In light of the substantial surplus of rice surpassing local consumption, it is essential to diminish the stockpiles to avert spoilage. B.V. Krishna Rao, the president of the Rice Exporters Association (REA), emphasized that the most efficient strategy is to remove export limitations.
As of July 1, the nation's rice reserves in government warehouses have surged to 48.51 million metric tonnes, marking a record high for the month and representing an increase of nearly 19% compared to the previous year, as reported by the Food Corporation of India. New Delhi is expected to reconsider the export prohibition on non-basmati white rice following an evaluation of the rice planting progress, according to sources.
