India-US Trade Deal: 18% Duty on Basmati Rice, No Harm to Farmers - Piyush Goyal

Economy
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CNBC Awaaz•09-02-2026, 09:42
India-US Trade Deal: 18% Duty on Basmati Rice, No Harm to Farmers - Piyush Goyal
- •Union Minister Piyush Goyal confirms 18% duty on Basmati rice under India-US trade deal, down from 50%.
- •Minister assures no concessions on maize, dairy, GM food, or key agricultural products like rice, wheat, and sugar.
- •Farmers will not suffer losses; meat, poultry, dairy, GM food, and soy are excluded from the deal.
- •Import quota set for Dried Distillers Grains (DDGs) will not impact local feed demand or farmers.
- •Apples cheaper than Rs 100/kg will not be imported; MIP of Rs 80/kg plus Rs 20 duty set for US apple imports.
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