1 / 2

8-Indian Farmers Call For Lifting Of Basmati Export Curbs

The 56-year-old's query is in reference to a department of commerce directive that, as of August 25, <br>essentially forbade the export of basmati rice with a price tag of less than $1,200 per tonne. Agricultural <br>and Processed Food Products Export Development Authority (APEDA) has been instructed to restrict the <br>issuance of registration-cum-allocation certificates, which are required for every transaction, to only <br>those shipments contracted above the floor price.

Priya193
Download Presentation

8-Indian Farmers Call For Lifting Of Basmati Export Curbs

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Indian Indian Farmers Call For Lifting Of Basmati Export Curbs Farmers Call For Lifting Of Basmati Export Curbs The Government should not have placed export restrictions on basmati because it is not the rice of the working class, Satyavan Sehrawat argues. India’s Basmati Rice Policy Change India’s Basmati Rice Policy Change The 56-year-old's query is in reference to a department of commerce directive that, as of August 25, essentially forbade the export of basmati rice with a price tag of less than $1,200 per tonne. Agricultural and Processed Food Products Export Development Authority (APEDA) has been instructed to restrict the issuance of registration-cum-allocation certificates, which are required for every transaction, to only those shipments contracted above the floor price. This is a significant issue for Sehrawat, a farmer from the village of Daryapur Kalan in Northwest Delhi. He has planted up to four different varieties of basmati this season, including Pusa 1847, 1692, 1509, and 1885, on nearly 50 acres, 20 of which he owns and the rest that he has taken on lease. These typically take 90 to 100 days from the date of planting, which is between 10th June and 1st July. Sehrawat mentioned in a statement, “They would all be ready for harvest very soon. Who else would purchase our goods if there was not much demand from exporters? Many farmers cannot afford to hold back their crop until demand returns. They require funds to purchase inputs for the following season, repay existing crop loans, and meet immediate household expenses.” According to the order from 25th August, the floor price restriction of $1,200 per tonne for exports is to “remaineffective until 15th Oct.2023 and the situation reviewed in the first week of October 2023.” However, the peak marketing season for the 90-100 day basmati varieties occurs between mid-

  2. September and mid-October. Other improved Indian Agricultural Research Institute-bred Pusa varieties, such as 1121 and 1401, take more time to mature i.e. in 115-125 days. According to Sehrawat, “bade vyapari (large traders)” and millers would be the only ones to gain from the minimum export price restriction. “They will cite low demand for our rice in the world market at this rate ($1,200/tonne), forcing farmers to sell at whatever the price that is offered. Even if the limitations are later lifted, those who have already sold will not benefit.” Reasons F Reasons F or Government Deci or Government Decision In the current inflationary environment, the government may have good reasons for prohibiting grain from leaving the country that is used by low-income households, but why do this to basmati, which does not receive any minimum support price and is entirely purchased by private traders and millers for exports or sale as premium rice?, he asked. sion Mandi prices in some ways confirm the farmers' concerns. Pusa-1692 and 1509 basmati paddy, which was harvested using combines and has a moisture content of 20%, is selling for Rs 3,500 to Rs 3,550 per quintal at Delhi's Narela Wholesale Grain Market. Prior to the introduction of the export floor price, the same grain was quoted at Rs 3,800 per quintal. According to trader Rajesh Goel at the Narela mandi, even manually harvested 1692 and 1509 paddy with lower 17% moisture is only fetching Rs 3,650/quintal at the moment. Furthermore, this might only be the beginning. There are currently 15,000 bags of 50 kg arriving daily at the Narela market, and by October there will be 100,000–150,000 bags arriving daily. Prices may continue to fall as arrivals reach their peak. In the fiscal year 2022–23 (April–March), India exported 4.56 million tonnes of basmati rice for a total value of $4.79 billion, with an average shipment costing $1,050 per tonne. The latter price increased to $1,102 per tonne between April and July 2023, but it was still less than the $1,200 minimum export price specified by the department of commerce. If you are a basmati rice importer wishing to buy basmati rice in bulk or a basmati rice exporter willing to export bulk basmati rice, then Tradologie.com is the right platform for you. Tradologie.com is a Software as a Service platform that facilitates bulk agro-trade across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities at negotiable rates. The transaction oriented platform has 600,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 150 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.

More Related