{"id":9610,"date":"2023-10-27T13:10:28","date_gmt":"2023-10-27T13:10:28","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=9610"},"modified":"2023-10-27T13:10:35","modified_gmt":"2023-10-27T13:10:35","slug":"india-cuts-basmati-rice-prices-to-spur-exports","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/india-cuts-basmati-rice-prices-to-spur-exports\/","title":{"rendered":"India cuts basmati rice prices to spur 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-126.png\" alt=\"\" class=\"wp-image-9380\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-126.png 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-126-600x450.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-126-300x225.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/10\/image-126-768x576.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>NEW DELHI: India has cut the floor price for basmati rice exports to $950 per tonne from $1,200, a government source told&nbsp;<em>Reuters<\/em>&nbsp;on Thursday, after farmers and exporters complained it was damaging the trade by stalling shipments.<\/p>\n\n\n\n<p>India had imposed a $1,200 per tonne minimum export price (MEP) on basmati rice shipments in August to keep a lid on local prices ahead of key state elections.<\/p>\n\n\n\n<p>The MEP was expected to be cut with the arrival of the new season harvests, but the government said on Oct. 14 it would maintain it until further notice, angering farmers and exporters who said the new season\u2019s rice crops had led to a drop in domestic prices.<\/p>\n\n\n\n<p><em>Published in Dawn, October 27th, 2023<\/em><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: India has cut the floor price for basmati rice exports to $950 per tonne from $1,200, a government source told&nbsp;Reuters&nbsp;on Thursday, after farmers and exporters complained it was damaging the trade by stalling shipments. India had imposed a $1,200 per tonne minimum export price (MEP) on basmati rice shipments in August to keep [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[215,46,167,159],"class_list":["post-9610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-basmati-rice","tag-asian-rice","tag-indian-rice","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>India cuts basmati rice prices to spur 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 cuts basmati rice prices to spur exports - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"NEW DELHI: India has cut the floor price for basmati rice exports to $950 per tonne from $1,200, a government source told&nbsp;Reuters&nbsp;on Thursday, after farmers and exporters complained it was damaging the trade by stalling shipments. 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