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India extends 20pc export duty on parboiled rice indefinitely

Friday, 23 February 2024



The Indian government has extended a 20 per cent duty on export of parboiled rice for an indefinite period, reports bdnews24.com.
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, according to Indian local media reports,.
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.
India's retail inflation eased to 5.10 per cent on an annual basis as against a four-month high of 5.69 per cent in December, data of the Ministry of Statistics showed earlier this month.