New Delhi: The Union government has imposed a 20% duty on exports of parboiled rice with immediate effect. The decision was announced to reduce shipments from India. This decision will lift global rice prices.
Last month, government imposed a ban on exports of widely consumed non-basmati white rice, following a ban on broken rice exports last year.
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India exported 7.4 million tons of parboiled rice in 2022. India is the world’s largest rice exporter. India accounts for more than 40% of world rice exports.
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