मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Resumption of broken rice exports to ease storage woes
Hindustan Times Chandigarh
|March 12, 2025
The Director General of Foreign Trade's (DGFT) recent decision to allow the export of broken rice is seen as a vital step in tackling the storage issues plaguing producer states, including Punjab.
CHANDIGARH:
DGFT, the licensing authority for exporters, importers and export and import businesses in India, in a notification on March 7 amended the export policy of broken rice from 'prohibited' to 'free' with immediate effect. The restriction had been in place since September 2022.
The ban led to a buildup of rice stocks and a sharp decline in international prices. Before the ban, India regularly exported 10 to 12 lakh tonnes of broken rice, but with the restriction in place, trade shifted to countries like Vietnam, Thailand and Pakistan.
India's export of broken rice fell drastically in the 2023-24 financial year, down from $1.13 billion in 2021-22 to nearly negligible levels. The international market continues to have strong demand for broken rice and with a surplus of 20% broken rice in India, prices have sharply dropped, affecting the rice industry.
यह कहानी Hindustan Times Chandigarh के March 12, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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