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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.

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[-] 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.

[-] livus@kbin.social 3 points 1 year 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.

[-] agressivelyPassive@feddit.de 2 points 1 year ago

But but but line go up? Line go up not make plate full?

[-] mdd@lemm.ee 9 points 1 year ago

I was confused until I read this:

The move is meant to check non-basmati exports which are prohibited but being exported in the garb of Basmati...

[-] mwalimu@baraza.africa 3 points 1 year ago

Yes, same with last year's festive season. So it is part of a wider plan around domestic supplies, price controls, and limiting basmati fakes.

Last month, the government banned exports of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season.

[-] Frederic@beehaw.org 6 points 1 year ago

Oh shit, time to go to Costco to buy some bags!

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

What became of the tradition? We always start stocking tissue-paper ...

this post was submitted on 28 Aug 2023
153 points (98.7% liked)

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