FRESH BAN ON EXPORT OF NON-BASMATI RICE

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The Centre has prohibited all exports of non-basmati rice, with effect from February 7. While the government had already banned the export of nonbasmati rice in October last year, some exports were being allowed to honour prior commitments of exporters undertaken against valid irrevocable commercial letters of credit. However, the fresh notification of the directorate general of foreign trade prohibits exports against such letters of credit also.

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