Govt: No basmati export below $1,200/tonne

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 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..

The government has decided not to allow basmati export below $1,200 per tonne..

The committee has been asked to submit its report within a month to enable a decision on the low-value basmati rice exports...

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

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