India will cut floor price for basmati rice exports as buyers turned to Pakistan
Last month, New Delhi fixed the minimum export price at $1,200 per metric ton
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Last month, New Delhi fixed the minimum export price at $1,200 per metric ton
Trade sources revealed that Commerce Minister Piyush Goyal held a virtual meeting with basmati exporters, during which industry representatives emphas
India will lower the basmati floor price to $850 a metric ton, down from $1,200 a ton, to help millers and traders ship out the rice grade, said the sources.
Trade sources revealed that Commerce Minister Piyush Goyal held a virtual meeting with basmati exporters, during which industry representatives emphasized the need to lower the MEP to $850 per tonne.
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