In recent months, the Indian government has implemented significant changes to the regulations governing non-basmati rice exports directly impacting Indian non-basmati rice traders and exporters.

Lifting of Export Restrictions

In July 2023 India imposed a ban on the export of non-basmati white rice to ensure domestic supply and control rising prices. This ban was lifted on September 28, 2024 allowing exports to resume under a Minimum Export Price (MEP) of $490 per metric ton. Subsequently, on October 23, 2024 the government removed this MEP, enabling Indian non-basmati rice exporters to offer various grades of rice at competitive prices in the global market.

Removal of Export Taxes

For further enhancing the exports, on October 22, 2024, the Indian government repealed the export duty on parboiled rice. This move came in light of a huge growth in domestic inventories of rice and a expected record production supplying Indian non-basmati rice exporters with better opportunities for increasing their global market share.

Impact on International Trade

As a result Indian Non-Basmati Rice Traders can now compel competitive prices in global markets thanks to these regulatory changes. The higher availability of Indian rice will help curb world prices and assist nations dependent on imports cementing India’s position as a dominant player in global rice trade.

These trends create an opportune climate for Non Basmati Rice Exporters to capitalise on the international demand, diversify their export baskets and consolidate trade relations with all regions.

#rice #riceexporters #globalnonbasmatiricetrade #nonbasmatiirceexporters #nonbasmatiricetrade

Recent Regulations Regarding Non-Basmati Rice Exports

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