153

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

submitted 1 year ago by mwalimu@baraza.africa to c/worldnews@lemmy.ml

16 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[-] livus@kbin.social 13 points 1 year ago

Oh no I was hoping it would not extend to the basmati. Still, I shouldn't complain. It is the parboiled and broken rice to low income countries which are more concerning.

[-] mwalimu@baraza.africa 2 points 1 year 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.