Jayatri Nag, ET Bureau

Synopsis: India has lifted its ban on the export of non-basmati white rice, a move welcomed by exporters in West Bengal. The government also reduced the export duty on parboiled rice from 20 percent to 10 percent. This decision is expected to boost incomes for exporters and farmers with the upcoming kharif crop.

Kolkata: Even as India lifted its ban on export of non-basmati white rice, the exporters in West Bengal, which is a major rice-producing state, rejoiced, calling it ‘game-changer’.

The Centre lifted the ban on the export of non-basmati white rice on Friday with immediate effect, according to a notification. The government has also reduced the export duty on parboiled rice to 10 percent from 20 per cent.

In July 2023, the government imposed the ban to ensure the domestic supply of rice and keep prices under control.

A leading rice exporter from Bengal, Halder Venture Limited Managing Director & CEO Keshab Kumar Halder lauded the government’s move. “This strategic move will not only boost the income of exporters but also empower farmers, who can expect higher returns with the impending arrival of the new kharif crop,” he said.

West Bengal is the largest rice-producing state in India, contributing over 15% to the country’s total rice production. The state has a favorable climate and fertile soil,making it ideal for rice cultivation. Major rice-producing districts in West Bengal include Birbhum, Burdwan, Hooghly, and Nadia.

The government has also reduced the export duty on parboiled rice to 10 percent from 20 per cent, the notification said. The government initially banned the overseas shipment of non-basmati white rice on July 20, 2023, to enhance domestic supply.

“India’s bold decision to lift restrictions on non-basmati white rice exports is a game-changer for the agricultural sector,” said Suraj Agarwal, CEO of Rice Villa, an exporter.

“We are a leading brand in rice and edible oil. As we celebrate our centenary, it is a story of experience, resilience and evolution. We are exporting parboil rice to Asian and African countries. In 2016, we listed on the Bombay Stock exchange,” Keshab Kumar Halder, MD & CEO of the Halder Group said.

“We are bringing changes in infrastructure front-developing internal processes. Our focus is on R&D. We aim to become carbon neutral, keeping in mind environmental and social responsibilities. We also aim to introduce organic products to our kitty,” Halder said.

Halder Group, a leading rice and edible oil manufacturing company, celebrated its centenary. Prabhat Kumar Halder, Chairman and Director, Halder Group, reflected, “Our centenary marks more than a milestone. Established in 1924, we started with a single factory in Bengal, and today, we stand as a global enterprise.”

Halder Group has recently entered the retail landscape with the launch of its edible oil brand, Odaana, in the domestic market and plans to introduce its parboiled rice brands across the country.

Halder Group’s centenary celebration paid tribute to Bengal’s vibrant cultural heritage, showcasing the region’s rich artistry and tradition. The event featured an array of stalls highlighting intricate craftsmanship, including ornaments, dokra, Baul music, and delicate shola art.

Published Date: September 29, 2024