High Minimum Export Price has led to Indian exporters returning empty-handed from two recent international food fairs as international buyers turned to Pakistan.
In a meeting that took place in New Delhi on Friday, exporters of the crop from Punjab said India currently is the sole producer of premium Basmati globally.
Approximately 6 lakh hectares of land in the state have been dedicated to Basmati cultivation this year. Of this, nearly 40 per cent is allocated to short Basmati varieties like PUSA 1509 and 1847, with an additional 5 per cent dedicated to variety 1692.