Home |Sitemap |FAQs |Contact Us
Product Country
Increase Font Size Decrease Font Size
Menu
Market News
 
Government not planning to restrict parboiled rice exports, says food secretary.
Aug 24, 2023

India has clarified its stance on parboiled rice exports, with Food Secretary Sanjeev Chopra stating that the country has no plans to impose any restrictions on the export of non-basmati parboiled rice.
 
This announcement comes after India had previously banned the export of non-basmati white rice last month, catching many buyers off guard.
 
Currently, there are no limitations on the export of parboiled rice, which accounts for approximately one-third of India's total rice exports. Despite earlier reports suggesting the possibility of an export tax on parboiled rice, the government's position remains unchanged.
 
India’s export ban on non-basmati white rice had led to global concerns, triggering a sense of urgency among stakeholders and intensifying apprehensions about food security.
 
The move set off a chain reaction, prompting a race to secure supplies and raising concerns about the potential consequences of this disruption.
 
The implications of this export ban, projected to curtail the availability of a vital staple food by approximately one-fifth in the global market, spurred a scramble among stakeholders to adapt to the changing landscape.
 
Importers, in particular, continue to face the prospect of constrained supplies and surging prices, leading to increased volatility in the market.
 
As the international community grapples with the fallout from India's decision, importers are increasingly exploring alternative strategies to manage the impact. One possible outcome is the rise in government-to-government agreements, as importers seek to counter the shortage and regulate price fluctuations.
 
Amidst these developments, concerns over food security have taken center stage. The ban's potential to disrupt the supply chain has raised alarms, particularly in regions heavily reliant on imports to meet their food needs.
    
indiatoday.in

Archive
 

Trade Leads

Directory's

APEDA Agri Exchange

News & Analysis

Contact

  • Agricultural and Processed Food Products Export Development Authority (APEDA)
    (Ministry of Commerce & Industry, Govt. of India)

  • NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
    Phone : 91-11-41486013, 20863919, 20867008, 20867007