ECONOMICS

Current Socio-Economic Problems

Ban on Basmati Rice

  • The Union government banned the export of Basmati rice valued at less than $1,200 a tonne.
  • The step was taken to restrict possible “illegal” shipment of plain white rice by wrongly classifying it as Basmati rice. 
  • The export of non-Basmati white rice was prohibited on July 20, 2023 citing the rise in domestic prices.

Note 

  • Agricultural & Processed Food Products Export Development Authority (APEDA) is the agency responsible for regulation of export of Basmati rice. 
  • In September 2022, the Centre banned the export of broken rice.
  • India ranks second in the production of rice in the world. 
  • West Bengal is the largest producer of Rice in India.
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