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Rice exporters in Kolkata have requested the Indian government to impose a flat export duty of USD 80 per tonne for parboiled rice, instead of the current 20% duty. The Indian Rice Exporters Federation (IREF) has also asked the government to reconsider the ban on white rice exports and reduce the minimum export price for basmati rice to USD 850 per tonne.
India News: Centre on Friday extended the 20% export duty on parboiled rice till end of March 2024, to ensure easy availability and dissuade exporters from shippi
After banning the export of broken rice in September 2022 and halting non-basmati white rice exports in July, the Centre had imposed a 20 percent duty on parboiled rice on August 25, effective till October 15, 2023.
The Indian government has extended the export duty on parboiled rice until March 31 next year. This move aims to maintain sufficient local stock and control domestic prices. The restrictions apply to all varieties of non-basmati rice, which make up about 25% of the country's total rice exports. Earlier, the government also banned the export of non-basmati white rice to boost domestic supply and control retail prices during the festive season.
India News: Centre on Friday extended the 20% export duty on parboiled rice till end of March 2024, to ensure easy availability and dissuade exporters from shippi