Understand Latest Happenings in the Rice Market

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