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Date: 22/10/2024

Govt seen removing MEP on white rice exports

The restrictions on Indian rice exports are set to ease further, as the current minimum export price of $490/mt FOB on white rice exports is expected to be removed soon, according to S&P Global Commodity Insights. The move is likely to enhance the competitiveness of Indian white rice in the global market, leading to an expected boost in exports and trade activities. A team of delegates from the Indian Rice Exporters Federation met Minister of Commerce Mr Piyush Goyal to discuss the export policy issues restricting Indian rice trade. They requested a complete waiver of 10% duty on parboiled rice and the removal of MEP on white rice. India is forecast to export 20.5 mt of rice in?the marketing year 2024-25 (October-September),?up 37% on the year, Commodity Insights data showed, as per a report.

Source: Exim News Service: London, Oct. 21