Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The Directorate
General of Foreign Trade (DGFT) removed the $490 a tonne minimum export price
on non-basmati white rice with immediate effect. Similarly, the Department of
Revenue removed the export duty on par-boiled rice.
The government introduced restrictions on rice exports in 2022. Last
month, it removed non-basmati white rice from the prohibited list to free,
subject to a minimum export price of $490 a tonne and reduced the export duty
on par boiled rice to 10% from 20%
India implemented a
floor price and lifted a general prohibition on non-basmati white rice exports
to other countries on September 28. With the two
decisions since October 22, the Indian government has removed almost all the
barriers to rice exports that had been in force since September 2022. The ban
on exports of broken rice remains in place.
These measures came
at a time when the public Godowns of the country have ample stock of rice with
retail prices remaining stable.
