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.

  • Mwalimu@baraza.africa
    ·
    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.