Rice Exports: India Permitted Exports of Non-Basmati White Rice to UAE

Good news! India is allowing the export of 75,000 tonnes of non-Basmati white rice to the UAE. The Directorate General of Foreign Trade (DGFT) shared this update on Monday. Why is it a big deal? Well, India had previously stopped exporting this Non-Basmati white rice to focus on making sure there's enough rice within the country due to inflation and unpredictable weather.

Rice Exports: India Permitted Exports of Non-Basmati White Rice to UAE

But here's the twist: India isn't completely closing its doors to international trade. It's still exporting non-Basmati rice and other grains to help countries that need it. Recently, India agreed to send 3 lakh tonnes of wheat to Nepal and 14,184 tonnes to Bhutan. India is also sending non-Basmati rice to Bhutan (79,000 tonnes), Mauritius (14,000 tonnes), and Singapore (50,000 tonnes) through the National Cooperative Exports Ltd (NCEL). India is committed to helping countries that struggle with food security.

India is also exporting broken rice to countries like Senegal (5 lakh tonnes), Gambia (5 lakh tonnes), Indonesia (2 lakh tonnes), Mali (1 lakh tonnes), and Bhutan (48,804 tonnes). This move helps keep the balance between India's domestic supply and international demand.

In the past, India had stopped exporting broken rice, wheat, and non-Basmati white rice to make sure there was enough at home, especially with high food inflation. Despite these challenges, India's commitment to helping its neighbors and partners is commendable.

In conclusion, India's approach to international trade is both smart and flexible. They're looking out for their own needs while also lending a hand to those who need it. And if you're interested in diving deeper into the world of export-import, don't forget to check out the iiiEM Chennai - Certificate Course in International Trade in Chennai. It could be an excellent opportunity to explore this fascinating field.

Location: India

Comments

Post a Comment

Popular posts from this blog

5 Essential Steps to Secure Your Export Business Finances

Image
Running a commodity trading business is a thrilling journey, offering both substantial rewards and inherent risks. To ensure sustained success, it's imperative to adhere to a set of principles that can fortify your position and shield your business from common financial pitfalls. Despite the prevalence of best practices for secure transactions, many exporters find themselves straying off course, leading to substantial financial setbacks. Whether you're a seasoned exporter or just stepping into the world of international trade, mastering the art of financial security is paramount. Here, we delve into six indispensable steps to safeguard your funds and navigate the complexities of the export business successfully. 1. Ensure Payment Security Shipping commodities without a guarantee of payment is a cardinal sin in the export business. The most robust and secure method to ensure payment and tranquility for the exporter is through an irrevocable letter of credit. This financial instr
Read more

Govt Grants Permission for Exports of 1000 MT of Kala Namak Rice from 6 Customs Stations

Image
The government has given permission for the export of Kala Namak rice from six customs stations. This decision comes after the exports of this rice variety were previously not allowed. The Directorate General of Foreign Trade announced that up to 1,000 metric tonnes of Kala Namak rice can be exported through these specified customs stations. The certification for this rice and its quantity will be overseen by the Director of Agriculture Marketing & Foreign Trade in Lucknow. Kala Namak rice is a high-quality non-basmati rice type grown in Uttar Pradesh. The designated customs stations for its export include Varanasi Air Cargo, JNCH  (Jawaharlal Nehru Customs House)  in Maharashtra, CH  (customs house)  in Kandla, as well as Land Customs Stations (LCS) in Barhni, Sonauli, and Nepalgunj Road. Last year, the government banned the export of broken rice and imposed a 20% duty on white rice exports to ensure food security and stabilize prices. While the export of non-basmati white rice
Read more

India's Exports Grows Despite of Red Sea Crisis

Image
Despite of Red Sea Crisis and economic troubles in the West, India exported more goods to other countries in January 2024 compared to the same time last year. The value of goods India exports went up by 3.12 %, reaching $36.92 billion. This was helped by selling more electronics, machines, and medicines. However, India also bought more things from other countries. The amount spent on imports increased by 2.99 %, totaling $54.41 billion in January 2024. The main things bought were crude oil, electronics, coal, and gold. So, the trade deficit, which is the difference between what India exports and what it imports, was $17.49 billion in January 2024. This was a bit higher than the $17.03 billion deficit in January 2023. The Commerce Secretary, Sunil Barthwal, praised Indian exporters for their hard work despite tough times. He said that even though there were problems in the Red Sea and economic issues in the West, India's export growth was significant. Between April 2023 and January
Read more