Government Plans to Lower Minimum Export Price (MEP) for Basmati Rice Exports

Indian government plans to lower MEP for Basmati rice exports:
  • Why? To boost exports and remain competitive with Pakistan, which has set a lower MEP for its Basmati rice.
  • How much? The MEP may be slashed by approximately $300 per tonne, bringing it down to $900 per tonne.
  • What impact? This is expected to make Indian Basmati rice more attractive to global buyers, potentially leading to an increase in export volumes.
  • What now? Traders and exporters are closely watching these developments as the government finalizes its decision.

Stay tuned for further updates!