India Bans Non-basmati White Rice Exports
Tags: National News
India banned the export of non-basmati white rice to stabilise the volatility in retail prices within the country.
An Overview of the News
This decision was taken by the Ministry of Food and Consumer Affairs.
The ban applies to all exports of "non-basmati white rice".
India's decision is significant as it is the world's leading rice exporter.
An exemption from the ban will be granted to countries that request the export of white rice.
Countries seeking exceptions must meet their own food safety requirements and obtain formal approval from their respective governments.
The primary objective of the ban is to stabilise the volatility of retail prices within India.
Two major challenges affecting India's rice production are global food prices affected by the war in Ukraine and unpredictable weather conditions, including heavy monsoon rains in northern rice-growing states and insufficient rainfall in other regions.
Directorate General of Foreign Trade (DGFT):
DGFT is an important agency under the Ministry of Commerce and Industry.
Its headquarter is in New Delhi, India.
DGFT plays an important role in regulating and enforcing laws related to foreign trade.
One of its major responsibilities is to formulate and implement foreign trade policy.
The foreign trade policy aims to promote India's export activities and create a conducive environment for international trade.
The current Director General of DGFT is Amit Yadav.
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