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HomeIndiaThe Broken News: India's Rice Export Strategy to Tackle Food Inflation

The Broken News: India’s Rice Export Strategy to Tackle Food Inflation

In the wake of persistent food inflation woes, The Broken News – particularly concerning rice prices, India is gearing up to implement measures aimed at curbing the soaring costs. Despite a slight ease in food inflation in March, rice prices have remained alarmingly high, registering a significant 12.7% increase. This surge has prompted the government to strategize alternative interventions to stabilize the market.

Reduction in Broken Percentage for Rice Exports

One of the key strategies being considered is the reduction of broken rice percentage in non-basmati rice exports. The proposal involves slashing the current allowance of up to 25% broken rice in exports to a mere 5%. This move is anticipated to bolster domestic supplies, offering relief amidst the price hikes.

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Market Dynamics and Export Specifications

The decision to alter the broken percentage in rice exports is influenced by various factors, including the importing country’s requirements. While certain nations, such as African countries, accept non-basmati white rice with a 25% broken percentage, others like the US demand a significantly lower percentage, ranging between 2-3%. Presently, approximately 90% of parboiled rice exports maintain a minimal 5% broken percentage.

Impact on Prices and Industrial Usage

The significance of broken percentage in rice exports is underscored by its direct correlation with pricing. A reduction in broken percentage not only escalates the price but also influences the availability of broken rice for industrial applications, including ethanol production. Traders note that the current price for 5% broken non-basmati white rice stands at ₹35,000 per tonne, significantly higher than the ₹30,000 per tonne for 25% broken rice.

Government’s Deliberations and Future Implications

While the proposed reduction aims to mitigate domestic price pressures, concerns regarding its impact on overall rice exports have surfaced. The Department of Commerce has been tasked with assessing the potential ramifications before a final decision is made. If approved, the new specifications will be implemented in future government-to-government rice exports.

the broken news & policy ammendment

Despite the urgency surrounding the issue, queries directed to pertinent ministries, including Consumer Affairs, Food and Public Distribution, and the Commerce Department, remain unanswered. This lack of response adds to the uncertainty surrounding the timeline and implementation of the proposed measures.

In conclusion, India’s proactive stance in addressing food inflation through the regulation of rice exports underscores the government’s commitment to ensuring food security and stabilizing market dynamics. However, the efficacy and implications of these measures remain subject to further scrutiny and deliberation.

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  • Editor PNI Desk

    I carry numerous talent and ardor to Prime News India as a contributing editor, With my media historical past and various hobbies, my purpose is to provide insightful and interesting content fabric that resonates with our target audience. My purpose is to offer smooth and informative content material that stimulates widespread dialogue and inspires readers to hold exploring important topics. Through cautious studies and balanced analysis, I try and hold journalistic integrity and contribute to the advent of a platform that offers information that deserves to be valued and available to curious human beings development. I am commemorated to be part of Prime India News and sit up for sharing tales that inform, entertain and enhance the lives of our readers.

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