India has opted to remove constraints on the export of non-basmati white rice to specific nations, a decision detailed in a government notification unveiled on Wednesday.
These rice export privileges extend to a range of countries, including Nepal, Cameroon, Malaysia, the Philippines, Seychelles, Ivory Coast, and the Republic of Guinea.
This ruling comes as a reversal of India's previous ban on non-basmati white rice exports, which was initially implemented in July. Subsequently, the nation imposed a 20 percent tariff on the exportation of parboiled rice.
India's ban on the export of non-basmati white rice had initiated a marked upswing in global rice prices. Various international organizations and countries have been urging India to remove these restrictions in light of the potential for a food crisis. Even the International Monetary Fund had chimed in, advocating for India to eliminate constraints on the export of a specific category of rice, citing the consequences of global inflation.
Conversely, the Indian government had asserted that this move was primarily designed to ensure an adequate rice supply within the nation while also serving as a means to curb domestic price hikes.
By reinitiating the export of non-basmati white rice to the previously mentioned countries, India is expected to alleviate some of the pressure on the global rice market and potentially induce a decline in prices.
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