New Delhi, April 14 -- LT Foods Ltd, India's premier rice exporter, is regaining its footing after a volatile year due to trade protectionism and shifting global tariffs. The shares, which retreated from an all-time high of Rs.519 in July, are finding support again as the company navigates a complex regulatory landscape in the US, its most critical market. The shares are now at Rs.406.30.

The key reason for the recovery is a significant reduction in US import duties. After facing a 50% tariff on Indian rice imposed in August, the company received some support in February when the rate was reduced to 18%. The US accounts for about 46% of LT Foods' total revenue, making the tariff relief vital for the company's outlook.

Despite geopolitic...