India has imposed a 20 percent duty on exports of parboiled rice with immediate effect, a move that could further reduce shipments from the world’s largest exporter and lift global rice prices, which are already trading near their highest levels in 12 years.
Last month, India surprised buyers by imposing a ban on exports of widely consumed non-basmati white rice, following a ban on broken rice exports last year. And in our country the story is just the reverse, The country’s rice export fell sharply, ie, 14 percent during the last fiscal year (FY23) due to lower crop output because of flooding. However, the expected bumper crop and ban on rice export by India will help achieve all-time high rice exports during this fiscal year (FY24), exporters said. “We will earn $2.7 to $3 billion through export of rice during this fiscal as sufficient rice stocks will be available for the exports,” he said. While the average citizen is purchasing rice by paying 100 percent more the price he paid sometime ago. But who cares let the dollars come and let the awam die of hunger. This is what is Pakistan going through since the comign the that shameless enforced government which again fled away to London and left their stooges to rule.
