The action was taken a day after the government levied a 20% export levy on all non-basmati rice, with the exception of rice that had been parboiled. Ban On Rice Export Due To Rise In Domestic Demand
India, the world’s largest exporter of grain, tried to increase supplies and stabilize local prices on Thursday after planting was hampered by below-average monsoon rainfall by banning the sale of broken rice and imposing a 20% levy on exports of various grades of grain.
Food Secretary Sudhanshu Pandey stated on Friday: “This is not a normal growth of exports. Broken rice shipments have surged 42 times to 21.31 lakh metric tonnes (LMT) from April to August 2022 compared to 0.51 LMT during the comparable period of 2019. This is totally unusual.
He also provided country-specific data that revealed China was the main consumer of Indian broken rice in 2021–2022 (15.85 LMT).
“All food crops had rising prices, with the exception of rice. Rice has now joined the protest, ” he said
He warned that the prohibition on broken rice shipments could have a negative impact on China’s purchases of feed.
With sales of 1.1 million tonnes in 2021, China was the largest consumer of broken rice, while Senegal and Djibouti, two African nations, purchased broken rice for domestic consumption.Ban On Rice Export Due To Rise In Domestic Demand
Follow Us On instagram
Follow Us On Facebook