Govt eases export curbs for non-basmati white rice

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rice, atom export, export work connected rice, export curbs connected rice, non basmati rice, non-basmati achromatic rice, minimum export price, non basmati achromatic atom MEP, DGFT notification, Indian explicit news In the fiscal twelvemonth 2023-24, India exported 23.59 lakh tonnes of non-basmati achromatic rice, with the largest quantities shipped to Kenya, Mozambique, and Cameroon. (File Photo)

A time aft removing the export duty, the Centre connected Saturday revised the export argumentation for non-basmati achromatic atom from “prohibited” to “free,” but imposed a minimum export terms (MEP) of $490 per tonne. A notification to this effect was issued by the Directorate General of Foreign Trade (DGFT).

“The export argumentation of Non-Basmati White atom (semi-milled oregon wholly milled rice, whether oregon not polished oregon glazed: Other) nether HS codification 10063090 is amended from ‘prohibited’ to ‘free’ taxable to MEP of $490/tonne with contiguous effect and until further orders,” states the DGFT order.

The DGFT bid came a time aft the Centre removed the export work connected non-basmati achromatic rice. According to the notification, which came into effect immediately, the export work connected “semi-milled oregon wholly milled rice, whether oregon not polished oregon glazed (other than parboiled atom and basmati rice)” has been reduced to “nil” from the existent complaint of 20 per cent.

The Finance Ministry besides reduced the export work connected 3 categories of non-basmati rice. The export work connected atom successful the husk (paddy oregon rough), husked (brown) rice, and parboiled atom has been chopped from 20 per cent to 10 per cent, according to the notification.

India had banned the export of non-basmati achromatic atom successful July of past twelvemonth to boost home supply. While the Centre had banned shipments of non-basmati achromatic rice, it had allowed exports done the recently formed National Cooperative Exports Limited (NCEL).

In the fiscal twelvemonth 2023-24, India exported 23.59 lakh tonnes of non-basmati achromatic rice, with the largest quantities shipped to Kenya, Mozambique, and Cameroon.

During the archetypal 4 months (April-July) of the existent fiscal year, 3.96 lakh tonnes of non-basmati achromatic atom were exported, with astir 1 lakh tonnes shipped to Malaysia, followed by Guinea and Côte d’Ivoire.

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