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
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    101 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
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      31 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
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        31 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.

    • MwalimuOP
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      21 year ago

      What became of the tradition? We always start stocking tissue-paper …

  • Mike D.
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    51 year ago

    I was confused until I read this:

    The move is meant to check non-basmati exports which are prohibited but being exported in the garb of Basmati…

    • MwalimuOP
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      31 year ago

      Yes, same with last year’s festive season. So it is part of a wider plan around domestic supplies, price controls, and limiting basmati fakes.

      Last month, the government banned exports of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season.