Government's MEP Policy Review and Its Impact on Rice

Government cuts floor price of Basmati Rice Exports

Government cuts floor price of Basmati Rice Exports

On October 26, the Central government announced a reduction in the minimum export price for basmati rice from $1,200 per tonne to $950 per tonne. The decision came in response to concerns that the higher pricing had been negatively impacting the volume of basmati rice exports. This adjustment was communicated¬† by the Union Commerce Ministry … Read more