Amendment in India’s rice exports policy and rationale behind it
Published on: September 23, 2022.
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New Delhi: The recent changes in India’s rice exports policy have been done keeping in mind the need to support the ethanol-blending programme that saves costly oil imports and to help the animal husbandry and poultry sectors by reducing the cost of animal feed that has a bearing on the price of milk, meat and eggs.
The amendments in rice-export rules have helped keep a check on domestic prices without reducing the availability for exports, a Ministry of Consumer Affairs, Food and Public Distribution statement said on Thursday evening, explaining the government’s stance and the rationale behind the move. What was the need for amendment in the export rules?
* A significant rise in export of broken rice: There has been a rise in global demand for broken rice due to the geopolitical scenario which has impacted the price movement of commodities including those related to animal feed.
Source: https://firstindia.co.in/news/india/fact-sheet-amendment-in-indias-rice-exports-policy-and-rationale-behind-it
