Central government took a big decision, banned the export of basmati rice

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According to the commerce ministry statement, the government has issued directions to APEDA to introduce additional safeguards to prevent possible illegal export of white non-basmati rice in the guise of basmati rice.

New Delhi. The government has decided not to allow export of basmati rice below $1,200 per tonne to prevent possible ‘illegal’ export of white non-basmati rice in the guise of premium basmati rice. In a statement on Sunday, the commerce ministry said it has directed trade promotion body Agricultural and Processed Food Products Export Development Authority (APEDA) not to register contracts below $1,200 per tonne.

Contracts below the current $1,200 a tonne have been kept in abeyance. For the future, a committee will be constituted under the chairmanship of APEDA. In an effort to control retail prices of rice, the central government is taking several steps to boost domestic supplies. In September last year, it banned exports of broken rice, while last month it banned non-basmati white rice.

Last week, an export duty of 20 per cent was imposed on non-basmati rice. With these restrictions, India has now banned all varieties of non-basmati rice as well. According to the commerce ministry statement, the government has issued directions to APEDA to introduce additional safeguards to prevent possible illegal export of white non-basmati rice in the guise of basmati rice.

As per the instructions, “Contracts for export of basmati valued at $1,200 per tonne and above only should be registered for issue of Registration-cum-Allotment Certificate (RCAC).” As per Foreign Trade Policy, APEDA is mandated to register all contracts for export of Basmati Rice and then it issues RCAC for export of Basmati Rice.

Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.



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