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3-To Boost Competitiveness, Govt Mulls Reduction In Basmati Rice Export Price

The Indian government imposed restrictions in August, prohibiting the export of basmati rice below the USD 1,200 per tonne threshold, in an effort to stop potential u201cillegalu201d shipments of white non-basmati rice as the premium basmati rice. This action was taken to protect the standing and authenticity of Indian basmati rice on the international market.

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3-To Boost Competitiveness, Govt Mulls Reduction In Basmati Rice Export Price

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  1. To Boost Competitiveness, Govt Mulls Re To Boost Competitiveness, Govt Mulls Reduction In Basmati Rice Export Pric Price e duction In Basmati Rice Export The Indian government imposed restrictions in August, prohibiting the export of basmati rice below the USD 1,200 per tonne threshold, in an effort to stop potential “illegal” shipments of white non-basmati rice as the premium basmati rice. This action was taken to protect the standing and authenticity of Indian basmati rice on the international market. The MEP for basmati rice is currently USD 1,200 per tonne, but concerns from the domestic rice industry and food product importers have prompted officials to seriously consider cutting it to USD 850 per tonne. India’s Export Policy For Basmati Rice India’s Export Policy For Basmati Rice Centre is considering significantly lowering the Minimum Export Price (MEP) for this highly sought-after grain. Currently, the MEP is USD 1,200 per tonne, but importers of food products and the domestic rice industry have expressed concerns, leading officials to seriously consider reducing it to USD 850 per tonne. Piyush Goyal, the minister of commerce and industry who has been actively involved in the issue, confirmed that there have been extensive consultations with rice exporter associations all over India. These consultations involved gathering thorough information on the exports of different varieties of basmati rice to a variety of international destinations.

  2. Reasons For Considering Further Policy Changes Reasons For Considering Further Policy Changes The negative effects of the current USD 1,200 per tonne MEP on basmati rice shipments are one of the factors influencing this potential policy change. Indian exporters have been concerned about losing market share to Pakistan, a formidable competitor in this segment. The current pricing structure has made Indian basmati rice less competitive in the global market, forcing exporters to look for alternatives. Punjab Rajya Sabha member Vikramjit Singh Sahney has also joined the chorus of calls for MEP rationalization. The issue of export prices has concerned not only businesses but also lawmakers who see potential in India's basmati rice industry. If you are a basmati rice importer wishing to buy basmati rice in bulk or a basmati rice exporter willing to export bulk basmati rice, then Tradologie.com is the right platform for you. Tradologie.com is a transaction oriented platform that facilitates bulk agro-commodities trade completely from enquiry-to-delivery in a digital manner. The best quality and inspected commodities can be procured at prices which can be directly negotiated with the sellers, thereby giving more margins for both sellers and buyers along with the end consumers, reducing the overall cost of trade. This platform hence grants sellers better access to new global buyers, increasing their overall business orders and profits, as there are no middlemen involved in the trade here. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.

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