{"id":8029,"date":"2023-09-14T10:09:41","date_gmt":"2023-09-14T10:09:41","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=8029"},"modified":"2023-09-14T10:09:46","modified_gmt":"2023-09-14T10:09:46","slug":"rice-exporters-draw-a-blank-at-international-food-expo-blame-mep","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/rice-exporters-draw-a-blank-at-international-food-expo-blame-mep\/","title":{"rendered":"Rice exporters draw a blank at international food expo, blame MEP"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"788\" height=\"529\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-73.png\" alt=\"\" class=\"wp-image-8030\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-73.png 788w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-73-600x403.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-73-300x201.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-73-768x516.png 768w\" sizes=\"(max-width: 788px) 100vw, 788px\" \/><\/figure>\n\n\n\n<p>Ruchika M Khanna<\/p>\n\n\n\n<p>Chandigarh, September 13<\/p>\n\n\n\n<p>The Minimum Export Price (MEP) Control order of $1,200 per tonne on basmati has brought the booming rice export business in Punjab to its knees. During the WorldFood, a food exhibition, in Instanbul last week, basmati exporters did not get a single order because of the high MEP.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><\/blockquote>\n\n\n\n<p>The exporters say that they are unable to honour the ongoing orders because of the high MEP order.<\/p>\n\n\n\n<p>The maximum number of export orders in Punjab and Haryana are signed during this annual international food products fair. \u201cThese circumstances are troubling those exporters who have stockpiled rice in various forms, including paddy and processed rice, as standard practice in rice businesses,\u201d Vijay Kumar Setia, former president of the All-India Rice Exporters Association, said.<\/p>\n\n\n\n<p>He said most buyers preferred to buy Pakistani basmati, American and Australian calrose rice and other options available from Thailand as end consumer would not adapt immediately to such high prices. This could give the other varieties permanent space as a replacement for Indian basmati.<\/p>\n\n\n\n<p>Ranjit Singh Josan, a rice exporter from Ferozepur, said his fresh export orders from Saudi Arabia and Iraq have been cancelled. \u201cThese orders were worth $1,060-1,070. The government wants us to sell them only if we get a price of $1,200. Exporters can send the consignment at a higher price, but the buyers are not ready to pay extra as they can get it from Pakistan at a low price,\u201d he said.<\/p>\n\n\n\n<p>Bal Krishan Bali, president of the Basmati Rice Millers and Exporters Association, said the average export price of basmati in the last five years was $975 per tonne. In 2022-23, India exported 4.56 million tonnes of basmati valued at $4.78 billion at an average price of $1,050 per tonne, 80 per cent of the trade. \u201cWe fail to understand the logic behind the move that will jeopardise the country\u2019s position in the export market,\u201d he said.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ruchika M Khanna Chandigarh, September 13 The Minimum Export Price (MEP) Control order of $1,200 per tonne on basmati has brought the booming rice export business in Punjab to its knees. During the WorldFood, a food exhibition, in Instanbul last week, basmati exporters did not get a single order because of the high MEP. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8030,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[46,160,159],"class_list":["post-8029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asian-rice","tag-rice-export","tag-global-rice-news"],"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>Rice exporters draw a blank at international food expo, blame MEP - 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=\"Rice exporters draw a blank at international food expo, blame MEP - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Ruchika M Khanna Chandigarh, September 13 The Minimum Export Price (MEP) Control order of $1,200 per tonne on basmati has brought the booming rice export business in Punjab to its knees. 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