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Tamil Nadu rice millers are asking for the 5% GST on paddy de-husking to be withdrawn, arguing that small hullers with under two tonnes capacity would be hit hard. They also call for a dedicated mechanism for rice exports from the state, citing buyer payment disputes.
A tax on small hulling operations could slightly raise milling costs and trim local rice supply, though the effect on world prices is likely minor.
thehindu.comDeepa H. RamakrishnanMar 1, 2018After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), 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.
