India Plans to Adjust Rice Export Policies Amid Competition with Pakistan

New Delhi: India is reportedly planning to modify its rice export policies, including reducing the floor price for basmati rice and changing the 20% export tax on parboiled rice to a fixed duty. This move is seen as an attempt to strengthen its position in the global rice market and compete more effectively with Pakistan, which has recently increased its rice exports.

According to Kashmir Media Service, the changes are in response to Pakistan’s rising success in the rice export sector, which has reportedly caused concern among Indian trade officials. By adjusting these export restrictions, India aims to reclaim a competitive edge in the international market and address the challenges posed by Pakistan’s growing export figures.

The post India Plans to Adjust Rice Export Policies Amid Competition with Pakistan appeared first on pakistannewsgazette.com.