India bans exports of white rice variety to meet domestic demand

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India bans exports of white rice variety to meet domestic demand

STORY: India bans exports of white rice variety to meet domestic demand DATELINE: July 21, 2023 LENGTH: 00:01:42 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of Govt. building 3. various of rice field 4. various of rice wholesale market 5. various of types of rice 6. various of export containers STORYLINE: The Indian government on Thursday announced a ban on exports of a particular variety of white rice to ensure its adequate availability and allay price rise in the domestic market. According to an official statement issued by the Ministry of Consumer Affairs, Food and Public Distribution, the ban on exports of non-basmati white rice would immediately come into force. "The domestic prices of rice are on an increasing trend. The retail prices have increased by 11.5 percent over a year and 3 percent over the past month," said the statement. An export duty of 20 percent on the rice was imposed in September 2022 to ensure its availability in the domestic market. Howeve

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