Rice export ban not for Singapore
India keeps Singapore out of restrictions on non-basmati rice exports
Govt may lower basmati rice export price by $300 per tonne
New Delhi India has agreed to exempt Singapore from its ban on rice exports owing to very close strategic partnership, the External Affairs Ministry said.
“India and Singapore enjoy a very close strategic partnership, characterised by shared interests, close economic ties and strong people to people connect. In view of this special relationship, India has decided to allow export of rice to meet the food security requirements of Singapore,” Ministry spokesperson Arindam Bagchi was quoted as saying in a communique. Formal orders in this regard will be issued shortly, he added.
On July 20, India had banned export of non-basmati rice to prevent its rising prices and ensure availability in the domestic market.
However, Singapore being a close friend of India, it has been seeking shipments of rice and exemption from the ban, which the Centre has now granted.
Meanwhile, India has also allowed traders to ship out their non-basmati white rice cargoes, which are stuck at ports due to the ban on exports, the DGFT said.
