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India accounts for more than 40 percent of all global rice shipments, while non-basmati white rice constitutes about 25 percent of the total rice exported
Increased costs have put pressure on the rice sector.
In view of the "special relationship" with Singapore, India has decided to allow the export of rice to "meet the food security requirements" of the Southeast nation, the Ministry of External Affairs (MEA) said.
India News: NEW DELHI: In view of the "special relationship" with Singapore, India has decided to allow the export of rice to "meet the food security requirements.
The commerce and industry ministry said on Sunday that it directed trade promotion body Agricultural and Processed Food Products Export Development Authority (Apeda) not to register contracts below $1,200 per tonne. Existing contracts below $1,200 per tonne have been kept in abeyance.