India extends 20% export duty on parboiled rice indefinitely - News Summed Up

India extends 20% export duty on parboiled rice indefinitely


The Indian government has extended a 20 percent duty on export of parboiled rice for an indefinite period, local media reports. 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. 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.


Source: bd News24 February 22, 2024 12:58 UTC



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