Indian government lifted the ban on the export of non-basmati white rice on Friday, about 14 months after imposing restrictions on rice export.
The lifting ban on rice came two weeks after the Indian government鈥檚 another decision to cut the duty on onion export to 20 per cent from 40 per cent and remove the minimum export price of $550 per tonne of the kitchen item.
The Indian government鈥檚 decisions to lift the ban on rice export and slash the duty on onion export came when Bangladesh鈥檚 interim government, which assumed power after the fall of the Awami League regime amid a student-mass uprising on August 5, was looking for 鈥榓lternative sources鈥� other than India for importing food items.
Bangladeshi businesses have reportedly shipped in onions from alternative sources other than India in the current month.
NDTV on Saturday published a news item from a news agency, the Press Trust of India, that said that the Indian government lifted the ban on the export of non-basmati white rice on Friday with immediate effect.
The government also reduced the export duty on parboiled rice to 10 per cent from 20 per cent, the report said, referring to a notification.
In July 2023, the government imposed the ban to ensure the domestic supply of rice and keep prices under control, the report said.
The Indian government in early December 2023 banned onion export and lifted the ban on May 4, 2024 but imposed 40 per cent duty on its export and set the minimum export price at $550 per tonne.
On September 13, the Indian government slashed the duty on onion export and removed the minimum export price of the item.
