hear the news

Rice Export India: To control the rising prices of rice, the Government of India has completely banned the export of broken rice. An order has also been issued in this regard. This order will come into effect from today itself. Earlier, there was no duty on the export of broken rice.

Apart from this, 20 per cent duty will be levied on the export of non-basmati rice under another order issued by the government. This order will also come into effect from today. However, export of boiled and basmati rice has been kept out of this restriction. It is worth noting that India is the second largest rice producing country after China. India accounts for 20 percent of the global rice production.

India’s 40 percent share in global trade
The revenue department said in a notification that the area under paddy crop has come down significantly in the current kharif season. In such a situation, the government has taken this step to increase the domestic supply. According to the Agriculture Ministry, due to deficient rains in some states, the area under paddy has come down by 5.62 per cent to 383.99 lakh hectare so far in the current kharif season. India accounts for 40% of the global rice trade. India exported 21.12 million tonnes of rice in 2021-22. During this period, non-basmati rice worth $ 6.11 billion was exported to more than 150 countries.

Expansion

Rice Export India: To control the rising prices of rice, the Government of India has completely banned the export of broken rice. An order has also been issued in this regard. This order will come into effect from today itself. Earlier, there was no duty on the export of broken rice.

Apart from this, 20 per cent duty will be levied on the export of non-basmati rice under another order issued by the government. This order will also come into effect from today. However, export of boiled and basmati rice has been kept out of this restriction. It is worth noting that India is the second largest rice producing country after China. India accounts for 20 percent of the global rice production.

India’s 40 percent share in global trade

In a notification, the Revenue Department said that the area under paddy crop has come down significantly in the current Kharif season. In such a situation, the government has taken this step to increase the domestic supply. According to the Agriculture Ministry, due to deficient rains in some states, the area under paddy so far in the current kharif season has come down by 5.62 per cent to 383.99 lakh hectares. India accounts for 40% of the global rice trade. India exported 21.12 million tonnes of rice in 2021-22. During this period, non-basmati rice worth $ 6.11 billion was exported to more than 150 countries.

,

By admin

Leave a Reply

Your email address will not be published.