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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.
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