Rice Export Ban Update: The Government of India has banned the export of non-basmati rice. This order has come into force with immediate effect. The government has issued an order in this regard. The central government has decided to impose this ban due to the fear of decline in production in view of the damage caused to the kharif crop, especially paddy, due to delayed monsoon rains.
According to the Ministry of Food and Consumer Affairs, to ensure adequate availability in the Indian market and to prevent rising prices of non-basmati rice in the domestic market, the Central Government has decided to amend the export policy. It has been decided to ban the export of non-basmati rice with immediate effect, freeing it from 20 percent export duty.
The government itself must admit that an increase in the prices of rice is being seen. In the retail market, an increase of 11.5 percent has been seen in the prices of rice in the last one year, while there has been a jump of three percent in one month.
