IANS | 21 Jul, 2023
In order to ensure adequate availability of non-Basmati white rice in
domestic markets and prevent its prices rising, the Centre on Thursday
prohibited its export with immediate effect.
However, there is no
change in export policy of non-Basmati rice (parboiled rice) and
Basmati rice, which forms the bulk of rice exports.
This will
ensure that the farmers will continue to get the benefit of remunerative
prices in the international market, official sources said.
Non-Basmati
white rice constitutes about 25 per cent of total rice exported from
the country. The prohibition on its export will lead to lowering of
prices for the consumers in the country.
The domestic prices of
rice are on an increasing trend. The retail prices have increased by
11.5 per cent over a year and 3 per cent over the past month. Export
duty of 20 per cent on non-basmati white rice was imposed on September
8, 2022 to lower the price as well ensure availability in the domestic
market.
However, the export of this variety increased from 33.66
LMT (September-March 2021-22) to 42.12 LMT (September-March 2022-23)
even after imposition of 20 per cent export duty.
In 2023-24
(April-June), about 15.54 LMT of this variety of rice was exported
against only 11.55 LMT exported during 2022-23 (April-June), i.e. an
increase of 35 per cent. This sharp increase in exports can be ascribed
to high international prices due to geo-political scenario, El Nino
sentiments and extreme climatic conditions in other rice producing
countries.
