Centre bans rice export

Date:

New Delhi, Sep 10:The Central government has banned the export of broken rice with effect from Friday.The decision comes immediately after a 20 per cent export duty was levied on various grades of rice, which also came to force on Friday.

According to a notification issued by the Union Commerce Ministry, the export policy on broken rice has been amended from “free” to “prohibited”.However between September 9-15 those consignments of rice where loading has already started and shipping bills have been filed, and vessels have either berthed or arrived and where consignments have been handed over to customs, would be exempted from the ban.

The ban on export of broken rice as well as export duty levy on various grades of rice have been imposed due to poor rainfall received in major rice producing states like Uttar Pradesh, Bihar and West Bengal, this season.

As a result of deficient rainfall in these areas, it is expected that low cultivation of paddy may result in low yield and this may lead to rise in prices of rice.

In May, the Centre had banned wheat export to address supply issues domestically and control prices.

Share post:

Popular

More like this
Related

Maheshwar Hazari Leads Bihar’s Development through Transparent Governance and Public Engagement

Patna, Bihar – Under the leadership of Minister Maheshwar...

Telangana Police honored for significant contribution to development of Samanvaya platform

The Union Ministry of Home Affairs has conferred recognition...

Will Revanth govt take up ‘Caste Survey’ in Telangana?

While Congress national leader Rahul Gandhi is working as...

Discover Hyderabad’s Culinary Gem: Vasanthi Singampalli @tastydrips

In the vibrant culinary scene of Hyderabad, one name...