India imposes curbs on basmati rice exports; contracts with value below $1200 a ton temporarily halted: Govt notification
economictimes.indiatimes.com
India has imposed restrictions on the export of basmati rice, following the imposition of a 20% duty on parboiled rice. The government has set a minimum export price of $1,200 per ton for basmati rice shipments. Contracts below this price will be put on hold and evaluated by a committee.

India has imposed restrictions on the export of basmati rice, following the imposition of a 20% duty on parboiled rice. The government has set a minimum export price of $1,200 per ton for basmati rice shipments. Contracts below this price will be put on hold and evaluated by a committee.

  • livus
    10•1 year ago

    Oh no I was hoping it would not extend to the basmati. Still, I shouldn’t complain. It is the parboiled and broken rice to low income countries which are more concerning.

    • MwalimuOP
      3•1 year ago

      Seems there might be more strains if farm produce is lower than expected. Onions too are under 40% export tax in an attempt to increase domestic supplies.

      The present price rise has two aspects to it: first is the shortage in stored produce; the second has to do with lower-than-expected acreage of the bulb itself. Unlike other vegetables such as okra or beans, onions are not grown around the year.

      • livus
        3•1 year ago

        Wow, this will effect 12% of global onions. Thank you for the article.

        Between weather and war, global food supplies are strained this year. It is very concerning.