Thursday, July 20, 2023

Centre bans exports of non-basmati rice to check local prices

The Centre has prohibited the export of non-basmati rice to curb price rise in the domestic market, the food department said in a statement. Retail prices of non-basmati rice have increased 3% in the past one month and 11.5% in the past year despite the imposition of 20% export duty since September 2022 to lower prices as well ensure availability in the domestic market.

from Economy-News-Economic Times https://ift.tt/bCX9ROA
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