India’s decision to allow NCEL to export white rice to three countries is provoking mixed reactions

The Indian government’s decision to allow the export of 1.43 lakh tonnes  of white rice to Singapore, Mauritius and Bhutan through  National Cooperative Exports Ltd (NCEL) was seen as a positive boost for the cooperative sector. However, some industry players believe that NCEL, which was approved by the federal government in January this year, lacks experience in the export market and may not be able to cope with the demands of foreign buyers. “Kasus decision to allow export of white rice through NCEL is a welcome step. It will further strengthen cooperatives as well as farmer’s organizations (FPOs). Paddy FPOs will benefit 

  NCEL was established under the Multi-State Cooperatives Act, 2002. All cooperatives can become its members. Responding to a question  in the Rajya Sabha last month, Union Home Affairs and Cooperation Minister  Amit Shah said that NCEL will focus on “exporting the surplus generated in the cooperative sector by reaching wider markets beyond the country’s geographical boundaries, thereby increasing  demand in Hindi. collaborative products/services”. 

 The authorized share capital of NCEL is ₹ 2,000 and the initial paid up share capital is ₹ 500. The initial shares were shared equally by Indian Farmers Fertilizer Cooperative (IFFCO), Krishak Bharati Cooperative (Kribhco), National Agricultural Cooperative Marketing Federation of India ( Nafed), Gujarat Cooperative Milk Marketing Federation (GCMMF) and National Cooperative Development Corporation. (NCDC). There are 160 FPOs handling the straps. Haryana Cooperative HAFED deals in Basmati. Nafed and Kribhco buy from the open market. And GCMMF is well versed in ensuring not only procurement by farmers but also  payment of premiums. In such circumstances, giving a rice export permit to NCEL  is a good decision, said an agricultural expert, who did not want to be identified.

Leave a Reply

Your email address will not be published. Required fields are marked *