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Date: 01/10/2024

DGFT lifts non-basmati exports ban

The Directorate General of Foreign Trade (DGFT) has notified the lifting of the ban on non-basmati white rice exports and imposed a minimum export price (MEP) of $490/tonne on it, exempting the commodity from export duty. As per the notification, the MEP on white rice come into immediate effect. Just a fortnight after the MEP of basmati rice was removed, the government cut the export duty on parboiled rice to 10% from 20%. Because of adequate monsoon rains and huge surplus rice stocks with the Food Corporation of India (FCI), the government has relaxed export restrictions on rice, it is learnt, as per a report.

Source: Exim News Service: New Delhi, Sept. 30