28/09/2024
π¨ Good News for All Rice Exporters and Buyers! πΎ
The Indian government has introduced key changes in its rice export policy:
1οΈβ£ Non-Basmati White Rice:
Export of Non-Basmati White Rice is now allowed! π
However, it's subject to a Minimum Export Price (MEP) of USD 490/tonne.
2οΈβ£ Updated Export Duties:
Rice in the husk (paddy), Husked (brown) rice, and Parboiled rice will now have an export duty of 10%.
For semi-milled or wholly milled rice (excluding Parboiled and Basmati), the export duty has been reduced to NIL!
These updates are effective immediately and offer a positive shift for our industry. Let's move ahead with new opportunities! π’πΌ