Rice exports expected to increase in the coming months

21-Oct-2024 08:51 PM

New Delhi. With the increase in area and support of good monsoon rains, domestic production of paddy rice is expected to improve during the current Kharif marketing season.

This may provide more stock of rice for export purposes. Meanwhile, the government has deregulated the commercial export of non-Basmati rice and reduced the export duty on sella rice from 20 percent to 10 percent.

Minimum export price (MAP) of $ 490 per tonne has been imposed for white rice, while the MAP of $ 950 per tonne imposed on Basmati rice has been removed.

It is being heard that the MAP imposed on white rice and the export duty imposed on sella rice may also be abolished soon.

After this, the export duty on rice will be completely abolished and no MAP will be applicable. As a result, the competitive ability of Indian rice will once again increase in the global export market and the enthusiasm and attraction of foreign importers in its purchase will increase.

Since there is sufficient stock of rice available in the central pool and the government procurement of new paddy has started and will continue to increase, the government stock of rice will also increase.

The government is emphasizing on increasing the export of rice so that millers and exporters can be encouraged to increase the purchase of paddy from farmers.

With this liberal policy of the Government of India, India will not only regain its lost position in the global export market but will also create problems for other exporting countries including Thailand, Vietnam and Pakistan. A great export of rice is expected from India in the coming months.