June 7, 2023

India’s rice export restrictions keep 1 million tonnes in ports

MUMBAI: Due to purchasers’ refusal to pay the government’s additional 20% export fee on top of the negotiated contract price, rice loading at Indian ports has ceased, trapping close to one million tonnes of grain there. On Thursday, India, the world’s largest exporter of the grain, banned the export of broken rice and placed a […]

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