India Opens White Rice Export - AgriGuru News
27 SEP 2024 | SOURCE www.agriguruonline.com
Major Policy Shift: Indian Government Eases Rice Export Duties
**Date:** [27/09/2024]
In a significant policy shift, the Indian government has announced a reduction in export duties on rice, aiming to boost the agricultural sector and strengthen its position in the global market.
Effective immediately, the ban on white rice exports has been eliminated, allowing exporters to trade without any fiscal barriers. This move is expected to enhance competitiveness and increase market share internationally.
In addition, the duty on parboiled rice exports has been slashed from 20% to 10%. This reduction is set to provide relief to exporters and may lead to increased export volumes, benefiting exporters and traders alike.
These changes come in response to global market demands and are part of a broader strategy to support India's agricultural economy. The government’s decision reflects its commitment to balancing domestic needs with international opportunities.
Industry experts anticipate that these measures will lead to a significant boost in rice exports, potentially increasing revenue and opening new markets for Indian rice. Stakeholders across the agricultural spectrum have welcomed the decision, viewing it as a positive step towards enhancing India's global trade presence.
Stay tuned for further updates as the impact of these changes unfolds in the coming months.
