India imposes curbs on basmati rice exports; contracts with value below $1200 a ton temporarily halted: Govt notification

India has imposed restrictions on the export of basmati rice, following the imposition of a 20% duty on parboiled rice. The government has set a minimum export price of $1,200 per ton for basmati rice shipments. Contracts below this price will be put on hold and evaluated by a committee.

from Economy-News-Economic Times https://ift.tt/Omk5bj7
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