Centre lifts ‘minimum export price’ on basmati rice, increases duties on edible oils

The Ministry of Commerce and Industry has lifted the minimum export price for basmati rice to improve farmers’ income amid sufficient domestic supply. The government also increased the basic duty on refined oil to 32.5 percent, aiming to boost demand for mustard, sunflower, and groundnut crops, thereby benefiting farmers and rural employment.

Leave a Reply

Your email address will not be published. Required fields are marked *