India's rice exports could fall by around a quarter this year: Report
Updated: 15 Sep 2022, 11:02 AM IST
TL;DR.Rice exports jumped to 9.36 million tonnes in the first five months of the current fiscal year that began on April 1, up from 8.36 million tonnes in the same period a year ago, according to government data.
In August, rice prices shot up due to the rise in demand from Bangladesh, Iran, Iraq, and Saudi Arabia. Bangladesh has reduced its import duty and tariff to 25%, from the previous 62.5%, in June 2022.