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India Extends 20% Export Duty on Parboiled Rice Until March 2024

The central government of India has prolonged the 20% export tariff on parboiled rice till March 31, 2024, according to an official notification.

According to an official notification, the central government of India has extended the 20% export duty on parboiled rice until March 31, 2024.

The initial duty was introduced on August 25, 2023, with an expiration date of October 16, 2023, to ensure sufficient domestic availability of rice and control its pricing.

Export Policy Changes:

In July, India amended its export norms, categorizing non-basmati white rice as “prohibited” for export. 

However, it allowed exports based on permissions granted to other countries for their food security needs upon the request of their respective governments.

Key destinations for non-basmati rice exports from India include Benin, Nepal, Bangladesh, China, Cote D’Ivoire, Togo, Djibouti, Madagascar, Senegal, Guinea, Vietnam, Cameroon, Somalia, Malaysia, Liberia, and the UAE.

Additional Safeguards:

In August, India introduced additional safeguards on basmati rice exports to prevent the illegal export of non-basmati white rice, which had been prohibited since July. 

This was in response to credible reports of misclassification as well as illegal export of non-basmati white rice under different HS codes.

Rice Export Policy Changes:

India had previously banned the export of broken rice and imposed a 20% duty on non-basmati rice, excluding parboiled rice, in September 2022 due to concerns about underestimated production. The ban was later lifted in November of the same year.

Get all the latest update on UAE Times Now

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