India Removes Minimum Export Price (MEP) on Non-Basmati White Rice

The Government of India has removed the Minimum Export Price (MEP) on the export of Non-Basmati White Rice, effective from October 23, 2024. The decision was made through an amendment to the Foreign Trade Policy, specifically for the HS Code 1006 30 90, which covers Non-Basmati White Rice. The removal of the MEP is expected to make Indian non-basmati rice more competitive in the global market.

Guidelines For Import Of Live Seaweeds Into India

The new guidelines outline specific conditions for importing live seaweed, including mandatory permits and phytosanitary certificates. The import of certain seaweed species will be restricted to prevent the introduction of invasive species and diseases. Imported seaweed will be subjected to rigorous quarantine procedures, including inspection, testing, and potential fumigation or disinfection.

Government Launches Bharat Chana Dal Phase II to Boost Supplies

The second phase of the Bharat Chana Dal initiative aims to release 3 lakh tons of chana stock from the price stabilization buffer to increase the availability of chana dal and chana whole in the market. Chana dal will be retailed at Rs. 70 per kg, and chana whole at Rs. 58 per kg. The government has also expanded the Bharat brand to include moong and masur dals.

India Adopts Iron-Fortified Rice Initiative

The Indian government has issued a press release on its initiative to provide fortified rice under various welfare schemes, including the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY). This decision aims to address micronutrient deficiencies in the country. This press release was issued on October 17, 2024.