Basmati put under minimum export price
Mint Mumbai|August 28, 2023
The government set a minimum export price (MEP) of $1,200 a tonne on basmati rice shipments in a move aimed at reining in domestic prices ahead of elections in key states. The move came a day after it imposed a 20% duty on non-basmati parboiled rice exports, effective immediately.
Puja Das
Basmati put under minimum export price

The measures are aimed at ensuring rice prices remain under control after paddy production came under a cloud because of excess rainfall in Punjab and Haryana, and deficient rains in the eastern region.

As things stand, India has now curbed exports of all non-basmati varieties, which account for about 80% of its total rice shipments.

The country makes up 40% of the global rice trade.

Mint had first reported on 23 August that the government was mulling imposing a minimum export price (MEP) on non-basmati shipments to stop exporters falsely labelling shipments as those of basmati rice, and weighing a 20% export duty on non-basmati parboiled rice.

هذه القصة مأخوذة من طبعة August 28, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة August 28, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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