[Stock notes] – KRBL…impact of non-basmati rice export ban

Hello Sir, Hope you are doing well. The Govt. of India recently imposed a ban on non-basmati rice export. This has resulted in increase in demand for Basmati rice in export markets. The realizations have also increased. No wonder, major basmati rice listed stocks like LT Foods, Chaman Lal and KRBL have performed well. Source: Chaman Lal Q1 FY 24 presentation We recently went through the con-call of KRBL, the company behind the well known India Gate basmati rice brand. Below, we…

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[Stock ideas] – Basmati rice industry

Hello Sir,Hope you are doing well.Did you know? Basmati is unique to the region and is legally protected as a trade name. “Basmati” is protected under “The Geographical Indications of Goods (Registration & Protection) Act, 1999” of India, which prevents any rice grown outside of the Indo Gangetic area from being called Basmati.KRBL, LT Foods, Chaman Lal Setia are some of the major listed companies from the Basmati rice industry. They are also the the leading processors and exporters of Basmati rice.We have recommended LT…

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