Government announces more curbs as rice exports continue to spurt

The government on Sunday announced new export control measures to check the domestic prices and ensure domestic food security in rice, especially the non basmati white rice which is being misclassified for exports...

The Commerce Ministry has now asked Agricultural and Processed Food Products Export Development Authority (APEDA) to register and allot contracts for Basmati exports which cost a minimum of $1,200 per ton...

APEDA should keep contracts below this value in abeyance and evaluate them by a committee headed by its Chairman...

Up to August 17, total rice exports (except broken rice) were 7.33 million ton compared to 6.37 million ton during the corresponding period of previous year, registering an increase of 15 per cent...

Export of non-basmati white rice (export duty of 20 per cent since last year and banned from July this year), has also registered an increase of 4.36 per cent...

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