India has reduced the export duty on various types of rice, including parboiled rice, from 20% to 10% and entirely removed the duty on white rice, effective immediately. This move follows the lifting of the ban on non-basmati white rice exports, which was initially imposed in July 2023 to ensure domestic supply and price control. The changes are expected to boost rice shipments, lower global prices, and benefit farmers with higher returns from the upcoming harvest. Exporters have praised these decisions as transformative for the agricultural sector. The relaxation of export restrictions comes as India's rice stocks have significantly increased due to favorable monsoon rains.