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India imposes 20% export duty...

The government has imposed 20 per...

India imposes 20% export duty on parboiled rice, MEP of $1200/tonne on basmati soon

The government has imposed 20 per cent export duty on parboiled rice with immediate effect in view of a surge in shipments. According to a notification issued by Ministry of Finance last night, this export duty will be in force till October 15.The commerce ministry will also soon notify a minimum export price (MEP) of $ 1200/tonne on basmati rice export to restrict shipments.Seen as part of measures to control inflation as announced by Prime Minister Narendra Modi during his Independence Day address, fresh measures on export of...

Karl Jörg - August 26, 2023

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India imposes 20%...

The government has imposed 20 per cent export duty on parboiled rice with immediate effect in view of a surge in shipments. According...

Karl Jörg - August 26, 2023

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