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Government considering review of basmati rice
October 17, 2023
|The Business Guardian
The Indian government is actively considering a review of the minimum export price (MEP) for basmati rice, currently set at $1,200 per tonne, in response to concerns from the rice industry
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Rice exporters have been requesting a reduction of the MEP to around $850 per tonne. The government had imposed the higher MEP in late August to prevent “illegal” shipments of nonbasmati rice disguised as premium basmati rice. The Ministry of Consumer Affairs, Food & Public Distribution announced that it is reviewing the FOB (Free on Board) price of export contracts for basmati rice, which has been adversely affecting exports.
هذه القصة من طبعة October 17, 2023 من The Business Guardian.
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