India's rice export ban

Indian rice shipments of 500,000 tons postponed after new duty- exporters

India's move to impose a 20 percent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around 500,000 metric tons to after mid-October to avoid paying the tax, three leading exporters told Reuters on Tuesday.

August 29, 2023
August 29, 2023

Indian rice shipments of 500,000 tons postponed after new duty- exporters

India's move to impose a 20 percent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around 500,000 metric tons to after mid-October to avoid paying the tax, three leading exporters told Reuters on Tuesday.