Monday 29, May 2023

India imposes 20% duty on rice exports of various grades

Reuters, Mumbai:India on Thursday imposed a 20% duty on exports of various grades of rice, according to a statement seen by Reuters, as the world's biggest exporter of the grain tries to calm local prices.

Below-average rainfall in key rice-producing states such as West Bengal, Bihar, and Uttar Pradesh has raised concerns over rice production in a country that has already banned wheat exports and restricted sugar shipments this year.

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