Hassad Food, a unit of Qatar Investment Authority (QIA), said it has acquired a majority stake in Indian rice seller Bush Foods Overseas, which also specializes in value added processed foods and international brands.
Radikal, a leading Indian exporter of high-quality, nutritive and healthy food products, has announced that it is firmly on course with its aggressive expansion strategy to reach 65 countries, including those in the GCC, by end-2013.
The UAE should diversify its rice imports to avoid a drop in supply as the lion's share of the grain is being bought from India, a study from the Ministry of Foreign Trade said.
Last year the UAE imported 8.8 million ton
India slapped export taxes on basmati rice and other products as the government unveiled a series of moves to tackle inflation fuelled by the rise in food prices.
Finance Minister Palaniappan Chidambaram put various measures before parliam
A leading UAE businessman has stepped into the row over India's ban on the non-basmati rice exports claiming it will hit Gulf NRIs.
Abu Dhabi Chamber of Commerce board member and prominent businessman M A Yusuffali has written to the India
India is likely to export 4.4 million tonnes of rice in 2007, almost the same as a year ago, the United Nation's Food and Agricultural Organisation (FAO) said in its latest outlook.
The report said Indian rice export prices were expected t