Govt extends 20% export duty on parboiled rice until March 2024
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Photo By Agrihunt
The Centre has extended the 20 per cent export duty on parboiled rice until March 31, 2024, as it was to expire on October 15. The step has been taken to check domestic prices of rice amid state elections in some states scheduled next month, traders said. The government has yet to release the output estimates of kharif crops, which are normally announced in the third or fourth week of September.
The export duty was imposed with immediate effect in August this year to curb a surge in shipments, and a month before the decision, a ban was imposed on the export of (non-basmati) white rice. Already, a ban on the export of broken rice has been continuing.
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