India Implements 20% Duty on Parboiled Rice Exports, Expanding Restrictions
India has imposed a 20% duty on parboiled rice exports, following a ban on non-basmati white rice exports last month. The move is expected to further reduce shipments from the world's largest exporter and increase global rice prices, which are already at their highest levels in 12 years. The restrictions on rice exports, including parboiled rice, have led to record-high prices and limited options for buyers. India's curbs on food commodity exports reflect the government's concern over food inflation ahead of an upcoming general election.