Indian Government Considers Setting Minimum Export Price for Basmati Rice

After imposing a ban on the export of non-basmati white rice, India’s predominant shipment category, the government is now likely to set a minimum export price for basmati rice, as per sources cited by Reuters. The proposed floor price for basmati rice exports could be set at $1,200 per metric ton. This move aims to regulate the export pricing and ensure consistent revenue from the rice exports.