India set to export rice to the Philippines after reduction of import duty to 35%

India set to export rice to the Philippines after reduction of import duty to 35%

India’s rice exporters are gearing up to ship the grain to the Philippines from next month as the Southeast Asian nation has reduced the import duty on rice being shipped from India to 35% from 50%. Philippines is the second-largest importer of the commodity in the world. “We will be exporting non-basmati rice to the … Read more

Non-basmati rice exports from India increases 68% YoY in April-July period

Non-basmati rice exports from India increases 68% YoY in April-July period

KOLKATA: Non-basmati rice exports from India increased 68% year-on-year in the April-July period, helped by a drop in rice production in Thailand. India exported 2.99 million tonnes of non-basmati rice in the first four months of this financial year, up from 1.78 million tonnes a year ago, earning foreign exchange equivalent to Rs 8,903 crore … Read more