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Home > All news > Export Import > India considers easing rice export restrictions

India considers easing rice export restrictions

July 10, 2024
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rice

New Delhi - In a potential shift of policy, India, the world’s leading rice exporter, is contemplating the relaxation of restrictions on certain rice varieties, according to sources close to the matter. This move is being considered to prevent a domestic surplus as the new harvest approaches in October.

Under consideration are plans to permit white rice exports with a fixed duty, and to replace the current 20 per cent tax on parboiled rice exports with a fixed levy.

The latter change aims to discourage under-invoicing of shipments. These modifications, if implemented, could . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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