Ban on export of 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 under the guise of premium Basmati rice. The commerce ministry said in a statement that it has directed trade promotion body Agricultural and Processed Food Products Export Development Authority (APIDA) not to register contracts below $1,200 per tonne. Contracts below the current $1,200 per tonne have been put on hold.
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A committee headed by Apeda will be constituted for the future. In an effort to control the retail price of rice, the central government is taking several measures to increase domestic supply.
In September last year, it banned exports of broken rice, while last month it banned non-basmati white rice. An export duty of 20 percent was imposed on non-basmati rice last week.
Along with these restrictions, India has now also banned all varieties of non-basmati rice.
According to a Commerce Ministry statement, the government has issued directions to APEDA to introduce additional safeguards to prevent possible illegal export of white non-basmati rice under the guise of basmati rice.
According to the instructions, “Contracts for export of Basmati valued at $1,200 per tonne and above should be registered only for issuance 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.