Chief Minister Mohan Yadav has described as remarkable the central government's decision to lift the ban on the export of non-basmati rice saying that it would be a great relief to the country's rice producers.
Yadav praised the decision noting that under Prime Minister Shri Narendra Modi's leadership, it is a historic move towards strengthening agricultural exports, which would help farmers in the country and Madhya Pradesh establish their identity in the international market. In the last 10 years, starting from 2015 to 2024, rice exports from Madhya Pradesh has touched Rs. 12,706 crore, with the highest export of ?3,634 crore in the current year alone.
According to a notification issued on September 28 by the Directorate General of Foreign Trade under the Ministry of Commerce and Industry, Government of India, a minimum export price of $490 per ton has been fixed for the export of non-basmati white rice. Additionally, the export duty on parboiled and brown rice has been reduced from 20% to 10%, which will enable farmers to gain even more from the international market.
