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.
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...
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.
Goddamnit I dont like eating those shitty sticky small rice. Wtf india ? Already prices of everything is going up and now this. Hate being poor :(
