Prices of parboiled rice surge 12 per cent as global demand picks up
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Photo By Agrihunt
Kolkata: Prices of non-basmati parboiled rice like IR 64 have surged nearly 12% in the past ten days, as markets such as Africa and West Asia are heavily buying this variety of rice from India to meet their domestic demand. Overseas demand for parboiled rice has shot up following the Centre’s decision to ban the export of raw, white rice on July 20, given apprehensions among global buyers that India may ban export of parboiled rice as well.
