India Permits Export of 10 Lakh Tonnes of Non-Basmati White Rice to Seven Countries
Published on: October 19, 2023.
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The government has announced that it has given the green light for the export of 10,34,800 tonnes of non-basmati white rice to seven different countries. This move comes after a temporary ban on the export of non-basmati white rice was imposed on July 20th in order to increase the domestic supply. However, certain countries have been granted permission to import rice in order to address their food security needs.
The export of non-basmati white rice to Nepal, Cameroon, Cote D’ Ivore, Guinea, Malaysia, Philippines, and Seychelles has been officially permitted, according to a notification by the Directorate General of Foreign Trade (DGFT). The National Cooperative Exports Limited (NCEL) will handle the export process.
A total of 95,000 tonnes of non-basmati white rice has been allocated for Nepal, while Cameroon will receive 1,90,000 tonnes. Cote D’ Ivore and Guinea have been allocated 1,42,000 tonnes each. Malaysia has been permitted to import 1,70,000 tonnes, while the Philippines will receive 2,95,000 tonnes. Seychelles has been allocated 800 tonnes of non-basmati white rice.
This decision to allow exports to these countries highlights the government’s efforts to strike a balance between meeting domestic demand and supporting the food security needs of other nations. By allowing these exports, the government is ensuring that there is an adequate supply of rice in the domestic market while also fulfilling its commitments towards international trade.
It is worth noting that the government has carefully considered the food security needs of these countries before granting permission for the export of non-basmati white rice. This demonstrates a proactive approach in addressing the global food security situation.
The export of non-basmati white rice is essential for countries like Nepal, Cameroon, Cote D’ Ivore, Guinea, Malaysia, Philippines, and Seychelles to meet their food requirements. Rice is a staple food in many of these regions, and it plays a crucial role in ensuring food security and addressing hunger.
This move also has positive implications for the Indian rice industry. It provides an opportunity for rice suppliers, especially those from Pakistan, to expand their market reach and establish strong business relationships with buyers in these countries. Pakistani rice exporters have a reputation for supplying high-quality rice, and this export permission will further enhance their position in the international market.
The export of non-basmati white rice is expected to have a significant impact on the rice business in Pakistan. It will boost the rice mills in the country and stimulate the overall rice industry. Pakistani rice companies can now explore new avenues for growth and expand their export capabilities.
Furthermore, this decision is likely to have a positive effect on the prices of Pakistani rice. With an increased demand for non-basmati white rice from these countries, the prices are expected to rise, benefiting rice suppliers in Pakistan.
In conclusion, the government’s decision to permit the export of non-basmati white rice to Nepal, Cameroon, Cote D’ Ivore, Guinea, Malaysia, Philippines, and Seychelles showcases its commitment to supporting the food security needs of other nations while maintaining a balance in the domestic market. This move not only strengthens the ties between India and these countries but also provides significant opportunities for the rice industry in Pakistan.
Source: Daily Pioneer
