Published 23:59 IST, September 27th 2024
Government Lifts Ban on Non-Basmati White Rice Exports, Reduces Duty on Parboiled Rice
In July 2023, the government had imposed the ban to ensure domestic supply of rice and keep prices under control.
Kolkata: The government lifted the ban on non-basmati white rice exports on Friday with immediate effect, a decision welcomed by exporters and farmers alike.
In July 2023, the government had imposed the ban to ensure domestic supply of rice and keep prices under control.
"India's bold decision to lift restrictions on non-basmati white rice exports is a game-changer for the agricultural sector," said Suraj Agarwal, CEO of Rice Villa, an exporter.
"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.
Another rice exporter, Keshav Kr Halder of Halder Group who was seeking immediate removal of the ban has lauded the government's move.
(With PTI inputs)
Updated 23:59 IST, September 27th 2024