India Exporters Rice Shipment Production

The Centre's move to impose a 20 per cent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around five lakh metric tonnes to after mid-October to avoid paying the tax, three leading exporters told Reuters.

He said that exports recorded a significant contraction in April last year but gradually things started improving and have entered positive territory.

The Centre's move to impose a 20 per cent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around five lakh metric tonnes to after mid-October to avoid paying the tax, three leading exporters told Reuters.

He said that exports recorded a significant contraction in April last year but gradually things started improving and have entered positive territory.