Page 10 - Minimum Export Price News Today

Punjab produces maximum basmati rice in the country, said CM Bhagwant Mann.

The millers of Punjab are worried that the recently imposed export curbs by centre on basmati Rice will have a heavy blow on Indian farmers and will consequently favour the Pakistan’s export industry, reported Indian Express. 

In India, only 2%-3% of the total basmati grown is consumed within the country. Hence, basmati is primarily grown for export.

Chandigarh: AAP MP Vikramjit Singh Sahney will lead a delegation of MPs from Punjab to meet Union minister for consumer affairs Piyush Goyal to seek h.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Addressing the gathering during ‘Kisan Mela’ organised at the Punjab Agricultural University, the CM said, “This decision will do considerable damage to the economic situation of the farmers as well as the traders.”

Lamenting that the restrictions on the export of basmati imposed by the Union government is against the interests of the farmers, Punjab Chief Minister Bhagwant Mann on Friday demanded immediate rollback of what he called an "arbitrary decision". Addressing the gathering during Kisan Mela

The Indian government has set a minimum export price of $1,200 per tonne on basmati rice shipments and imposed a 20% duty on non-basmati parboiled rice exports in an effort to control domestic prices ahead of key state elections. The measures come after heavy rainfall and poor crop prospects have affected rice production. These actions effectively curb exports of non-basmati rice varieties, which make up 80% of Indias total rice shipments. The government aims to delay shipments and assess expect...

The government works hard to project itself as being farmer-friendly. It likes to maintain that it is committed to a self-reliant India (atma nirbhar Bharat).

Approves 70mmcfd gas for two fertiliser plants and Rs28bn grant for defence ministry.