National Cooperative Exports Ltd (NCEL), a newly established Indian cooperative export body, has begun shipping non-basmati white rice to Mauritius. The first consignment of 3,950 tonnes was shipped on October 24, 2023, under a government-to-government (G2G) deal.
The newly established National Cooperative Exports Ltd (NCEL), an Indian cooperative export organization, has commenced its non-basmati white rice deliveries by sending its first shipments to Mauritius.
Out of the 14,000 tonnes allocated by the Indian government for export to East African countries, NCEL has successfully dispatched 3,950 tonnes as reported by the Hindu Business Line.
These shipments have been carried out under a government-to-government (G2G) arrangement, selling at a rate of USD 483.23 per tonne to the Mauritius State Trading Company. However, when factoring in all associated costs, including insurance and freight, the total cost lands at USD 548.33 per tonne.
Mauritius was one of the initial three nations, along with Bhutan and Singapore, authorized by India to purchase non-basmati rice. The permit was issued by the Directorate General for Foreign Trade on August 30, with no export duty imposed on these shipments.
In July, India implemented a ban on the export of non-basmati rice. In an effort to bolster supplies and stabilize local prices due to subpar monsoon rainfall affecting planting, the world’s leading rice exporter also imposed a 20% duty on the export of different rice grades. As part of this initiative, India pledged to facilitate government-to-government (G2G) exports to safeguard the food security of vulnerable nations.