{"id":9150,"date":"2023-10-16T05:41:25","date_gmt":"2023-10-16T05:41:25","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=9150"},"modified":"2023-10-16T05:42:17","modified_gmt":"2023-10-16T05:42:17","slug":"india-reviewing-floor-price-for-basmati-rice-exports-2","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/india-reviewing-floor-price-for-basmati-rice-exports-2\/","title":{"rendered":"India reviewing floor price for basmati rice exports"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-91.png\" alt=\"\" class=\"wp-image-9151\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-91.png 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-91-600x450.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-91-300x225.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-91-768x576.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>NEW DELHI: The Indian government said on Sunday it is actively reviewing the floor price it has set for basmati rice exports even as it continues to curb overseas shipments.<\/strong><\/p>\n\n\n\n<p>The decision comes after New Delhi, the world\u2019s biggest rice exporter, said on Saturday said it will maintain a $1,200 per ton minimum export price (MEP) on basmati rice shipments, which was first imposed in August to calm local prices.<\/p>\n\n\n\n<p>Saturday\u2019s move had raised concerns among exporters, who were worried about a sharp drop in shipments due to the government decision.<\/p>\n\n\n\n<p>The government\u2019s Sunday statement said there was a general decline in prices as the new rice crop has started arriving and the minister for consumer affairs had met exporters who told the government the floor price was adversely affecting exports.<\/p>\n\n\n\n<p>Following the meeting, a review of the floor price \u201cis under active consideration of the government,\u201d the statement said. The MEP aims to help authorities ensure that non-basmati rice is not exported as basmati rice.<\/p>\n\n\n\n<p>India in July banned exports of non-basmati white rice and later imposed a 20% duty on exports of parboiled rice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The Indian government said on Sunday it is actively reviewing the floor price it has set for basmati rice exports even as it continues to curb overseas shipments. The decision comes after New Delhi, the world\u2019s biggest rice exporter, said on Saturday said it will maintain a $1,200 per ton minimum export price [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9151,"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-9150","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 reviewing floor price for basmati rice exports - 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 reviewing floor price for basmati rice exports - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"NEW DELHI: The Indian government said on Sunday it is actively reviewing the floor price it has set for basmati rice exports even as it continues to curb overseas shipments. 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