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New Delhi: The Centre on Wednesday removed the minimum export price (MEP) of $490 per tonne on non-basmati white rice.
"The requirement of MEP for the export of non-basmati white rice has been lifted with immediate effect," the Directorate General of Foreign Trade (DGFT) said in a notification.
These measures came at a time when the country has ample stock of rice at government godowns and retail prices are also under control.
The government had imposed a ban on non-basmati rice exports on July 20, 2023.
On September 28, the government withdrew the blanket ban on overseas shipments of non-basmati white rice and imposed the floor price.
The country exported non-basmati white rice worth $201 million during April-August this fiscal. It was $852.52 million in 2023-24.
This variety of rice is widely consumed in India and it also has demand in global markets, particularly in nations which have a large Indian diaspora.