Rice industry calls for budget support to boost exports, agri infra

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Rice industry calls for budget support to boost exports, agri infra - Business Standard

Quick Summary:

The Indian rice industry has urged the government to provide incentives and policy support in the upcoming Union Budget to address surplus stock, falling prices, and sluggish exports.

Dev Garg, Vice President of the Indian Rice Exporters Federation (IREF), highlighted a bumper surplus of 500 lakh tonnes which has led to a price decline of 10-15 per cent in both basmati and white rice.

Despite the government's recent move to lift restrictions on non-basmati rice exports, shipments have remained weak.