of ₹7.74 (6.17%) and a low of ₹6.81. By 4:00 PM, it traded at ₹6.92 with a market cap of ₹677.34 crore.

Sarveshwar Foods Ltd (NSE: SARVESHWAR), incorporated in 2004, is part of the Sarveshwar Group. Based in Jammu and Kashmir, it processes and markets branded and unbranded basmati and non-basmati rice for both domestic and international markets.

LT Foods

On March 10, 2025, LT Foods Ltd opened at ₹350.40, up 0.06% from its previous close of ₹350.20. The stock reached a high of ₹362.00 (3.36%) and a low of ₹345.45. By 4:00 PM, it traded at ₹346.00 with a market cap of ₹12,014.95 crore.

LT Foods Ltd (NSE: LTFOODS), incorporated in the 1980s, specializes in milling, processing, and marketing branded and non-branded basmati rice. It also develops rice-based products, including organic, quick-cooking, and flavored rice, catering to domestic and international markets.

GRM Overseas

On March 10, 2025, GRM Overseas Ltd opened at ₹254.65, up 2.00% from its previous close of ₹249.65. The stock reached a high of ₹269.90 (8.12%) and a low of ₹247.50. By 4:01 PM, it traded at ₹257.50 with a market cap of ₹1,545.00 crore.

GRM Overseas Ltd (NSE: GRMOVER), incorporated in 1995, specializes in milling, processing, and marketing branded and non-branded basmati rice for domestic and international markets. The GRM Group includes subsidiaries in the UK, USA, and India, expanding its global presence.

KRBL

On March 10, 2025, KRBL Ltd opened at ₹271.45, up 0.06% from its previous close of ₹271.30. The stock reached a high of ₹278.20 (2.54%) and a low of ₹264.30. By 4:01 PM, it traded at ₹265.75 with a market cap of ₹6,082.75 crore.

KRBL Ltd (NSE: KRBL) is the world’s leading basmati rice producer with fully integrated operations, including seed development, contract farming, paddy procurement, storage, processing, packaging, branding, and marketing, ensuring quality control across the entire basmati value chain.

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Kohinoor Foods

On March 10, 2025, Kohinoor Foods Ltd opened at ₹35.04, down 2.34% from its previous close of ₹35.88. The stock reached a high of ₹36.00 (0.34%) and a low of ₹34.13. By 4:01 PM, it traded at ₹35.23 with a market cap of ₹130.60 crore.

Kohinoor Foods Ltd (NSE: KOHINOOR), incorporated in 1989, specializes in milling, processing, and selling basmati rice, wheat flour, ready-to-eat meals, simmer sauces, spices, frozen food, pure ghee, cottage cheese, namkeens, sweets, and other agri-commodities.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.