India will provide incentives for non-basmati rice exports for the four months. This move of the government will help to boost flagging overseas sales.
The trade ministry, in its order dated November 22, said that the government will give 5% subsidy for non-basmati rice exports for the four months from November 26, 2018 to March 25, 2019.
The country’s rice exports during April-September dropped 9.6% from a year earlier to 5.8 million tonnes, as leading buyer Bangladesh reduced purchases due to bumper local harvest.