US Tariff Reduction Boosts India's Rice Export Competitiveness

India's rice exporters welcome the US decision to reduce tariffs from 25% to 18%. This move is expected to enhance competitiveness and demand in key markets as India approaches record rice production. The tariff reduction aligns India with its competitors, boosting market share and stabilizing trade with key partners.

India's rice exporters hailed a significant reduction in US import tariffs, which have dropped from 25% to 18%. This strategic move is anticipated to enhance India's competitiveness and demand in major markets, coinciding with an expected record production year.

The Indian Rice Exporters Federation (IREF) labeled this development as a positive boost for the nation's rice industry. With a projected production of 149 million tonnes for the 2025-26 crop year, Indian agricultural products continue to play a crucial role in global supply chains, even amidst historical tariff challenges.

The tariff reduction, part of the US bilateral trade deal, is seen as pivotal for improving price competitiveness and market share expansion, according to industry leaders. It aligns India's tariff rate closer to those of competitors like Thailand and Pakistan, ensuring its robust presence in the international rice market.

(With inputs from agencies.)