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India's non-basmati rice export falls after govt withdraws tax incentive

Government's decision to increase MSP consistently had raised cost of procuring

Brown: (Kichadi Samba )  A variety native to Tamil Nadu, it has a relatively low GI of 50 and was preferred by royalty. The unrefined brown raw rice has all of its bran intact, and is more nutritious than parboiled rice.
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Brown: (Kichadi Samba ) A variety native to Tamil Nadu, it has a relatively low GI of 50 and was preferred by royalty. The unrefined brown raw rice has all of its bran intact, and is more nutritious than parboiled rice.

Dilip Kumar Jha Mumbai
India’s exports of non-basmati rice declined by half between April and May this year after the government withdrew 5 per cent incentives from April 1.

Data compiled by the government-owned Agricultural & Processed Food Products Export Development Authority (Apeda) showed India’s overall exports at 711,837 tonnes for April-May 2019 compared to 1.53 million tonnes shipped for the corresponding period of the previous year. In value term, India’s overall non-basmati rice exports plunged by more than 50 per cent to $294 million (Rs 2046 crore) for the first two months of FY 2019-2020 as against $652 million (Rs 4347 crore) in

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First Published: Jul 29 2019 | 6:56 PM IST

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