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India To Resume Rice Export To Singapore Despite Ban. Here's Why | EXPLAINED
India resumed its rice export to Singapore, to "meet special food security requirements" of the Southeast Asian country. Other than this, India, order to prevent export of non-Basmati white rice, introduced additional safeguards on export of Basmati rice on August 27, 2023. Currently, export of non-Basmati white rice is prohibited.
India resumes its rice export to Singapore, in view of 'special relationship' with the Southeast Asian country.
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New Delhi: India resumed its rice export to Singapore, to "meet special food security requirements of the Southeast Asian country. As per the Ministry of External Affairs, the rice export is allowed in view of "special relationship" with Singapore.
Why India allowed rice export to Singapore?
Ministry of External Affairs spokesperson Arindam Bagchi, while addressing queries on rice export to Singapore on Tuesday, said, "India and Singapore enjoy a very close strategic partnership, characterized by shared interests, close economic ties and strong people-to-people connect. In view of this special relationship, India has decided to allow the export of rice to meet the food security requirements of Singapore."
Further, Arindam Bagchi said that a formal order in regards with rice export to Singapore would be issued shortly.
Additional Safeguards on export of Basmati rice introduced
In order to prevent export of non-Basmati white rice, India on Sunday i.e. August 27 introduced additional safeguards on export of Basmati rice. Currently, export of non-Basmati white rice is prohibited.
In a statement, government said that there were reports of export of non-Basmati rice under the HS codes of parboiled rice and basmati rice, PTI reported.
Government banned export of non-Basmati rice
In order to check domestic prices and to ensure food security in the domestic level, export of non-Basmati rice was banned by the central government from July 20.
The Directorate General of Foreign Trade (DGFT), in a notification, said that the export policy relating to non-basmati white rice (semi-milled or wholly milled rice, whether or not polished or glazed) was revised from "free" to "prohibited".
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