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The government has clarified exporters who have paid the export duty before the issue of notification on the ban on rice exports on July 20 will be allowed to ship that consignment. On July 20, the government banned exports of non-basmati white rice to boost domestic supply.
The government levied a 20 per cent export tax on parboiled rice with immediate effect, which means India has now restricted overseas sales of all non-basmati varieties.
The export ban on non-basmati rice is expected to aid basmati producers through higher realisation and lower working capital requirements, says Ind-Ra.
India Rice Export: The export ban on non-basmati rice is expected to aid basmati producers through higher realisation and lower working capital requirements, says Ind-Ra.
Singapore is in close contact with Indian authorities to seek exemption from the country's ban on export of non-basmati rice, the city state's food agency said on Friday. "Singapore Food Agency (SFA) is working closely with importers to increase the import of different varieties of rice from various sources. Singapore is also in close contact with the Indian authorities to seek exemption from the ban," said a statement from SFA.