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Saturday, August 26, 2023

Govt imposes 20% export duty on parboiled rice; MEP on basmati coming

The government is initiating fresh measures to ensure that rice prices remain under control and overall inflation comes down. On Friday, the Centre imposed 20% export duty on parboiled rice (rice partially boiled with husk), barely a week after imposing 40% duty on exports of onion. Besides, it is expected to notify a minimum export price (MEP) for basmati rice, pegged at $1,200 (Rs 99,000) a tonne.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zM4Fcw3

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