Export duty has been reduced from 10 per cent to ‘nil’ on parboiled rice, husked (brown) rice and rice in the husk (paddy or rough). Last month, the government had exempted non-basmati white rice from export duty. It had also reduced the levy on parboiled rice, husked (brown rice), and rice in the husk (paddy or rough) to 10 per cent, from 20 per cent earlier.
Non-basmati white rice constitutes about 25% of the total rice exported from the country. Separately, the minimum export price for basmati rice was scrapped to boost outbound shipments and enhance farmers’ income. India is the top exporter of rice in the world. Production this year is estimated to have improved following good monsoon. Sowing of paddy, the main kharif crop, begins with the onset of southwest monsoon from June, and harvesting takes place from September.
Presentation- Dibyabharati Nayak
