After curbs, non-basmati rice exports fell sharper than basmati rice
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Even as the Centre launched ‘Bharat’ rice priced at Rs 29 a kilogram across India on Tuesday, a data collated by traders and market participants showed that the government’s decision to curb exports of basmati and non-basmati rice from August last year has had an adverse impact on the latter, but not so much on basmati rice.
Last year, on August 26, the government imposed a 20 per cent import duty on parboiled rice and also a minimum export price (MEP) of $1,200 per tonne on basmati exports. Parboiled rice constituted almost 45 per cent of the total non-basmati
rice exports…..
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