Boosting trade: Government lifts export ban on broken rice
New Delhi: To promote rice shipments, the government has lifted the ban on export of broken rice, imposed in September 2022, the media reported on Monday.
The government has decided to lift the ban and amend it from prohibited to free with immediate effect, the Directorate-General of Foreign Trade (DGFT) said in a notification.
Exporters of broken rice had earlier urged the government to lift the ban and permit the shipments due to the rise in their inventories.
Last year, the government reduced the minimum export price of USD 50 per tonne for non-basmati white rice. Now that the country has ample rice stock, retail prices are under control,
The government had taken this decision in September 2022 amid the ongoing Ukraine-Russia war, which ultimately disrupted the food supply. The still-raging war changed the equation of supply and demand.
In 2023–24, India exported broken rice worth USD 194.58 million to countries like Gambia, Benin, Senegal and Indonesia. It was USD 983.46 million in 2022–23 and USD 1.13 billion in 2021–22.
