NEW DELHI (XINHUA) – The Indian federal government has imposed a 20 per cent duty on the export of parboiled rice, officials said on Saturday.
The order was issued by the Ministry of Finance on Friday evening with the aim of checking the price rise while ensuring ample supplies in the domestic market.
As per the notification, the export duty comes into force with immediate effect and will remain applicable until October 16.
With these new curbs, India has now imposed restrictions on all varieties of non-basmati rice, which constitutes about 25 per cent of India’s total rice exports.
The duty is likely to push global prices further.
Last month, the International Monetary Fund encouraged India to remove restrictions on the export of a certain category of rice, saying it would have an impact on global inflation and exacerbate volatility in global food prices.
