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India imposes curbs on basmati rice exports; contracts with value below $1200 a ton temporarily halted (economictimes.indiatimes.com)

submitted 1 year ago by [email protected] to c/[email protected]

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India has imposed restrictions on the export of basmati rice, following the imposition of a 20% duty on parboiled rice. The government has set a minimum export price of $1,200 per ton for basmati rice shipments. Contracts below this price will be put on hold and evaluated by a committee.

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[–] [email protected] 1 points 1 year ago

I was confused until I read this:

The move is meant to check non-basmati exports which are prohibited but being exported in the garb of Basmati...