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Rice Export Ban: After wheat sugar, it is the turn of rice, know why the central government imposed a ban?

Photo:India TV Rice Export Ban: After wheat sugar, it is the turn of rice

Rice Export Ban: After imposing 20 per cent customs duty on the export of non-basmati rice, the government has decided to increase the domestic availability of the piece. Rice exports have been banned. Directorate General of Foreign Trade (DGFT) In a notification dated September 8, 2022, “the category of export of crumbled rice has been modified from ‘free’ to ‘restricted’.” This notification is effective from 9th September 2022.

Rice already loaded on the ship will get permission

The provisions under Foreign Trade Policy 2015-2020 in respect of the Transfer Policy shall not be applicable to this notification. Also, during the period from 9 to 15 September, certain consignments of piece rice will be allowed to be exported. As per the notification, only those consignments will be allowed for export during this period, the shipment of which has started on the ships prior to this notification. Earlier, the government had imposed an export duty of 20 per cent on non-basmati rice, except for Usna rice.

The decrease in the area of ​​paddy crop

The area under paddy crop has decreased significantly in the current Kharif season. In such a situation, the government has taken this step to increase the domestic supply. According to the notification issued by the Revenue Department on Thursday, an export duty of 20 per cent has been imposed on rice and brown rice in the form of paddy. This export duty will be applicable from September 9. It is worth noting that due to less rainfall in some states of the country, the area under paddy has decreased.

India is the largest producer of rice after China

India is the largest producer of rice after China. India accounts for 40 percent of the global rice trade. India exported 21.2 million tonnes of rice in the 2021-22 fiscal year. It had 39.4 lakh tonnes of basmati rice. According to official data, exports of non-basmati rice stood at $6.11 billion during this period. India exported non-basmati rice to more than 150 countries of the world during 2021-22. The rice stock which was already with the Government of India has now come down. In the coming times, the government has taken such a step so that there is no shortage of rice in India and the people here do not have to face inflation. Please note, it is not banned forever.

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