The Government of India has lifted the ban on the export of organic non-basmati rice.
Due to increase in the supply of rice in the domestic market, its prices have also come down.
Now the same rules will apply on the export of rice before the ban on exports in September.
New Delhi. The Central Government on Tuesday lifted the ban on export of organic non-basmati rice after softening of rice prices in the domestic market. Due to increase in the supply of rice in the domestic market, its prices have also come down. The government has now lifted the ban on export of non-basmati varieties of rice, including broken rice.
Let us tell you that in the beginning of September, the Indian government had banned the export of organic non-basmati and broken rice with the aim of increasing the availability of rice in the domestic market. To stop the rise in the prices of rice in the domestic market, the government had decided to increase the duty on its export to 20%.
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Why was there a ban on rice export?
This year, due to less than average rainfall in some states of the country, the sowing area of paddy had decreased. This affected the production of rice. In view of this, the government had banned the export of broken rice and organic non-basmati rice to increase the domestic supply. India is the largest exporter of rice in the world. During the year 2020-21, India had exported rice to more than 150 countries. India has 40 percent participation in the global trade of rice.
Export will now be done by earlier rules
The Directorate General of Foreign Trade said on Tuesday that the earlier rules will now apply to the export of broken rice and organic non-basmati rice. Explain that due to the sudden ban, a large quantity of rice stock was stuck at the ports.
FIRST PUBLISHED : November 30, 2022, 12:18 IST