Govt imposes minimum export price of USD 490 per tonne on non-basmati white rice

The government lifted the ban on non-basmati white rice exports, effective immediately, while introducing a minimum export price (MEP) of USD 490 per tonne. This change follows a prohibition since July 20, 2023, aimed at enhancing domestic supply. The policy amendment is issued by the Directorate General of Foreign Trade.

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India has lifted its ban on non-basmati white rice exports and introduced a minimum export price of $490 per metric ton, according to a government order issued on Saturday. This move comes as the nation, the world's largest rice exporter, sees an increase in rice inventories and prepares for the upcoming harvest season. The government initially banned the overseas shipment of non-basmati white rice on July 20, 2023, to enhance domestic supply.

However, the directorate general of foreign trade (DGFT) noted in a recent notification that the policy has been amended from "prohibited to free," provided that the export meets the newly established minimum price. "The export policy for non-basmati white rice (semi-milled or wholly milled rice, whether or not polished or gazed) ..



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