Non-basmati rice bore the brunt of export restrictions imposed in 2023
As a panel of senior ministers considers reviewing export restrictions on some rice varieties, data reveals that non-basmati rice exports have been more adversely affected than basmati since curbs were imposed in July-August last year. The panel is expected to discuss potential measures to relax these restrictions due to higher-than-necessary stocks in the central pool. However, some observers suggest that the panel might delay any decision until there is clearer information on the latest kharif paddy sowing.
As a panel of senior ministers deliberates on the need to review curbs on exports of some rice varieties, data shows that since outbound shipments saw restrictions in July-August last year, the non-basmati segment has suffered more than basmati exports.
Sources said the panel is expected to soon deliberate on a few suggestions to ease the export curbs on some rice varieties due to higher-than-required stocks in the central pool.
The panel, some observers feel, may also postpone the decision to ease the export curbs till a firm picture emerges on the latest kharif paddy sowing.
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