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The Economic Times
Kohinoor Foods surges 20%; LT Foods jumps nearly 7%
Rice stocks were in heavy demand on Monday, with Kohinoor Foods surging 20 per cent, after the government said the USD 950 per tonne minimum export price (MEP) on basmati rice has been removed.
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Mon, Sep 16, 2024
The Economic Times
Kohinoor Foods surges 20%; LT Foods jumps nearly 10%
The APEDA (Agricultural and Processed Food Products Export Development Authority) was requested to take immediate action to implement the decision
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Mon, Sep 16, 2024
CNBC TV18
Explained — Why stocks like KRBL, LT Foods gained up to 10% on Monday
Under the restrictions set earlier, Basmati Rice could only be exported above a set floor price, which was the MEP. The government, last year, had revised the MEP to $950 per tonne from $1,200 per tonne earlier.
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Mon, Sep 16, 2024
Business Line
LT Foods ramps up manufacturing, eyes inorganic growth opportunities
Company’s rice production facility in UK is live now; it is also doubling production capacity in the US
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Fri, Aug 30, 2024
Business Standard
LT Foods strengthens RTC, organic product lines for double-digit growth
The main markets for the company's organic range are Europe and America, which account for 85% of the brand's sales
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Fri, Aug 30, 2024
