Delhi/Hyderabad, Aug 26 (Hydnow): The Center on Friday imposed a 20 percent export duty on par-boiled rice with immediate effect.
The decision was taken to protect the interest of the local market, however, there are no plans to restrict the export of non-Basmati parboiled rice.
The decision to impose a 20 percent export duty on parboiled rice will make purchasing the commodity expensive for foreign buyers. thus limiting its overseas sales and at the same time boosting its domestic availability. India halted the export of white rice on July 20, sending global prices to a 12-year high as measured by the Food and Agriculture Organisation’s (FAO) rice price index.
The fresh curb on the export of the parboiled variety is likely to accelerate global prices further. Finance Minister Nirmala Sitharaman on Friday said that curbing inflation was a priority area for the government at present. (Hydnow)
Next Story:
-
No Change In Gold Prices In Hyderabad Today
The gold rates today stable in Hyderabad on 19 April, 2026. Going by the rates today, the price of 10 grams of 22-carat gold is Rs. 1,42,800 while the rate of 10 grams of 24-carat gold is at Rs 1,55,780.
-
Youth Commits Suicide Under suspicious circumstances
Suryapet / Hyderabad, April 18 (Maxim News): A young man died after hanging himself from a neem tree under suspicious circumstances on Saturday morning at Anantaram Adda Road in Penpahad Mandal of Suryapet district.
-
Private Bus Catches Fire In KPHB, Passengers Escape Unhurt
Hyderabad, April 18 (Maxim News) A major fire broke out in a private travel bus in the KPHB on Friday night, triggering panic among passengers. However, alert staff ensured that all 20 passengers were safely evacuated before the flames spread, averting a major tragedy.
-
Hyderabad: Father, 2-Year-Old Die in Road Accident
Hyderabad, April 15 (Maxim News): A horrific road accident took place on the Outer Ring Road in Hyderabad. A father and his two-and-a-half-year-old son died after being hit by a tanker that was watering trees.
-
Elder Brother Kills Younger Brother in Chaderghat
Hyderabad, April 15 (Maxim News): A brutal incident took place in the limits of Chaderghat police station in Hyderabad. An elder brother murdered his own younger brother. Geographic Reference
Now you can get the latest stories from Hydnow every day. Click the link to subscribe. Click to follow Hydnow’s Facebook page and Twitter and Instagram