India

India lifts ban on export of non-basmati white rice, traders hail move

Exporters hailed the decision, dubbing it a "game-changer" for the sector.

Kolkata: The Centre lifted the ban on the export of non-basmati white rice on Friday with immediate effect, according to a notification.

In July 2023, the government imposed the ban to ensure the domestic supply of rice and keep prices under control.

Exporters hailed the decision, dubbing it a “game-changer” for the sector.

“India’s bold decision to lift restrictions on non-basmati white rice exports is a game-changer for the agricultural sector,” said Rice Villa CEO Suraj Agarwal.

“This strategic move will not only boost the income of exporters but also empower farmers, who can expect higher returns with the impending arrival of the new kharif crop,” he said.

The government has also reduced the export duty on parboiled rice from 10 percent to 20 percent, the notification said.

Another rice exporter, Keshab Kr Halder of Halder Group who was seeking immediate removal of the ban lauded the government’s move.

This post was last modified on September 28, 2024 8:07 am

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Press Trust of India (PTI) is India’s premier news agency, having a reach as vast as the Indian Railways. It employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.

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