India is considering reducing the floor price for basmati rice exports and replacing the 20% export tax on parboiled rice with a fixed duty to address record-high rice inventories. This move aims to boost shipments and compete with Pakistan, the other leading basmati rice exporter. The government may also introduce a minimum export tax to prevent under-invoicing and review the ban on non-basmati white rice exports, depending on rice planting progress. Read The Rest at :
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