India imposes curbs on basmati rice exports; contracts with value below $1200 a ton temporarily halted: Govt notification
economictimes.indiatimes.com
India has imposed restrictions on the export of basmati rice, following the imposition of a 20% duty on parboiled rice. The government has set a minimum export price of $1,200 per ton for basmati rice shipments. Contracts below this price will be put on hold and evaluated by a committee.

India has imposed restrictions on the export of basmati rice, following the imposition of a 20% duty on parboiled rice. The government has set a minimum export price of $1,200 per ton for basmati rice shipments. Contracts below this price will be put on hold and evaluated by a committee.

  • Mike D.
    9·
    1 year ago

    I was confused until I read this:

    The move is meant to check non-basmati exports which are prohibited but being exported in the garb of Basmati…

    • Mwalimu@baraza.africaOP
      3·
      1 year ago

      Yes, same with last year’s festive season. So it is part of a wider plan around domestic supplies, price controls, and limiting basmati fakes.

      Last month, the government banned exports of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season.