The Directorate General of Foreign Trade (DGFT) in a recent notice said that the rice export policy has been amended, adding a mandatory requirement for exports to be licensed by APEDA.
As one of the world's largest rice exporters, India recorded a 6.4% increase in exports of the commodity to $4.7 billion during the April-August period of the current financial year (ending March-end next year).
In September 2024, DGFT lifted the complete ban on exports of common rice.
Discussing this issue, an unnamed official at the Ministry of Commerce said the move is aimed at monitoring and regulating the flow of regular rice. Exporters may have to register their business activities related to this item before shipping abroad.
The official explained that the registration will provide the government with better monitoring tools for regular rice exports, helping to track the volume and destination of shipments, thereby ensuring policy compliance and maintaining domestic food security.
One exporter said the registration system could help prevent problems such as mis-declaring the variety of rice being exported, which had been a concern in the past.
The decision comes amid reports of rice losses in Punjab, Haryana, Bengal and other states. Another exporter said the new rules will help the government understand the export demand and intervene to control the situation when necessary.
Source: https://baolamdong.vn/an-do-siet-lai-xuat-khau-gao-393398.html
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