India allows non-Basmati rice exports with minimum export cap of $490 per tonne

India on Saturday removed the blanket ban on exports of non-basmati white rice and imposed a minimum export price (MEP) of $490 per tonne. The exports of non-basmati white rice were prohibited since July 20, 2023. “The export policy for non-basmati white rice (semi-milled or wholly milled rice, whether or not polished or gazed) …is amended from prohibited to free, subject to MEP of $490 per tonne with immediate effect and until further orders,” the directorate general of foreign trade (DGFT) said in a notification. In July 2023, New Delhi had prohibited the export of non-basmati white rice but had said exports would be allowed on the basis of permission granted to other countries to meet their food security needs and based on requests from those countries. It has exported rice to Nepal, Mauritius, Namibia and other African nations. ET reported last week that the UK, US and Japan, among others had recently asked India when it planned to lift or ease the current export ban on ...