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.
Five-time champion Chennai Super Kings (CSK) had to face defeat from Lucknow Supergiants in the l
ECI: Migrant voters will not need to go to their home state in elections, and can vote anywhere
The Election Commission on Thursday said it has developed a prototype of a remote electronic voti
Seat sharing has been announced in Mahavikas Aghadi. In Maharashtra, Shiv Sena (Uddhav faction) w
Hardik Pandya once appeared on the show Coffee with Karan with his friend KL Rahul. When this sho
The Chief Minister of Assam has hit back at All-Union United Democratic Front (AIUDF) President M
The central government has appealed to Rahul Gandhi to stop the yatra. For this, the increase of
Delhi Chief Minister Arvind Kejriwal's troubles are not decreasing in the CBI corruption case rel
After the success of Kalki 2898 AD, Prabhas is away from the limelight, but there is a lot of dis
After the Pahalgam terror attack, the Indian government is in action mode. The Indo-Pak border is
Gangster Raju Theth was shot dead in Sikar, Rajasthan. Four-six miscreants shot Raju Theth near h