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On July 20, India surprised buyers by banning exports of widely consumed non-basmati white rice to control rising domestic prices. The export ban trapped thousands of tonnes of non-basmati white rice at ports, leaving traders facing losses. Before the July ban on non-basmati white rice exports, overseas shipments of the grade would attract a 20% tax. After the DGFT order, around 150,000 tonnes of non-basmati white rice cargoes would be shipped out of various ports, said Prem Garg, president of the Indian Rice Exporters Federation. After banning non-basmati white rice exports, India on Friday imposed a 20% tax on parboiled rice shipments and introduced a floor price for overseas sales of basmati rice, as part of efforts to keep a lid on local prices.
Persons: Francis Mascarenhas, Prem Garg, Garg, Mayank Bhardwaj, Josie Kao Organizations: REUTERS, DELHI, Foreign Trade, Rice, Federation, West, Thomson Locations: Navi Mumbai, India, Africa, Asia . New Delhi, African
In Southeast Asia, some countries posted their highest ever recorded temperatures this week, while searing heat in the Indian subcontinent has killed more than a dozen people. Neighboring Myanmar set an April temperature record on Monday as Kalewa, in central Sagaing region, reached 44°C (111°F), Herrera tweeted. April and May are typically the hottest months of the year for South and Southeast Asia as temperatures rise before monsoon rains begin and bring some relief. On Monday, more than 100 weather stations in 12 provinces broke their April temperature record, according to climatologist Jim Yang. Extremely hot temperatures across South and Southeast Asia are expected to continue.
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