Rice Export Ban: The Narendra Modi administration at the Center has made a significant move amid soaring rice prices in the nation. The export of broken rice has been banned by the Modi government. A directive for this has also been issued by the government. In addition, the government has placed a 20 percent export levy on all rice other than usna rice.
Related Post – Instagram Content Ideas for Business – How to Create an Impressive Instagram Post Strategy
Rice is exported to over 150 countries by India
21.2 million tonnes of rice were exported from India in the fiscal year 2021–2022. 39.4 lakh tonnes of basmati rice were present. Non-basmati rice exports during this time amounted to $6.11 billion, according to official statistics. More than 150 nations imported non-basmati rice from India in 2021–2022.
From today, restrictions will apply
Santosh Kumar Sarangi, director general of foreign trade, issued the notification. This states that “The export of broken rice has been prohibited from today, i.e. 9 September Additionally, there is a 20% duty on the export of various grades. Indicate that, after China, India produces the most rice. 40% of the world’s rice commerce comes from India. In the current Kharif season, less land is now planted with paddy. In order to increase the domestic supply, the government has taken this action.
Paddy sown area decreased by 5.62%
40% of the world’s rice commerce comes from India. In the current Kharif season, the amount of paddy that has been sown has reduced by 5.62 percent to 383.99 lakh hectares, according to the most recent data from the Ministry of Agriculture. The area covered by paddy has shrunk as a result of lower rainfall in certain states across the nation. After China, India is the country that produces the most rice.
Related Post – Best Hyderabad Bridal Makeup Artists
