Broken Rice Export: Ban on export of non-adulterated basmati and broken rice lifted, DGFT takes decision


Posted on 30th Nov 2022 04:32 pm by rohit kumar

The central government has lifted restrictions on the export of organic non-adulterated basmati rice (non-adulterated basmati rice), including broken rice, to the domestic market following an increase in arrivals and softening of prices. Earlier, the government had decided to ban it so that there is no shortage of availability at the domestic level. After that, a provision was made to impose a 20 percent duty on the export of non-basmati rice. Its main objective was to ensure supply to the domestic market. A notification issued by the Directorate General of Foreign Trade, DGFT, states that the export of organic non-basmati rice, including organic non-basmati broken rice, will now continue as before the ban imposed in September.

 

 

Where is broken rice used?

 

Broken rice is used in the winemaking industry, ethanol-making industries, poultry, and animal industry. India is the largest producer of rice after China. India accounts for 40% of the global market for chickpeas. Rice exports stood at $5.5 billion from April-September in the current financial year. According to data from the Ministry of Commerce, it was $ 9.7 billion in 2021-22. India exports about 10,000-15,000 tonnes of organic rice (basmati and non-basmati) annually.

 

 

With domestic supplies softening, it has now been decided to lift the ban. The ban on exports had assumed significance during September as it appeared that the total area sown to paddy this Kharif season may be less than last year. The government then thought that prices could be affected by the possibility of a lower crop, so rice exports were banned to ensure supply in the domestic market and keep prices in check.

 

Also Read: Inflation: 'Common man' will get relief from inflation, companies can reduce prices due to cost reduction!

1 Like 0 Dislike
Previous news Next news
Other news

Kazan Khan : Malayalam's 'dreaded villain' Kazan Khan died of a heart attack

In the last few days, many stars of the South Film Industry were engulfed in death. Recently, the

IND vs ENG: 'I have 35 balls', why did Ashwin say this to Kuldeep who took five wickets? Know the whole matter

Chinaman spinner Kuldeep Yadav's confidence has increased after getting a regular place in the pl

NEET-UG Row: Government is ready to discuss the irregularities related to the exam, but...; Education Minister Dharmendra Pradhan spoke on the uproar

When the entire opposition was adamant on the demand for discussion under Rule 267 and creating a

LokSabha Polls: Venugopal claims- 'INDIA' will get 300 seats in the general elections; From PM Modi to investigating agencies surrounded

The excitement for Lok Sabha elections is at its peak in the country. Be it BJP or Congress, ever

Jaishankar met families of 8 Indians who were sentenced to death in Qatar, and said to take all possible steps for their release

Jaishankar in Qatar External Affairs Minister S Jaishankar met the families of 8 Indians who were

Rahul Gandhi: Why did the Sangh leader praise Rahul Gandhi, is the opinion of RSS changing regarding Bharat Jodo Yatra?

General Secretary of Shri Ram Janmabhoomi Teerth Kshetra Trust and top leader of Vishwa Hindu Par

Haryana Poll: Status of seats from Saini-Hooda, Vinesh to Chautala family, what are the equations on the hot seats of Haryana?

The noise of assembly elections in Haryana has stopped. Voting is on Saturday for 90 seats of the

New rules of Railways, it is mandatory to display food prices and menus in trains, Railway Minister gave information in Lok Sabha.

Railway Minister Ashwini Vaishnaw told the Lok Sabha on Wednesday that it is mandatory to display

Twisted the hand and dragged by the hair... Chaos in Delhi University, students clash over serving non-veg on Mahashivratri

On Wednesday, a dispute broke out at the South Asian University (SAU) in Delhi over serving veget

'Will Rahul Gandhi play cricket now...?' Comment on Rohit Sharma's weight created a ruckus; BJP gave a befitting reply to Congress.

India's victory celebrations against New Zealand in the Champions Trophy are continuing. Meanwhil

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash