# India scraps parboiled rice export tax to boost shipments

> India scrapped its export tax on parboiled rice by official order on Tuesday, after inventories surged and a bumper crop was expected following copious monsoon rains. The move follows a September cut in the duty from 20% to 10% and a floor price on non-basmati white rice exports.

- Date: 2024-10-22 · published 2024-10-22T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/27794-india-scraps-parboiled-rice-export-tax-to-boost-shipments
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Removing the duty lets India, the world's largest rice exporter, sell more parboiled rice abroad, adding supply to a market that is already soft and pressuring global rice prices lower.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2025-02-03 | [Govt decides to scrap export tax on parboiled rice to boost exports -](https://feedsoft.ai/events/26007-govt-decides-to-scrap-export-tax-on-parboiled-rice-to-boost-exports.md) | -0.9% | -3.6% |
| RICE | 2024-09-27 | [Centre cuts export duty on parboiled rice to 10% \| Mint](https://feedsoft.ai/events/12951-centre-cuts-export-duty-on-parboiled-rice-to-10-mint.md) | +1.6% | +0.8% |
| RICE | 2024-10-23 | [India lifts all curbs on rice exports, scraps 10% export duty on parboiled rice, $490 floor price for white rice - The HinduBusinessLine](https://feedsoft.ai/events/27795-india-lifts-all-curbs-on-rice-exports-scraps-10-export-duty-on-parboiled-rice.md) | -1.2% | -0.2% |
| RICE | 2024-10-23 | [With granaries full, India axes export duty on parboiled rice \| Mint](https://feedsoft.ai/events/27796-with-granaries-full-india-axes-export-duty-on-parboiled-rice-mint.md) | -1.2% | -0.2% |
| RICE | 2025-03-07 | [India allows exports of broken rice to cut stockpiles](https://feedsoft.ai/events/25548-india-allows-exports-of-broken-rice-to-cut-stockpiles.md) | +4.9% | +1.4% |

## Sources

- reuters.com: https://www.reuters.com/world/india/india-scraps-export-tax-parboiled-rice-boost-exports-2024-10-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.