India slices export duty on parboiled rice to 10% from 20%

India has slashed the export duty on parboiled rice to 10% from 20%, effective immediately, the country's Ministry of Finance (Department of Revenue) said in a notification released Sept. 27. The move is likely to boost rice exports and raise prices in India's domestic rice market. To rein in food inflation, the government in July 2023 banned the export of...