New Delhi: India’s exports of basmati rice to Egypt and European countries may get hit if the conflict in the Red Sea doesn’t abate and the country may have to take a longer route around Africa to ship the commodity which can raise costs by 15-20%, an official said Thursday. Moreover, overall exports face a … Read more
India’s decision to ban exports of broken rice and impose export duties of up to 20% on other rice varieties has come under fire at the World Trade Organization (WTO). At a meeting on Thursday, the United States, the European Union and Senegal posed questions about the decision’s adverse effect on global markets. They said … Read more
India on Thursday imposed 20 per cent export duty on export of various types of rice, excluding the parboiled and Basmati rice . As per a release by the Department of revenue, under the Ministry of Finance, the 20 per cent levy will be imposed on export of rice in the husk (paddy or rough), … Read more