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For the first time in eight years, India’s rice output is expected to drop this year, raising the prospect that Prime Minister Narendra Modi’s government will extend curbs on exports of the grain to keep a lid on food prices ahead of elections. Production in India, the world’s largest rice exporter, is under unusually intense…
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The government has imposed a 20% duty on the export of parboiled rice, a move aimed at maintaining adequate local stock and keep domestic prices under check. The export duty, imposed on August 25, will remain effective till October 16, 2023, the Finance Ministry said in a notification. Duty exemption would be available on parboiled…
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The domestic prices of rice are on an increasing trend. | Photo Credit: The Hindu The Centre banned the export of non-basmati white rice on Thursday. The Directorate General of Foreign Trade under the Union Commerce Ministry announced in a notification that the ban would come into effect immediately and exemptions would be given only…
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