India allows broken rice exports
PHOTO: FILE
India will allow overseas broken rice shipments of 397,267 tonnes backed by letters of credit (LCs) issued before September 8, the government said in a notification on Wednesday, as a sudden ban on exports of the grain prevented the loading of cargoes.
On September 8, India banned exports of broken rice as the world’s biggest exporter of the grain tries to augment supplies after below-average monsoon rainfall curtailed planting.
The surprise move trapped nearly 1 million tonnes of rice that was moved to the ports or was in transit before the government made the announcement.
Published in The Express Tribune, October 14th, 2022.
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