...
...
Next Story

India makes exemption to rice export ban for Singapore

India imposed export ban on July 20 to mitigate cereal inflation amidst fears of price pressures due to floods and torrential rains.

Updated on: Aug 30, 2023 04:48 AM IST
Advertisement

New Delhi: India on Tuesday announced an exemption to a month-old ban on export of non-basmati white rice to supply the commodity to Singapore in view of the special relationship between the two countries.

India’s exports make up more than 40% of global rice shipments. (HT Photo)
India’s exports make up more than 40% of global rice shipments. (HT Photo)

The export ban had been imposed on July 20 by India, the world’s top exporter of rice, to cool cereal inflation in the wake of fears of price pressures due to floods and torrential rains in nearly two-thirds of the country.

However, the official notification regarding the ban said it could be waived in case of friendly countries making requests for rice for domestic consumption needs. Announcing the exemption, external affairs ministry spokesperson Arindam Bagchi said the decision was prompted by the “very close strategic partnership” between India and Singapore.

He said, “In view of this special relationship, India has decided to allow export of rice to meet the food security requirements of Singapore. Formal orders in this regard will be issued shortly.”

A delay in the onset of the monsoon and widespread flooding in July due to heavier-than-anticipated rainfall hit planting of rice or destroyed saplings in many rice-producing states, leading to lower acreage.

“In order to ensure adequate availability of non-basmati white rice in the Indian market and to allay the rise in prices in the domestic market, the government of India has amended the export policy of above variety,” the government notification had said regarding the ban. However, exports of par-boiled rice will continue to be allowed.

India’s exports make up more than 40% of global rice shipments. In 2021-22, India exported nearly 22 million tonnes of rice, about a sixth of its total output.

 
ABOUT THE AUTHOR
Rezaul H Laskar

Rezaul H Laskar is the Foreign Affairs Editor at Hindustan Times. His interests include movies and music.

Check India news real-time updates, latest news on Hindustan Times and more across India.
Check India news real-time updates, latest news on Hindustan Times and more across India.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe