Indian exporters adopt wait-and-watch approach to 27% US tariff on rice

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Indian rice exporters are adopting a wait-and-watch approach following United States' decision to impose 27 per cent tariff on imports, though industry leaders say the long-term impact may be limited due to India's inherent competitiveness.

With strategic planning and flexibility, we cannot only protect, but also expand our footprint in the US market," Prem Garg, national president of the Indian Rice Exporters Federation (IREF), told PTI.

"In FY24, India exported 2.34 lakh tonnes of basmati rice to the US out of 52.4 lakh tonnes.

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Category: BusinessFinance

Markets: IndiaChinaPakistanThailandUnited StatesVietnam

Topics: 27% US tariff Global rice trade Basmati rice export Rice export US import tariffs Basmati rice pricing Indian rice Rice industry news Indian Rice Exporters Federation US rice tariff impact Indian rice market

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-04 @ 19:22:40 (18 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © Business Standard

News ID: 27585390

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