India gave the go-ahead on Saturday for exports of non-basmati white rice to resume as inventories in the world's biggest exporter of the grain surge and farmers prepare to harvest a new crop in the coming weeks.

India loosened restrictions on some rice exports, a move that may ease global prices and signal a shift in domestic agricultural policies following recent national elections.

NEW DELHI: India on Saturday allowed exports of non-basmati white rice exports as inventories in the world’s biggest exporter of the grain surged and farmers are set to harvest a new crop in the coming weeks. New Delhi set a floor price for non-basmati exports at $490 per tonne, a government order said.

India on Friday reduced export duty on parboiled rice to 10% from 20% earlier, the government said in a notification.

In addition to parboiled rice, the government has also slashed the export duty on husked (brown) rice and rice in husk (paddy or rough) to 10%.