Delhi/Hyderabad, Aug 27 (Hydnow): The government has decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible “illegal” shipment of non-basmati rice in the garb of premium basmati rice.
In a statement today, the Commerce Ministry said it has directed the trade promotion body APEDA (Agricultural and Processed Food Products Export Development Authority) not to register contracts below USD 1,200 per tonne.
Existing contracts below USD 1,200 per tonne have been kept in abeyance. A committee under the chairman of APEDA will be set up to evaluate future courses of action. Seeking to control retail prices of rice, the Central government has been taking several steps to boost domestic supply.
Advertisements
In September last year, it banned exports of broken rice, while last month it imposed restrictions on non-basmati white rice. Last week, a 20 percent export duty was slapped on par-boiled non-basmati rice. With these curbs, India has now imposed restrictions on all varieties of non-basmati rice. (Hydnow)
Next Story :
-
Asaduddin Owaisi Urges People To Participate In Caste Census
AIMIM President Asaduddin Owaisi urged the people to participate in the ongoing ‘caste census’ being taken up in the State.
-
Heavy Rains In Telangana For Next Three Days
The people of Telangana have been alerted because of moderate to heavy rains in the state for the next three days, according to the Indian Meteorological Department (IMD).
-
Abdul Hafeez From Telangana Elected As SIO India National President
Abdul Hafeez from Telangana was elected as the National President of the Students Islamic Organisation (SIO) of India.
-
Banks To Remain Closed On These Dates In December 2024
Banks will not function on 17 days in December on account of festivals, as well as on second and fourth Saturdays and all Sundays.
Now you can get the latest stories from Hydnow every day. Click the link to subscribe. Click to follow Hydnow’s Facebook page and Twitter and Instagram