India considers lifting non-basmati rice export ban for domestic supply stabilization.
India is contemplating easing its ban on exporting non-basmati rice, initially implemented on July 20, 2023, to stabilize domestic supply. With sufficient rice stockpiles and stable retail prices, the government is reassessing the need for the ban. Additionally, a 20% export duty on parboiled rice remains in effect. The decision will be based on domestic needs and available stocks, as exporters seek to capitalize on a projected bumper crop.
September 17, 2024
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