India achieves despite restrictions on exports.

India achieves despite restrictions on exports.

There is no restriction on the export of basmati rice in India.
Certain restrictions have been imposed on the export of non-basmati rice.
A 20% export duty has been levied on certain varieties.
There is an export ban on 100% broken rice.
Even in this context, India is excelling in rice exports.
The main reason for this is that the price of rice has risen to a two-year high in Vietnam.
Five percent broken rice is exported from Vietnam at $495 to $500 per ton.
The Philippines, which buys a lot of rice from Vietnam, has drastically reduced its rice imports due to rising prices.
Thailand exports five percent broken rice at $480 per tonne.
But India alone exports 5% broken rice at $382 to $388 per tonne in the world.
So most of the countries prefer to buy rice from India.

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