India imposed more curbs on shipments of rice to ensure its food security, a move by the top exporter that's likely to further squeeze global supplies of the grain. The government levied a 20% export tax on parboiled rice with immediate effect, according to a notification by the Finance Ministry late on Friday (Aug 25), confirming an earlier report by Bloomberg News . India has now restricted overseas sales of all non-basmati varieties, which account for about 80% of its total rice shipments.

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