Export duty on parboiled rice extended
NEW DELHI: The Centre has extended the 20% export duty on parboiled rice until the end of March 2024. This measure, initially imposed in August and set to expire on Sunday, aims to ensure domestic availability and curb excessive exports. Government sources indicate that the duty extension will help stabilize prices, crucial ahead of the general elections and upcoming state polls. The decision also considers the expected kharif paddy harvest.
NEW DELHI: Centre on Friday extended the 20% export duty on parboiled rice till end of March 2024, to ensure easy availability and dissuade exporters from shipping out large quantities of the item. The government had imposed the duty in August, which was originally set to expire on Sunday.
Sources said the government would wait for the upcoming harvest of kharif paddy and any decision will be taken considering this factor. They added that the export curbs due to the duty have helped keep prices in check and government doesn’t want to take any risks before the next general election. The decision to extend the duty period comes just ahead of the upcoming state polls in five states.
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