Reuters :
After imposing 20 percent duty on export of non-basmati rice, India has banned fresh overseas shipment of broken rice with effect from yesterday (Saturday) with an aim to increase domestic availability.
According to Reuters, India exports rice to over 150 nations, and any reduction in its shipments will increase pressure on food prices, which are already rising because of drought, heat-waves and Russia’s invasion of Ukraine.
India, the world’s second-largest rice producer after China, commands a 40 percent share in the global trade of the commodity.
According to a government notification, the “export policy of broken rice …is amended from Free’ to Prohibited’,” the Directorate General of Foreign Trade (DGFT) said in a notification dated September 8, 2022.
However, the ban order provisions under the Foreign Trade Policy 2015-2020 will not apply to the export of broken rice which are already approved.
The notification also said that during the period September 9-15, certain consignments of broken rice will be allowed to be exported.
Consignments will be allowed for exports during this period (Sept 9-15) in cases where loading of broken rice on ships commenced before the issuance of the September 8 notification, where the shipping bill was filed and vessels have already berthed or arrived and anchored on Indian ports and their rotation number has been allocated before this order.
Exports will also be allowed in case the consignment has been handed over to the Customs before this notification and is registered in their system, it said.
