New Delhi: The Centre has notified the $425 per tonne minimum export price (MEP) for non-basmati rice shipments. This comes after the Union Cabinet’s go-ahead for the decision on October 25.
The Directorate General of Foreign Trade (DGFT), in a notification issued on Wednesday, said the earlier ban on non-basmati rice exports (effective since October 9) “shall not be applicable…if the MEP is more than $425 per tonne f.o.b.”. Further, this shall not apply to exports for which letters of credit were opened till October 9 and also to consignments brought into the port godowns till October 10. The latter would be subject to certification by the port authorities, the notification added.
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