Rice Export: Central government’s strict plan to control inflation, imposed 20 percent duty on rice export

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rice export: The central government is making every effort to control inflation before the upcoming Lok Sabha and assembly elections in many states. The government had last month banned the export of non-basmati white rice with the objective of increasing availability in the domestic market and keeping retail prices under control. Non-basmati white rice accounts for about 25 percent of the total rice exported from India. At the same time, now taking another strict step, in a late night notification in the market, Usna Rice (Parboiled Rice) An export duty of 20 percent has been imposed on it. This duty on the export of rice will be effective from 16 October. This decision has been taken by the central government in view of the crisis on paddy production due to excess rains in Punjab and Haryana and less rains in eastern India. Duty exemption will be available on uncooked rice lying in the customs ports, which have been cleared by LEO (Late Export Order) has not been given and which are supported by LC (Letter of Credit) valid before 25th August, 2023. With these restrictions, India has now banned the export of all varieties of non-basmati rice.

India exports rice worth $4.8 billion

Rice exports have a major share in India’s total exports. If we estimate according to the prices, then in the year 2022-23, the total export of basmati rice of the country was 4.8 billion US dollars. Talking about the last financial year, the export of non-basmati last year was 6.36 billion US dollars. At the same time, India’s rice production is estimated to increase to 135.54 million tonnes in the year 2022-23, which was 129.47 million tonnes in the previous year.

India accounts for 67 percent of parboiled rice exports in the world

According to the Trade Promotion Council of India, in the year 2022-23, non-basmati white rice and white rice banned by the Government of India accounted for 46 percent of India’s total rice exports. If we talk about the export market of rice, then in 2022-23, India exported the maximum in the top 10 markets only. India’s parboiled rice exports accounted for 67 percent of the world’s top 10 markets. In which India exported 47 percent of rice to Benin (12 percent), Bangladesh (9 percent), Guinea (9 percent), Cote de Ivory (9 percent) and Togo (8 percent). The share of exports to Somalia, Liberia, Djibouti, Sierra Leone, Sri Lanka was 20 percent. In the year 2022-23, 59 percent of the banned non-basmati white rice was exported to the top 10 markets alone. Its top five export markets were Benin (8 percent), Kenya (8 percent), Madagascar (8 percent), Cameroon (6 percent) and Cote d’Ivoire (6 percent). The remaining 23 percent was exported to the markets of Mozambique, UAE, Vietnam, Angola and Nepal.

Year wise export of different types of rice

,in million dollars,

Item 2022-23 2021-22 Year-on-year growth (in percentage)

Basmati Rice 4,787.50 3,537.49 35.34

Usna Rice 2,994.20 2,764.69 8.3

Non-Basmati 2,203.52 2,000.39 10.15

white rice

Kinki (broken rice) 983.47 1,132.94 -13.19

Brown Rice 9.01 23.25 -61.24

Source: APEDA-DGCIS

India is among the top 10 rice producing countries in the world

Globally, rice is the second largest producer after sugarcane and maize. Rice is the staple food of more than half of the world’s population, with Asia, sub-Saharan Africa and South America being the largest consumers of rice. According to the World Population Review and World Economic Forum, only 10 countries produce more than 80 percent of the world’s rice and all these rice producing countries are located in Asia. Rice is produced in many countries of the world, but China and India are the two top rice producing countries in the world and together they produce more than half of the total global rice. According to an estimate, by the end of 2022, the world production of rice is about 515 million tonnes, which shows an increase of 0.23 percent in global production. According to the US Department of Agriculture (USDA.gov), a record rice production of 520.5 million tonnes is estimated in 2023-2024. India remained the world’s largest rice exporting country. If we talk about imports, the sub-Saharan Africa region imports the most rice in the world.

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