Basmati Rice

India to Reduce Basmati Rice Export Floor Price to Boost Sales

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Basmati

India is set to lower the floor price for basmati rice exports in response to concerns raised by millers and traders regarding a significant drop in overseas sales of this premium aromatic grain. According to sources familiar with the matter, India’s decision to reduce the floor price aims to support millers and traders in shipping … Read more

India Bans Rice Export with Immediate Effect, Sparks Global Price Rise Fear

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India

India, the world’s largest rice exporter, has imposed an immediate ban on some overseas sales of non-basmati white rice, a move that could have significant implications for countries heavily reliant on rice imports. The decision comes amidst the challenges posed by the Covid pandemic, the Ukraine war, and El Nino’s production disruptions, leading to soaring … Read more