{"id":7021,"date":"2023-08-25T09:21:59","date_gmt":"2023-08-25T09:21:59","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=7021"},"modified":"2023-08-26T09:22:14","modified_gmt":"2023-08-26T09:22:14","slug":"india-could-introduce-floor-price-for-basmati-rice-exports-say-sources","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/india-could-introduce-floor-price-for-basmati-rice-exports-say-sources\/","title":{"rendered":"India Could Introduce Floor Price For Basmati Rice Exports Say Sources"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"900\" height=\"600\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-131.png\" alt=\"\" class=\"wp-image-7022\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-131.png 900w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-131-600x400.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-131-300x200.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/08\/image-131-768x512.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\n\n<p>India\u00a0may 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 (\u20ac1,110) a metric tone, they said.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Basmati Rice<\/h3>\n\n\n\n<p>The minimum export price would help authorities ensure that non-basmati rice is not exported as\u00a0basmati rice, they said.<\/p>\n\n\n\n<p>India and\u00a0Pakistan\u00a0exclusively 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 United Arab Emirates 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\n\n\n<h3 class=\"wp-block-heading\">Food Inflation<\/h3>\n\n\n\n<p>Earlier this month,\u00a0India&#8217;s rice export ban had the world market bracing for similar actions\u00a0by rival suppliers to avoid potential domestic shortages as sellers try to fill the 10 million metric tonne gap left by New Delhi, stoking concerns over already high global food inflation.<\/p>\n\n\n\n<p>India&#8217;s latest restrictions are almost identical to those it imposed in 2007 and 2008, analysts say, which triggered a domino effect as many other countries were forced to curb exports to safeguard local consumers.<\/p>\n\n\n\n<p>This time around the impact on supplies and prices could be even more sweeping, as India now accounts for more than 40% of global rice trade compared with around a 22% share 15 years ago, ratcheting up pressure on rice exporting nations such as Thailand and Vietnam to follow suit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u00a0may 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, or the minimum export price, for basmati rice shipments at $1,200 (\u20ac1,110) a metric tone, they [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7022,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[215,167,160],"class_list":["post-7021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-basmati-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 Could Introduce Floor Price For Basmati Rice Exports Say Sources - 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 Could Introduce Floor Price For Basmati Rice Exports Say Sources - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"India\u00a0may 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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