Indian authorities extend the 20% export duty on parboiled rice till March 31 to ensure domestic stock stability. The move follows a ban on white broken rice exports last year, amidst rising grain prices and a boost in exports.

India solidifies its position as a leading rice exporter by indefinitely maintaining the minimum export price for Basmati rice, aiming to stabilize domestic prices and maintain market stability. This step also ensures the proper representation of its different rice varieties in international markets.

Amid the weakest monsoon season in five years, Indian officials contemplate moving sugar exports to the ‘prohibited’ category for the 2023-24 season. This move, prompted by concerns over falling sugarcane production and potential threat from El Niño, could result in a complete export ban.

India, the world’s largest rice exporter, has upheld the minimum export price (MEP) for basmati rice to regulate overseas shipments. This measure aims to maintain local rice supplies, stabilize prices and prevent misrepresentation of non-basmati rice in export practices.

Basmati rice farmers in India face significant losses as the government’s decision to set the Minimum Export Price (MEP) to $1,200 per tonne leads to a steep price drop. This, coupled with adverse weather and geopolitical tensions, may further harm India’s rice export industry, allowing Pakistani exporters to gain market ground.

Discover the latest developments in the global rice trade as India sustains basmati rice export floor price, impacting rice suppliers and exporters worldwide. Stay informed about this key market player’s attempts to regulate local prices and maintain product authenticity ahead of vital state elections.

The Indian government is extending the current base export price (MEP) for basmati rice, to stabilize domestic prices. The decision seeks to regulate all rice exports, including non-basmati types, affirming India’s influential role in global rice export prices and demand.

Explore the latest insights from Fitch Solutions, revealing the link between inflation rise in Pakistan and increased food and energy costs. Also, learn how the ongoing devaluation of the Pakistani rupee could exacerbate imported inflation, potentially leading to significant policy rate hikes from the State Bank of Pakistan.

India extends 20% tax on parboiled rice exports till March 2024, shaking the global rice market. This move by the world’s largest rice exporter could potentially trigger a hike in global rice prices.

India extends 20% export duty on parboiled rice until March 2024 in a bid to ensure domestic availability and regulate rice pricing. Changes to export norms may affect imports from countries including Benin, Nepal, and Bangladesh.