India allows broken rice exports backed by already issued LCs- govt source
Published on: October 13, 2022.
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India will allow overseas broken rice shipments of 397,267 tonnes backed by already issued letters of credit after a sudden ban on exports of the grain prevented exporters from loading cargoes, a government source said Wednesday.
India banned exports of broken rice as the world’s biggest exporter of grain tries to augment supplies and calm local prices after below-average monsoon rainfall curtailed planting.
India banned exports of broken rice as the world’s biggest exporter of grain tries to augment supplies and calm local prices after below-average monsoon rainfall curtailed planting.
The surprise move trapped nearly 1 million tonnes of rice that was moved to the ports or was in transit before the government made the announcement.
Source: https://pakistanrice.com/wp-admin/post.php?post=25297&action=edit
