government lifts ban on non-basmati white rice exports and sets floor price

The ban on exporting non-basmati white rice has been lifted by the government. The ban was initially imposed on July 20, 2023, but it was announced on September 28 that overseas shipments of non-basmati rice can now resume.

This change in trade policy is expected to have a significant impact on both domestic supply and global rice markets. Along with lifting the export ban, the government has also set a floor price for non-basmati white rice. This measure aims to stabilize the market, ensure fair pricing for farmers, and facilitate international trade.

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