India banned the export of broken rice


India banned the export of broken rice

India banned the export of broken rice and imposed a 20 per cent export duty on non-basmati rice except for parboiled rice to boost domestic supplies in September.

"In order to ensure adequate availability of broken rice, Govt. of India has amended the export policy of broken rice (under HS Code 10064000) w.e.f 9th Sep, 2022 from 'Free' to 'Prohibited' as per Notification No. 31/2015-2020 dated 8th Sep, 2022 with certain relaxations during the period 9th-15th Sep, 2022 only for cases where loading of consignment has commenced before this Notification, shipping bill is filed and vessels have already berthed or arrived and anchored in Indian ports and their rotation number has been allocated before this Notification, consignment has been handed over to the Customs before this Notification and is registered in their system," it said.

Defending India's move to ban the rice, the Centre said that there has been a rise in global demand for broken rice due to the geo-political scenario which has impacted price movement of commodities including those related to animal feed.

"Export of broken rice has increased by more than 43 times in past 4 years, 21.31 LMT exported from April-August 2022 compared to 0.51 LMT in the same period in 2019, with significant jump in 2021-22 over last year. In the year 2021, the quantity exported was 15.8 LMT (April-August, 2021). Prices of broken rice rose significantly in the current year," the Consumer Affairs, Food & Public Distribution Ministry said.


No comments:

Post a Comment