Considering review of basmati rice minimum export price, says government

The Indian government is considering a review of the minimum export price of basmati rice amid concerns from the industry that high prices are affecting outward shipments. Rice exporters are requesting that the minimum price be lowered to around $850 per tonne. The government’s current minimum export price is $1,200 per tonne, implemented to prevent the illegal export of non-basmati rice disguised as premium basmati rice.