Published 03:02 IST, September 28th 2024
Centre Lifts Ban On Export Of Non-Basmati White Rice After Over 14 Months
The Narendra Modi-led government at the Centre, on Friday, lifted the ban on the export of non-basmati white rice with immediate effect.
Kolkata: The Narendra Modi -led government at the Centre, on Friday, lifted the ban on the export of non-basmati white rice with immediate effect. The central government issued a notification regarding the lifting of the ban, which was imposed in the month of July last year. The decision was welcomed with open arms by the exporters, who called the decision a “game-changer”.
Notably, the ban has been lifted after over 14 months, which was imposed on July 2023, by the central government 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 to 10 per cent from 20 per cent, 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.
Updated 03:02 IST, September 28th 2024