x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Terrorist country Pak wants to derail J&K’s development journey: LG Sinha | LG visits Nunwan base camp, interacts with pilgrims, officials, others | RSS to reach every home during centenary year | Op Sindoor led to increase in demand for indigenous defence products: Rajnath Singh | Army, Defence Minister pay tribute to Capt Batra | Azad unofficially disbands DPAP as key leaders desert party! | Pahalgam terror attack: NIA gets custody of 2 accused for 10 more days | Day 5: 23,857 pilgrims pay obeisance, figure crosses 90,000 mark | 3 yatris among 4 injured in Anantnag accident | Court rejects bail of woman involved in terror activities | BSF jawan shoots himself dead | 2 civilians stranded on landslide-hit road rescued | Kashmir: Schools to reopen today | Mission Director HADP inaugurates capacity building programme of FPO’s | Conduct of Medical Patrol for Awam at Songri, Rajouri | Ex-Servicemen Rally, outreach Program conducted | Shri Amar Kshatriya Rajput Sabha holds meeting | Awareness Camp organized under Dharti Aaba Janjatiya Utkarsh Abhiyan | Take Modi government’s 11 years of achievements to every household: Balbir | Empowering Voices of Justice: National Gurjar Advocates Conference held | Two-day Shoulder Rehabilitation workshop organises | DLSA Srinagar organizes awareness programme on drug abuse | Amarnath Yatra a spiritual & religious journey | Invisible Walls | Parched Paradise: Scorching heat dries up Kashmir’s Summer Charm | LG Sinha’s Rallying Call | BNI J&K hosts 4th edition, uniting 300 business leaders from across India, honoring top | One notorious drug peddler nabbed by Jammu Police | Himachal Rains: Rescue Operations On To Trace 30 Missing After Cloudbursts, Landslips In Mandi | Police arrests a drug peddler from Bus Stand | BRO CE calls on Dy CM; discusses road infra in Jammu province | Adityanath pays tributes to Kargil martyr Captain Vikram Batra on death anniversary | Delhi Speaker meets Amit Shah, briefs about ongoing initiatives in Assembly | Youtuber Jyoti Malhotra's Judicial Custody Extended By 14 Days In Espionage Case | ISRO Chief Dr V Narayanan meets CM Yogi, explores dedicated satellite for Uttar Pradesh | 'Approval for Phase IV of the Pradhan Mantri Gram Sadak Yojana will be given as per the state's proposal' - Shri Shivraj Singh | NFR Strengthens Safety Measures for Monsoon Operations | DIG JKS Range Shiv Kumar IPS conduct Security Review | HC dismissed petition with costs Rs 50000 | Elderly man loses Rs 73.72 lakh in gold trading draud after meeting woman on dating app | Luggage packed, will move out of official residence: Ex-CJI DY Chandrachud | Van Mahotsav 2025: Forest Dept to plant 3.5 crore saplings along riverbanks | Shrine Board Judokas to represent India at International Competitions | International recognition of cross-border terrorism validates India's stand: Kavinder Gupta | DC Kulgam takes review of Mission YUVA; assesses implementation, progress | Sheep Husbandry deptt organizes PMFME workshop/awareness programme | ABRSM delegation meets CEO Jammu, highlights teachers' key issues | Macadamization work begins on Tujjar Sharief to Zaingeer road, Baramulla | Over Rs.41 crore allocated under DDC, BDC, PRI & Aspirational Grants in Bandipora | PAC holds meet at Srinagar, discusses Audit Paras of HUDD | J&K Cine Association slams 'Hillywood' label as misleading and politically driven | UP CM orders strict action against those attempting to defile Kanwar Yatra | 5 of family murdered on suspicion of practising witchcraft in Bihar, oppn slams govt | PM Modi at BRICS, a global wake-up call against terrorism: Gaurav Gupta | Shiv Sena distributed poster to Amarnath pilgrims for 'Jammu-Darshan' | SBI hands over Rs 1.10 Crore DSP PAI claim to family of Martyr Rifleman Sunil Kumar | Mission Director HADP inaugurates five-day Capacity Building Programme for FPOs | Beating the heat wave and humidity, IGNOU flying squad teams charge into Exam Centres for on-the-spot monitoring | FVSc and AH, SKUAST-Jammu celebrates World Zoonoses Day- 2025 | Annual congregation of All India Rohmetra Mahajan Biradari on 10th , July | Bovine smuggling attempt foiled, 09 bovines rescued, in Latti | LIC of India introduces new Plans LIC's Nav Jeevan Shree (Plan 912) & LIC's Nav Jeevan Shree Single Premium (Plan 911) | 15-day Youth Development Programme on 'Premier Banker' inaugurates | Mechanical Engineering students of DBU developed "Multi-Utility Power Generating Kit" | 'Kala aur Atmanirbharta' culminates at MCM | Tanvi Sharma eyes junior titles before full-fledged senior switch | JKCCA appoints Dr Rekha Rani Sharma as Advisor | Pinegrove Director elected president BSAI | Aryaveer and Aaryavir: The Kohli, Sehwag connection at this year's DPL | Indian archers eye World Championship preparation at Madrid World Cup | Back Issues  
 
news details
Considering review of basmati rice minimum export price, says government
10/15/2023 10:27:15 PM
agencies
NEW DELHI, Oct 15: The government on Sunday said it is actively considering the review of the minimum export price of USD 1,200 per tonne of basmati rice, amid the industry's concern that outward shipments have been affected due to high value.
Rice exporters associations have been demanding that this rate should be brought down to around USD 850 per tonne.
In late August, the government decided not to allow exports of basmati rice below USD 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice.
On August 27, the commerce ministry directed trade promotion body APEDA not to register export contracts below USD 1,200 per tonne.
In a statement on Sunday, Ministry of Consumer Affairs, Food & Public Distribution said the Central Government has taken various steps to boost domestic supply of rice and check prices.
"One of the measures being that contracts for basmati rice exports with the value of USD 1200 per tonne and above only may be registered for issue of Registration - cum - Allocation Certificate (RCAC) effective from 25th August 2023," it added.
Based on the representations received from the rice exporter associations that the high FOB value is adversely affecting the export of basmati rice from India, Food and Consumer Affairs Minister Piyush Goyal had attended a consultative meet with the basmati rice exporters, the statement said.
Based on the discussions in this meeting, review of FOB price of contract for issue of RCAC by APEDA for export of basmati rice is under active consideration of the government," the ministry said.
The present arrangement will continue until an appropriate decision is taken by the government, it asserted. According to official sources, India had exported around 45 lakh tonnes of basmati rice during the last fiscal year. In the first half of this fiscal, the country has exported 18 lakh tonnes.
The average export prices of basmati rice stood between USD 850-900 per tonne in 2021 and 2022. This year, it was around Rs 1050 per tonne before the government's August 25 decision not to register contracts below USD 1200 per tonne, they said.
While reviewing this issue, sources said the government would also take into account the price at which other countries, including Pakistan, are selling basmati rice in international markets.
In the statement, the ministry explained that the USD 1200 per tonne value
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU