Trade
2 years ago
India extends 20pc 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
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The Indian government has extended a 20 per cent duty on the export of parboiled rice for an indefinite period, local media reports.
The world’s largest exporter of grain 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.