Govt extends 20% duty on non-basmati rice till March 31

Team Blitz India

NEW DELHI: The Government extended the 20 per cent duty on export of non-basmati rice by over five months till March 31.
The 20 per cent export duty on non-basmati rice was imposed on August 25 till October 16 to maintain adequate local stock and keep domestic prices under check.

Non-basmati white rice constitutes about 25 per cent of the total rice exported from the country.
In July, the Government banned export of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season.

In September last year, exports of broken rice were prohibited. In the April-June period this fiscal, about 15.54 lakh tonnes of non-basmati white rice was exported against only 11.55 lakh tonnes in the year-ago period.