💨 Abstract

India has resumed exports of non-basmati white rice due to surging inventories and upcoming harvest. The move is expected to increase global supplies, lower international prices, and benefit farmers. The government set a floor price of $490 per metric ton and reduced the export tax to zero. This decision follows a series of measures to ease restrictions on various rice varieties, including basmati and parboiled.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖