High Minimum Export Price has led to Indian exporters returning empty-handed from two recent international food fairs as international buyers turned to Pakistan.
Exporters warned that the decision - announced in a circular issued on Saturday - will help Pakistan to eat into India s share in global markets as the neighbouring nation has already brought down MEP of the long-grained aromatic rice to $1,050 per tonne, and said they will stop buying basmati rice from farmers.
India to cut floor price for basmati rice exports after drop in overseas sales khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.
India will cut the floor
price for basmati rice exports in the coming days, sources
familiar with the matter said, after millers and traders
complained about a sharp drop in overseas sales of the. -September 25, 2023 at 07:30 pm EDT
- MarketScreener