Government slashes export tax on parboiled rice by 10%, a year after fixing it at 20% to maintain domestic stock
India's government has halved the export duty on parboiled rice from 20% to 10%, a year after the initial imposition due to production concerns. This decision follows the establishment of the Rice Federation Consulting Committee to address rice export challenges. Earlier in September, Centre removed the floor price for basmati rice, which is expected to trigger an influx in orders from Europe, the American continents and the Middle East.
