{"id":6985,"date":"2023-08-25T08:36:59","date_gmt":"2023-08-25T08:36:59","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=6985"},"modified":"2023-08-26T08:41:55","modified_gmt":"2023-08-26T08:41:55","slug":"india-may-introduce-floor-price-for-basmati-rice-exports-sources-say","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/india-may-introduce-floor-price-for-basmati-rice-exports-sources-say\/","title":{"rendered":"India may introduce floor price for basmati rice exports, sources say"},"content":{"rendered":"\n<p>Minimum export price will ensure that non-basmati rice is not exported as basmati rice<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/imagevars.gulfnews.com\/2023\/08\/25\/Copy-of-Rice_Global_Shortage_43213--390cb-1692972279714_18a2d02e7b0_medium.jpg\" alt=\"Copy of Rice_Global_Shortage_43213--390cb-1692972279714\"\/><\/figure>\n\n\n\n<p>Mumbai: India may introduce a floor price for basmati rice exports, sources familiar with the matter said, after New Delhi last month ordered a halt to non-basmati white rice shipments, its largest rice export category.<\/p>\n\n\n\n<p>India could fix the floor price, or the minimum export price, for basmati rice shipments at $1,200 a metric tone, they said.<\/p>\n\n\n\n<p>The minimum export price would help authorities ensure that non-basmati rice is not exported as basmati rice, they said.<\/p>\n\n\n\n<p>India and Pakistan exclusively grow premium, aromatic basmati rice. India ships out around 4 million metric tons of basmati rice to countries such as Iran, Iraq, Yemen, Saudi Arabia, the UAE and the United States.<\/p>\n\n\n\n<p>Last month, India surprised buyers by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minimum export price will ensure that non-basmati rice is not exported as basmati rice Mumbai: India may introduce a floor price for basmati rice exports, sources familiar with the matter said, after New Delhi last month ordered a halt to non-basmati white rice shipments, its largest rice export category. India could fix the floor price, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[215,46,167,160],"class_list":["post-6985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-basmati-rice","tag-asian-rice","tag-indian-rice","tag-rice-export"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India may introduce floor price for basmati rice exports, sources say - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India may introduce floor price for basmati rice exports, sources say - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Minimum export price will ensure that non-basmati rice is not exported as basmati rice Mumbai: India may introduce a floor price for basmati rice exports, sources familiar with the matter said, after New Delhi last month ordered a halt to non-basmati white rice shipments, its largest rice export category. 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