NEW DELHI: Authorities Saturday lifted blanket ban on export of non-basmati white rice whereas imposing a minimal export worth (MEP) of $490 per tonne on the grain. This got here a day after it halved export responsibility on parboiled rice to 10%. The 2 consecutive choices will push outbound cargo of the important thing foodgrain simply forward of an estimated bumper summer time crop and when shares at FCI warehouses are at capability.
Merchants mentioned they’ve began receiving calls from abroad as quickly as govt order grew to become public. India is world’s largest exporter of rice.
Govt had banned export of non-basmati white rice in July 2023 and had additionally imposed a 20% responsibility on parboiled rice exports amid concern of discount in paddy manufacturing on account of below-normal rainfall. Rice export was allowed solely to some nations via diplomatic channels to fulfill their meals safety requirement.
Just lately authorities had additionally eliminated ban on export of onion and MEP for basmati rice.
