Govt lifts curb on non-basmati white rice exports, removes floor price

NEW DELHI: The government on Wednesday removed the minimum export price (MEP) of USD 490 per tonne on overseas shipments of non-basmati white rice, a move aimed at promoting shipments of the commodity.

On September 28, the government withdrew a blanket ban on overseas shipments of non-basmati white rice and imposed the floor price.

“The requirement of MEP for the export of non-basmati white rice…has been lifted with immediate effect,” the Directorate General of Foreign Trade (DGFT) said in a notification.PTI