India extends 20% export duty on parboiled rice indefinitely

India imposed the duty last year in a move to maintain adequate local stock and keep domestic prices under check

Published : 22 Feb 2024, 12:52 PM
Updated : 22 Feb 2024, 12:52 PM

The Indian government has extended a 20 percent duty on export of parboiled rice for an indefinite period, local media reports.

The world’s largest exporter of grain had imposed the duty in August last year, a move aimed at maintaining adequate local stock and keeping domestic prices under check.

In a notification issued on Wednesday, the finance ministry said the duty will continue beyond Mar 31 without an end date, according to The Economic Times.