Indian rice companies confident about steady shipments despite Trump threat

Rice firms on Tuesday said they were confident about steady shipments abroad since India, the world’s largest exporter, catered to a well-diversified market, making the business resilient to shocks, comments made in response to President Donald Trump’s fresh signal he could impose new tariffs on the Indian grain.

- Zia Haq

India is estimated to ship 25 million tonnes of rice this season.

(HT)

At a White House event, President Trump said he would “take care” of alleged dumping of Indian rice into the US even as a trade deal between the two countries remained elusive amid protracted negotiations.

“With the imposition of a 50% tariff, the duty has risen by 40 percentage points. Despite this sharp hike, exports have continued, reflecting the product's essential nature in the consumer basket,” a spokesperson for the Indian Rice Exporters’ Federation said.