Basmati rice exporters express ‘shock’ over curbs, demand urgent solution
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Photo Credit: B. Jothi Ramalingam
After the Centre imposed restrictions on the export of the aromatic, long-grain basmati rice, the rice exporters in Punjab have criticised the move, saying the decision has put the rice export sector in disarray and that it would result in huge financial losses.
The Union Commerce Ministry, last week, directed the Agricultural and Processed Food Products Export Development Authority (APEDA), the agency responsible for the regulation of the export of Basmati rice, that contracts for Basmati exports with the value of US $1,200 per metric tonne and above only should be registered for the issue of Registration-cum-Allocation Certificate (RCAC).
