Business News | India Allows Export of Select Varieties of Rice to Tanzania, Djibouti, Guinea Bissau
Get latest articles and stories on Business at LatestLY. The central government has permitted exports of 30,000 tonne of non-basmati white rice to Tanzania, besides 30,000 tonne of broken rice to Djibouti and 50,000 tonne of broken rice to Guinea Bissau.
New Delhi [India], March 4 (ANI): The central government has permitted exports of 30,000 tonne of non-basmati white rice to Tanzania, besides 30,000 tonne of broken rice to Djibouti and 50,000 tonne of broken rice to Guinea Bissau, an official notification showed.
The exports of these commodities to these countries are permitted through National Cooperative Exports Limited, the Directorate General of Foreign Trade said in its notification.
Notably, the export of non-Basmati white rice was prohibited in July 2023 to check domestic prices and ensure domestic food security.
Earlier, India allowed the export of such a variety of rice to Nepal, Cameroon, Cote d'Ivoire, the Republic of Guinea, Malaysia, Philippines, Seychelles, UAE, Singapore, Comoros, Madagascar, Equatorial Guinea, Egypt, and Kenya, though with varying quantities.
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While initially amending the rice export policy, DGFT maintained that the export would be allowed based on permission granted by the government to other countries to meet their food security needs and based on the request of their government.
West African country Benin is one of the major importers of non-basmati rice from India. Other destination countries are UAE, Nepal, Bangladesh, China, Cote D' Ivoire, Togo, Senegal, Guinea, Vietnam, Djibouti, Madagascar, Cameroon Somalia, Malaysia, and Liberia.
In late August, India also introduced additional safeguards by way of imposing a minimum floor price on exports of basmati rice so as to prevent exports of non-basmati white rice, which was already under the prohibited category since July.
Recently, the central government extended the 20 per cent export duty on parboiled rice till March 31, 2024. Rice which is partially boiled with husk is called parboiled rice.
Initially, the duty was introduced on August 25, 2023, and was due to remain effective till October 16, 2023, aimed at maintaining adequate domestic availability and checking its price.
India in September 2022 banned the exports of broken rice and imposed a 20 per cent duty on exports of non-Basmati rice, except for parboiled rice amid concerns about low production due to a fall in area under the paddy crop. It later lifted the ban in November. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)