Brice Ban News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Exports from Kolkata port, a key gateway to eastern India, are facing challenges such as geopolitical tensions, a government-imposed rice export ban, and soaring ocean freight costs. Key export items like engineering goods, shrimp, and rice have been impacted. Freight charges, especially for West Coast destinations, have surged by 30-50% since December 2023 due to the conflict in the Red Sea, leading to rerouting of vessels.

In a notification, the Directorate General of Foreign Trade (DGFT) said: “Export of 75,000 MT of non-Basmati white rice to the UAE is permitted through National Cooperative Exports Limited.” India exported $2.2 billion of non-Basmati white rice in FY23 of which Kenya, Madagascar, Benin and the UAE were among the top destinations.

To tame inflation, the government has to sometimes curb export of agri commodities. But this move often leaves small businesses and exporters in trouble.

Rest of World News: Singapore has expressed gratitude to India for exempting the country from its rice ban. The Singapore Embassy in India tweeted its appreciation, stati

Any decision on rolling back the prohibition can only be considered after the sowing season for kharif crops ends, enabling the government to assess the yield for the current year, the official said.