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In line with S&P World wide Commodity Insights, the Indian Governing administration's plan intervention in 2023, such as banning non-Basmati white rice exports, imposing a 20 per cent responsibility on parboiled rice exports, and location a minimum amount export cost of ₹950/ million tonnes (mt) for Basmati, will continue on to impact the marketplace.
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West Africa, a major consumer of Indian rice, is anticipated to encounter subdued demand from customers because of to cost sensitivity. In more info 2023, anticipating export curbs, numerous potential buyers in West Africa imported huge volumes of rice.
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