In non-Basmati rice, the government had banned the export of broken rice last year.
The restrictions imposed on rice export from the country have had an impact on its export. During the first 8 months of the financial year 2023-24 i.e. from April to November 2023, the export of non-Basmati rice from the country has decreased by about 39 lakh tonnes, the export has declined by about 34 percent to 76.92 lakh tonnes. During this period in the financial year 2022-23, 115.70 lakh tonnes of non-Basmati rice was exported from the country.
In non-Basmati rice, the government had banned the export of broken rice last year, after which this year the export of all types of non-Basmati rice except Sela rice was stopped. This year, 20 percent tax has also been imposed on the export of Sela rice. Due to these restrictions on rice export, its export has been affected.
At present, among non-Basmati rice, only Sela rice is being exported from the country. During April to November 2023, export of 48.29 lakh tonnes of sela rice has been recorded from the country, whereas in the financial year 2022-23, export of 50.67 lakh tonnes of sela rice was recorded during this period. Most of the Sela rice is exported from India to African countries.
This year, there has been a decline of about 34 percent in the export of non-Basmati rice on the basis of quantity, but due to the increase in the prices of rice in the international market, the export has not decreased that much on the basis of value. During the financial year 2022-23, non-basmati rice worth $4.1 billion was exported from April to November, and this year this figure is $3.07 billion.
The government has also imposed a minimum export price condition on the export of Basmati rice this year, but despite this, there has been an increase in the export of Basmati rice from the country. During April to November, about 30 lakh tonnes of Basmati rice was exported from the country. This figure has been achieved whereas in the financial year 2022-23 this figure was 27.32 lakh tonnes.
Published – January 20, 2024, 04:40 IST
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