Business / Centre imposes 20 percent duty on rice exports of various grades detail is here

New Delhi : The central government has taken an important decision to bring rice prices under control in India. According to a news agency Reuters news, the government has imposed a duty of 20% on the export of various grades of rice. In fact, in major rice producing states like West Bengal, Bihar and Uttar Pradesh, due to below average rainfall, there is a possibility of problems in rice production.

However, earlier the central government had said that there are no plans to impose any restrictions on the export of rice. It was said from the government that there is enough buffer stock to meet the domestic needs. Explain that India is the second largest rice producer in the world after China. In the financial year 2021-22, India exported 21.2 million tonnes of rice.

However, due to less rainfall this year, the area under paddy has come down by 6% to 367.55 lakh hectares. Till August 26 of the current kharif season, less paddy area has been reported in Jharkhand at 10.51 lakh hectares, West Bengal (4.62 lakh hectares), Chhattisgarh (3.45 lakh hectares), Uttar Pradesh (2.63 lakh hectares), Bihar.

Earlier, the central government had banned the export of wheat. At the same time, some important restrictions have been imposed regarding the export of sugar. Traders feared that the government might also show strictness on the export of rice. Now this apprehension has turned into reality.