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Showing posts with the label Rice Export


   "Navigating Challenges: Indian Rice Exporters Confront Policy Uncertainties and Surging Prices in 2024" Introduction: In 2024, Indian rice exporters find themselves amid a formidable year as they grapple with the complexities of policy uncertainties and persistently high local prices. The path to normalize rice exports from India is riddled with obstacles, triggered by a series of policy measures in 2023. These included a ban on non-Basmati white rice exports, a 20% duty on parboiled rice exports, and a minimum export price of $950/mt for Basmati rice. Policy Challenges: The repercussions of these policy decisions resonated across the global market, propelling rice prices to multi-year highs in 2023. Unfortunately, industry experts project this trend to endure at least until the first half of 2024, with sources indicating that the government is unlikely to ease restrictions before the upcoming general election in April-May 2024. The government's cautious stance may be