India: Govt exempts non-basmati white rice from export duty, sets floor price at USD 490/tonne

New Delhi, Sep 28 (PTI) Withdrawing a blanket ban on overseas shipments of non-basmati white rice, the government on Saturday imposed a floor price of USD 490 per tonne and exempted the commodity from export duty. Exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply. The measures came at a time when the country has ample stock of rice at government godowns and retail prices are also under control. The government has exempted non-basmati white rice from export duty, while reducing the levy on parboiled rice to 10 per cent. The duty cut came within a fortnight of the government’s decision to remove the minimum export price on basmati rice. In a notification issued on Friday, the revenue department under the finance ministry said it has also reduced export duty on husked (brown rice), and rice in the form of husk (paddy or rough) to 10 per cent. The export duty on these varieties of rice as well as non-basmati white rice was 20 per cent so ...