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

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.

  • Mwalimu@baraza.africaOP
    2·
    10 months ago

    Seems there might be more strains if farm produce is lower than expected. Onions too are under 40% export tax in an attempt to increase domestic supplies.

    The present price rise has two aspects to it: first is the shortage in stored produce; the second has to do with lower-than-expected acreage of the bulb itself. Unlike other vegetables such as okra or beans, onions are not grown around the year.

    • livus@kbin.social
      3·
      10 months ago

      Wow, this will effect 12% of global onions. Thank you for the article.

      Between weather and war, global food supplies are strained this year. It is very concerning.