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India's Central Government removed the 20% export duty on rice in the husk of seed quality, effective April 11, 2023, via a customs notification. The change amends the October 2022 customs notification that set export duties on paddy.
Removing the export duty on seed-quality paddy eases exports of that grade and may modestly lift international rice trade flows, a mildly bearish signal for global rice prices.
taxguru.inEditor4Apr 10, 2023
taxscan.inManu SharmaApr 11, 2023After 100 past bearish policy events, RICE moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
