India Mulls Extension of Parboiled Rice Curbs Forward of Key Polls

India, the world’s high rice exporter, might lengthen an export levy on parboiled rice to regulate native costs forward of key polls, maintaining the market tight and elevating the danger of upper international meals inflation.

The federal government is contemplating an extension to a 20% export levy, which is because of expire on Oct. 15, in keeping with individuals acquainted with the matter who requested to not be recognized because the talks are confidential. There aren’t any plans to boost the tax to 40%, as speculated by some market individuals, they stated.