India allows export of rice to Singapore

According to Reuters, India’s Ministry of External Affairs said on August 29 that the country had decided to allow rice export to Singapore.

Wednesday, August 30, 2023 09:25

India allows export of rice to Singapore ảnh 1

Illustrative image (Photo: reuters.com)

Hanoi (VNA) – According toReuters, India’sMinistry of External Affairs said on August 29 that the country had decided to allowrice export to Singapore.

A spokesperson forthe ministry said that formal orders in this regard will be issued shortly.

Lastmonth, India surprised buyers by imposing a ban on the export of widely consumednon-basmati white rice, following another on broken rice export last year.

India,which is scrambling to rein in inflation ahead of state elections later thisyear, on August 25 also expanded curbs on rice export with a 20% duty on parboiledrice effective until October 15.

India accounts formore than 40% of world rice export, and low inventories with other exportersmean any cut in shipments could further inflate food prices already driven upby Russia - Ukraine conflict and erratic weather./.

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