US tariff cut to 18 per cent to boost Indian rice exports: Exporters
Kolkata (PTI): The Indian Rice Exporters Federation (IREF) on Tuesday expressed optimism over a proposed reduction in United States import tariffs on Indian goods to 18 per cent, down from the earlier 25 per cent.
The federation expects this move to restore price parity with competing nations and significantly boost shipment volumes.
According to IREF National President Prem Garg, the revised tariff structure would place India on a par with competitors like Thailand and Pakistan, which currently face duties of approximately 19 per cent.
"The move to lower tariffs from the earlier 25 per cent to 18 per cent is a significant victory for price parity. This effectively neutralised the duty disadvantage we faced against competitors like Thailand and Pakistan.
" Indian rice can now compete on a level playing field in one of our most high-value markets," exporter RiceVilla Group's CEO Suraj Agarwal said.
The industry is also hopeful that a potential penalty related to India's purchase of Russian oil be waived by US authorities.
"The federation welcomes this move, as tariff parity is expected to translate into improved competitiveness and stronger demand in key markets," Garg said.
He said the development comes as India enters the season with a record rice production of approximately 149 million metric tonnes. The IREF noted that Indian agri-products have shown remarkable resilience; for instance, rice exports to the US rose even when duties were previously hiked from 10 per cent to 50 per cent.
From April to November 2025, Basmati exports reached 1,99,558 tonnes valued at Rs 1,749.17 crore, while non-basmati shipments stood at 40,960 tonnes, worth Rs 284.12 crore.
The IREF further clarified that it does not anticipate disruptions in trade with Iran, despite questions regarding additional tariffs linked to that corridor. "Based on current visibility, IREF expects continuity in export flows," a statement said.
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Mhatre's fifty carries CSK to 209/5 against PBKS
Chennai (PTI): Ayush Mhatre showcased his abundant talent with a 43-ball 73, powering Chennai Super Kings to a competitive 209 for five against Punjab Kings in an Indian Premier League match here on Friday.
Mhatre and skipper Ruturaj Gaikwad (28) added 96 runs for the second wicket, the crux of the CSK innings, after Sanju Samson returned to the hut early.
Samson inexplicably moved down to the leg-side and tried to cart Xavier Bartlett’s out-swinger over covers, but all he could manage was a healthy edge to Prabhsimran Singh behind the wicket.
But his dismissal proved a minor jitter, as Mhatre tore apart Punjab's bowling with power and precision.
Pacer Bartlett was the aggrieved party early as Mhatre smashed him for three fours in a row — a loft through mid-wicket, a flick and a pull. His audacity helped CSK reach 57 for one in the Power Play.
Mhatre seemed to have put behind, at least for now, his issues against short-pitched balls, as the Mumbai young man later pulled Marco Jansen for a six.
Mhatre later punished Marcus Stoinis for two sixes in a row — both down the ground — and the first maximum also fetched his fifty in 29 balls.
But he shrugged a bit against the guiles of Yuzvendra Chahal, failing to read him well.
The veteran leg-spinner foxed Mhatre, 17 years younger to him, with a series of googlies, but fortune was not in favour of the former.
On 59, Mhatre was dropped by Vijayakumar Vyshak inside the circle and later on 67 by Shahshank Singh in the deep.
But luck eventually ran out as Mhatre’s attempt to steer Vyshak ended in the hands of Chahal at short third man, as both of them got their own piece of revenge.
In between, Gaikwad too was ousted by Chahal as CSK’s march dulled a bit between 10th and 15th overs. In those five overs, the home side managed just 45 runs.
Sarfaraz Khan (32, 12 balls) tried to instil some urgency into CSK innings while playing his trademark dabs and close-to-body shots for a flurry of boundaries.
Sarfaraz clobbered Arshdeep Singh and Vyshak for a hat-trick of fours each with those impish shots before skying Vyshak to Nehal Wadhera.
But that knock coupled with a few strong hits by Shivam Dube (45, 27b) helped CSK eke out 64 runs in the last five overs and this total could see some interesting chase as still there has been no trace of dew in Chepauk.
