India loosened restrictions on some rice exports, a move that may ease global prices and signal a shift in domestic agricultural policies following the recent national elections.

India on Friday reduced export duty on parboiled rice to 10% from 20% earlier, the government said in a notification, as inventories in the world's biggest exporter of the grain surged and farmers are set to harvest a new crop in the coming weeks.

India has removed export duty on non-basmati white rice and reduced duty on other rice varieties like parboiled and paddy. This move aims to boost rice exports.

Indian government reduces export duty on rice to 10% from 20% to boost agricultural exports amid El Nino impact.

With India's export restrictions now lifted, Pakistan's non-basmati rice exports could also come under strain, particularly in African and Southeast Asian markets, where both nations compete for dominance. However, some experts believe the situation may not be as dire as anticipated.

The government has exempted export of non-basmati white rice from customs duty. In a notification issued late Friday, the revenue department also reduced export duty on parboiled rice, husked (brown rice),

In addition to parboiled rice, the government has also slashed the export duty on husked (brown) rice and rice in husk (paddy or rough) to 10%.