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The commerce ministry stated in a statement that it has told trade promotion agency APEDA not to register contracts for less than USD 1,200 per tonne. Existing contracts below USD 1,200 per tonne have been kept in abeyance, , basmati rice, exports
To check the domestic prices and to ensure domestic food security, the Government has been taking measures to restrict export of rice from India. The export of non-basmati white rice was prohibited on July 20 this year.
In a bid to prevent illicit shipments of non-basmati white rice under the guise of premium basmati, government enforces stricter export regulations for basmati rice below USD 1,200 per tonne
The commerce and industry ministry on Sunday said that it has directed trade promotion body Agricultural and Processed Food Products Export Development Authority (APEDA) not to register contracts below $1,200 per tonne.
In a statement on Sunday, the commerce ministry said it has directed trade promotion body APEDA not to register contracts below USD 1,200 per tonne.