# Tags

Pakistani rice exporters face uncertainty as India eases export restrictions

By Monitoring Desk LAHORE: The Indian government’s recent move to eliminate the minimum export price for basmati rice and relax restrictions on non-basmati rice exports has left Pakistani rice exporters anxious. These changes, which take effect in September 2024, threaten to disrupt the gains Pakistan made under previous restrictions. In fiscal year 2024, Pakistan exported […]

Basmati price: Rice export boom ends after India’s move

Mushtaq Ghumman ISLAMABAD: The period of a massive boost to Pakistan’s rice exports is over after the Indian government’s decision to remove the floor price of Basmati rice and relax restrictions on export of other rice varieties. Well informed sources told Business Recorder that Pakistan Rice Exporters Association (REAP) has approached the government and shared […]

Rice exporters want removal of ban on non-basmati rice to go on prospects of record crop 

Area under paddy exceeds normal acreage, prospects for rabi look good. By Vishwanath Kulkarni Amidst prospects of a record rice harvest, exporters are looking forward to removal of the ban on white rice exports and the 20 per cent export duty on parboiled rice. Aided by a good and widespread monsoon across the country farmers […]

Govt removes minimum export price on basmati rice, duties on edible oil rises

The Union Government has decided to remove the minimum export price (MEP) thresholds on the export of basmati rice, the Ministry of Commerce and Industry said in a statement on Saturday. ANI New Delhi [India], September 14 (ANI): The Union Government has removed the minimum export price (MEP) threshold for basmati rice exports, the Ministry […]

Rice stocks rally up to 15% after Government removes minimum export price

Synopsis Shares of rice companies like KRBL, LT Foods, and Kohinoor Foods surged up to 15% on BSE after the government removed the $950/tonne minimum export price for basmati rice, boosting global demand. Shares of rice stocks like KRBL, LT Foods, Kohinoor Foods, and others rallied up to 15% on BSE today after the government […]

Centre Scraps Minimum Export Price On Basmati Rice: A Major Boost For Exporters

India, the largest rice exporter globally, has been limiting rice exports to curb domestic food inflation, which led to a significant decline in rice shipments. Mahima Vachhrajani In a crucial decision, the Indian government has removed the minimum export price (MEP) of $950 per tonne for basmati rice, a move that is expected to benefit […]

India removes floor price for basmati rice exports to claw back global share

By Mayank Bhardwaj NEW DELHI, Sept 13 (Reuters) – India removed a floor price for basmati rice exports on Friday, according to a government order, to help farmers struggling with debt and higher costs boost overseas sales of the premium grade just weeks ahead of the arrival of the new-season crop. Last year New Delhi […]

Punjab: Basmati growers’ body calls for minimum export price waiver as int’l sales plummet

By Gurpreet Singh Nibber Indian exporters have been struggling to sell their produce in the international market due to the high MEP of $950 a tonne, the association said. The basmati exporters association has urged the Agricultural and Processed Food Products Export Development Authority (APEDA) to waive the minimum export price (MEP) on basmati rice […]

Ministers’ panel seen fixing a floor price of $500/tonne on non-Basmati rice exports 

Cut Basmati minimum export price may be deferred BY BL NEW DELHI BUREAU The committee of ministers headed by Home Minister Amit Shah may decide this week on a proposal to fix a minimum export price (MEP) of $500/tonne on shipments of non-basmati rice, while the proposal to reduce the current MEP of $950/tonne on […]