India scraps 10% duty on parboiled rice outflows, boosting trade potential

India has removed a 10% duty on parboiled rice outflows with immediate effect, the Ministry of Finance said Oct. 22, enhancing the country’s rice export potential. In September, India slashed the export duty on parboiled rice from 20% to 10%, lifted the ban on non-basmati white rice exports, and introduced a minimum export price of $490/mt in response to swelling…India has removed a 10% duty on parboiled rice outflows with immediate effect, the Ministry of Finance said Oct. 22, enhancing the country’s rice export potential. In September, India slashed the export duty on parboiled rice from 20% to 10%, lifted the ban on non-basmati white rice exports, and introduced a minimum export price of $490/mt in response to swelling…Read More