AreaIndia

Commodity GroupRice

CommodityAll

Date27/08/2023

Policy CategoryTrade

Policy InstrumentExport restrictions

DescriptionAnnounced that it had instructed the Agricultural and Processed Food Products Export Development Authority to register basmati exports with a Free on Board (FOB) value of USD 1 200 per tonne or above only. Basmati shipments valued below this level were to be subject to abeyance and potentially evaluated by a committee to ascertain that they did not constitute non-basmati white rice shipments circumventing the July export ban on this type of rice by being misclassified as basmati. According to the announcement, the committee would report its findings within a month to inform decisions regarding lower-priced basmati exports.