Govt Mulls Easing Rice Export Curbs

The government is probably going to soon announce measures to loosen the limitations on rice exports that were put in place last year, given the abundance of rice inventories and healthy kharif crops. According to sources who spoke with FE, the MEP of $ 950 per tonne for basmati rice is anticipated to decrease, and a plan to impose a set cost of $ 90 per tonne on shipments of non-basmati rice a departure from the current norm of 20% export duty on parboiled rice is being examined. Prahlad Joshi, the minister of food, is expected to discuss the matter with the rice exporters on Monday.