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

CM Revanth Reddy Sets $1 Trillion Economy Goal for Telangana

Hyderabad, June 2: On the occasion of Telangana State...

Telangana Proposes 370-Km Regional Ring Railway to Boost Statewide Connectivity

New Delhi, May 24: In a bid to transform...

Charminar Charms: Miss World Contestants Explore Pearls and Bangles at Hyderabad’s Iconic Lad Bazaar

Miss World contestants shopped at select shops in the...

Telangana government ramps up support for stranded citizens amid border tensions

NEW DELHI, MAY 10: In response to the evolving...