The Government Reduces the Export Tax on Parboiled Rice from 20% down to 10%
The Indian government announced on Friday that it has reduced the export duty on parboiled rice from 20% to 10%. This decision follows a year after the Center implemented a 20% duty on this staple food due to concerns about potential production shortages in India. The move comes in light of below-average rainfall recorded in 2023, with the order extended until March 31, 2024.