By banning the export of Basmati rice valued at less than $1,200 per metric tonne (MT), the Union government on August 28 ensured additional safeguards for its export ban on non-Basmati white rice (by misclassifying it as Basmati rice).
The export of non-Basmati white rice was prohibited on July 20, 2023, citing increasing domestic prices of rice.
The Union Commerce Ministry said it had directed the Agricultural & Processed Food Products Export Development Authority (APEDA), the agency responsible for regulation of export of Basmati rice, that contracts for Basmati exports with the value of $1,200 per metric tonne and above only should be registered for issue of Registration-cum-Allocation Certificate (RCAC).
