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The commerce and trade ministry mentioned on Sunday that it directed commerce promotion physique Agricultural and Processed Meals Merchandise Export Growth Authority (Apeda) to not register contracts beneath $1,200 per tonne. Present contracts beneath $1,200 per tonne have been saved in abeyance.
A committee beneath the chairman of Apeda will likely be set as much as consider the long run plan of action on such contracts.
“The federal government has obtained credible subject stories relating to mis-classification and unlawful export of non-basmati white rice, export of which has been prohibited with impact from July 20, 2023,” the ministry mentioned on Sunday. It has been reported that non-basmati white rice is being exported beneath the product classification known as HS (Harmonised System) codes in commerce parlance of par-boiled rice and basmati rice, it mentioned.
“To examine the home costs and to make sure meals safety, the federal government has been taking measures to limit export of rice from India,” the ministry mentioned.
“The transfer has been sudden and surprising. The rice exporters will face large losses as many consignments are able to be shipped,” mentioned Vinod Kaul, govt director of the All India Rice Exporters’ Affiliation.
