https://sputniknews.in/20230721/india-prohibits-export-of-non-basmati-rice-to-control-domestic-price-rise-3114267.html
India Prohibits Export of Non-Basmati Rice to Control Domestic Price Rise
India Prohibits Export of Non-Basmati Rice to Control Domestic Price Rise
Sputnik India
New Delhi has banned export of non-Basmati rice “with immediate effect” as the price of rice continues to soar in international and domestic markets.
2023-07-21T14:21+0530
2023-07-21T14:21+0530
2023-07-21T14:21+0530
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New Delhi has banned export of non-Basmati rice “with immediate effect” as the price of rice continues to soar in international and domestic markets.The notification issued by the Directorate of Foreign Trade on Thursday said it imposed a ban on non-basmati white rice after retail rice prices climbed three percent in a month after monsoon rains caused damage to crops.As non-Basmati rice comes under India’s largest rice export category, the move is expected to trigger fears of further inflation on global food markets.Meanwhile, the late arrival of the monsoon led to a large rain deficit up to mid-June. Though heavy rains since the last week of June have erased the shortfall, they have caused significant damage to crops.
https://sputniknews.in/20230706/global-rice-prices-boiling-over-african-and-asian-nations-may-face-shortages--2865174.html
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the south asian nation rice 40% global shipments, new delhi banned export of non-basmati rice, ban on non-basmati white rice, non-basmati rice, asia, africa benin, bangladesh, angola, cameroon, djibouti, guinea, ivory coast, kenya, nepal
the south asian nation rice 40% global shipments, new delhi banned export of non-basmati rice, ban on non-basmati white rice, non-basmati rice, asia, africa benin, bangladesh, angola, cameroon, djibouti, guinea, ivory coast, kenya, nepal
India Prohibits Export of Non-Basmati Rice to Control Domestic Price Rise
Deexa Khanduri
Sputnik correspondent
The South Asian nation is the world's biggest rice exporter, accounting for more than 40% of global shipments, about 55.4 million metric tons in 2022.
New Delhi has banned export of non-Basmati rice “with immediate effect” as the price of rice continues to soar in international and domestic markets.
The
notification issued by the Directorate of Foreign Trade on Thursday said it
imposed a ban on non-basmati white rice after retail rice prices climbed three percent in a month after monsoon rains caused damage to crops.
As non-Basmati rice comes under India’s largest rice export category, the move is expected to trigger fears of further inflation on global food markets.
The non-Basmati rice is mainly exported to countries in Asia and Africa, such as Benin, Bangladesh, Angola, Cameroon, Djibouti, Guinea, Ivory Coast, Kenya and Nepal.
Meanwhile, the
late arrival of the monsoon led to a large rain deficit up to mid-June. Though heavy rains since the last week of June have erased the shortfall, they have caused significant damage to crops.
