India allows export of non-basmati rice to Bangladesh
The government has allowed export of 50,000 tons of non-basmati rice to Bangladesh even though there is a restriction on the commodity's overseas sale.
By PTI |
NEW DELHI: The government has allowed export of 50,000 tons of non-basmati rice to Bangladesh even though there is a restriction on the commodity's overseas sale.
The prohibition imposed on export of non-basmati rice shall not be applicable to export of 50,000 tons of non-basmati rice to Bangladesh, the Directorate General of Foreign Trade (DGFT) said in a notification.
The government has partially banned export of non-basmati rice by fixing the minimum export price of $500 per ton FOB in the international market to augment the domestic supplies of common varieties.
The shipment of 50,000 tons to Bangladesh will be sent by West Bengal Essential Commodities Supply Corporation Ltd, it said.
The DGFT has also specifically mentioned that the non- basmati rice will be procured by the State PSU from within West Bengal.
The government has been giving exemptions from time to time for export of specific quantity of rice and wheat to different countries like Bangladesh, Maldives and Mauritius on humanitarian ground as there is a ban on export of these commodities.
The Commerce Ministry on February eight withdrew concessions given to rice exporters by announcing prohibition on export of non-basmati rice under the transitional arrangements to strengthen supplies in the domestic market.
The prohibition imposed on export of non-basmati rice shall not be applicable to export of 50,000 tons of non-basmati rice to Bangladesh, the Directorate General of Foreign Trade (DGFT) said in a notification.
The government has partially banned export of non-basmati rice by fixing the minimum export price of $500 per ton FOB in the international market to augment the domestic supplies of common varieties.
The shipment of 50,000 tons to Bangladesh will be sent by West Bengal Essential Commodities Supply Corporation Ltd, it said.
The DGFT has also specifically mentioned that the non- basmati rice will be procured by the State PSU from within West Bengal.
The government has been giving exemptions from time to time for export of specific quantity of rice and wheat to different countries like Bangladesh, Maldives and Mauritius on humanitarian ground as there is a ban on export of these commodities.
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The Commerce Ministry on February eight withdrew concessions given to rice exporters by announcing prohibition on export of non-basmati rice under the transitional arrangements to strengthen supplies in the domestic market.
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