Latest Update on 20% Rice Export Duty | How to Tackle this Situation?

The Center has imposed a 20% duty on exports of Non-Basmati rice and paddy from India. So, If you are a rice exporter, what does it mean for you? Well, do not panic! Watch this video to know how your business can still be safe!
👉 On Thursday, the government imposed a 20 percent export duty on non-basmati rice except for parboiled rice.
👉 According to a notification by the revenue department, an export duty of 20 percent has been imposed on 'rice in the husk (paddy or rough)' and 'husked (brown) rice. The export duty comes into effect from September 9.
👉 The ban on broken rice and export duty of 20 percent on non-basmati rice, except for pa-boiled, have been imposed amid concern over a likely fall in rice output.
The area under coverage for the paddy crop has declined by 4.95 percent to 393.79 lakh hectares in the ongoing Kharif season so far due to poor rains in some states, according to the agriculture ministry data released on Friday.
👉 Paddy was sown in 414.31 lakh hectares (LH) in the year-ago period, the data showed. It is the main Kharif crop and its sowing begins with the onset of the southwest monsoon in June and harvesting from October onwards.
👉 India's total rice production during the 2021-22 crop year (July-June) is estimated at a record 130.29 million tonnes (111.76 million tonnes in Kharif and 18.53 million tonnes in rabi season) as against 124.37 million tonnes in the previous year.
👉 The food ministry said on Friday that the country's rice production in Kharif (summer sown) could fall by 6-7 million tonnes but the country would still have surplus output.
The Centre is sitting on a stock of 47 million tonnes of rice, including rice equivalent to unmilled paddy, as of July 1. The buffer stock requirement is to have 13.5 million tonnes of rice as of July 1.
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[@kumarshantanu879]

Hello team PWIP.Thanks for such insightful series on rice export.
I am a Miller from Patna,Bihar . My plant capacity is 4MT/hr (raw rice).Is there any possibilities of rice or broken rice export from my mill. Mansuri,Sonam and bpt paddy are majorirly procured here.

[@yeruvasubbaramireddy665]

Yes,You can export raw rice like Mansuri , Sonam , Bpt ,But broken rice export is banned.

[@pwipindia]

Yes, You can export Mansuri, Sonam & BPT , but broken rice is prohibited now till further notice by the government

[@Udayanish]

Broken rice export is extended till 30th Sept

[@nikhilmanoharan2547]

Thanks for sharing the information.

[@pwipindia]

Our pleasure!

[@vamshikarra4691]

Great information 👍

[@pwipindia]

Glad it was helpful!

[@rishi3663]

Good video sir...plz,explain in hindi..

[@pwipindia]

Will try, But our major audience is mixed.

[@kapilsoni7517]

I had communicated with your team last week, and one of your person replied he would call me to update about the availibility of my required quantity , its been several days now i had sent numerous text message from overseas but not even a single response, upon phonecall you dont even answer the call . i dont know if it is professionalism or your work ethics

[@pwipindia]

Apologies Sir, Could you please provide the number on which you are trying to call so that we can escalate it.

[@yeruvasubbaramireddy665]

Hi,We are also doing business with you,We are also exporting rice,I have seen the video,I can get your thoughts,But I really wonder will traders buy at 410 , And some people think that these traders may shift towards other countries at better price,Do you think govt may reconsider this decision? How many days it might take to get clarity,What is current status of Consignments parked in the port?

[@ethicssalesandmarketing9803]

Hello

[@UNIKK_Jobs]

Can i contact u

[@niteshkumar1768]

I want to start export business of Rice....how to contact you for the same

[@pwipindia]

Hello, Kindly call us at [phone]