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basmati rice: Basmati export floor price to hit farmers

Farmers in Haryana, Punjab, and western Uttar Pradesh are facing a loss of ₹8,000-10,000 per acre due to the government s decision to set a minimum export price of $1,200 per tonne for basmati rice. Prices of the new crop have dropped by ₹400 per quintal in the past week. Millers and exporters are pressuring farmers to sell at a lower price in anticipation of the government removing the minimum export price after October 15.

Farmers, traders worried as Centre s cap on basmati export leads to price fall

The restrictions have resulted in a fall in wholesale prices of aromatic basmati paddy varieties by up to ₹800 per quintal, while the exporters in the country have not received the orders from the importers in Middle Eastern countries for the upcoming season

MEP disrupts basmati rice exports, India fast losing market share

MEP disrupts basmati rice exports, India fast losing market share
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

India losing market share for basmati rice

India s global market share in basmati rice is declining due to the government s decision to set a minimum export price of $1,200 per tonne. At a recent food fair in Turkey, no Indian companies received orders for the new basmati crop because of the high price. Global buyers are also delaying payments for orders shipped before the price was set.

Basmati rice exports fall sharply after MEP fiat | The Financial Express

Basmati rice exports fall sharply after MEP fiat | The Financial Express
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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