India lifts ban on rice exports after 3 months

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India lifts ban on rice exports after 3 months

STORY: India lifts ban on rice exports after 3 months DATELINE: Dec. 1, 2022 LENGTH: 00:01:38 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. shot of India gate 2. shot of government buildings 3. various of rice cultivation fields 4. various of wholesale rice market 5. various of export containers on highway STORYLINE: The Indian government has lifted the ban imposed nearly three months ago on exports of organic non-basmati rice, including broken rice, said an official notification by the Directorate General of Foreign Trade (DGFT) issued late on Tuesday. A part of the Federal Ministry of Commerce and Industry, the DGFT is essentially involved in regulating and promoting foreign trade through regulation. The ban on rice exports was imposed to ensure adequate domestic supplies amid fears of a rice shortage after apprehensions were cast over its lesser yield during the winter crop season. To boost domestic supplies, the federal government had also imposed a 20-percent export duty on non-basmati varieti

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