Govt exempts quantity limit on export of organic- wheat, non-basmati rice, oils, sugar
The Dollar Business Bureau The government has exempted the existing quantitative ceilings, with immediate effect, on the export of certain organic agricultural and organic processed products such as wheat, non-Basmati rice, edible oils and sugar. “Export of organic agricultural and organic processed products i.e. wheat, non-Basmati rice (excluding rice in husk-paddy or rough), edible oils and sugar have been exempted from existing quantitative ceilings and any existing or future restriction/prohibition on export of their basic product (non-organic),” Directorate General of Foreign Trade (DGFT) said in a notification (No.03/2015-2020) on Wednesday. The yearly quantitative ceiling on the exports of organic pulses and lentils has also been enhanced from existing 10,000 MT to 50,000 MT a year, duly certified by Agricultural & Processed Food Products ...
Fall in global food prices favours Indias import plan
The Dollar Business Bureau Falling prices of food products in the international market can prove beneficial for India which needs to import many items to meet the domestic demand. Since the domestic food production is expected to reduce due to bad monsoon, the government has been considering increasing imports of certain products to bridge the production deficit. Government estimates say that India’s total food grain production is projected to be around 251 million tonnes during the current crop year ending in June. The estimated production is less than 265 million tonnes recorded a year ago. Earlier this month, Agriculture Minister Radha Mohan Singh said that his government was mulling over increasing imports of pulses to check its soaring price within the ...
