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146

India imposes curbs on basmati rice exports; contracts with value below $1200 a ton temporarily halted (economictimes.indiatimes.com)

submitted 1 year ago by mwalimu@baraza.africa to c/worldnews@lemmy.ml

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India has imposed restrictions on the export of basmati rice, following the imposition of a 20% duty on parboiled rice. The government has set a minimum export price of $1,200 per ton for basmati rice shipments. Contracts below this price will be put on hold and evaluated by a committee.

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[–] livus@kbin.social 13 points 1 year ago (1 children)

Oh no I was hoping it would not extend to the basmati. Still, I shouldn't complain. It is the parboiled and broken rice to low income countries which are more concerning.

[–] mwalimu@baraza.africa 2 points 1 year ago (1 children)

Seems there might be more strains if farm produce is lower than expected. Onions too are under 40% export tax in an attempt to increase domestic supplies.

The present price rise has two aspects to it: first is the shortage in stored produce; the second has to do with lower-than-expected acreage of the bulb itself. Unlike other vegetables such as okra or beans, onions are not grown around the year.

[–] livus@kbin.social 3 points 1 year ago (1 children)

Wow, this will effect 12% of global onions. Thank you for the article.

Between weather and war, global food supplies are strained this year. It is very concerning.

[–] agressivelyPassive@feddit.de 2 points 1 year ago

But but but line go up? Line go up not make plate full?