Global Rice News

India’s decision to maintain the current floor price for basmati rice exports has received criticism from farmers and millers who believe it will have a negative impact on overseas sales and farm income. This decision leaves growers with a surplus of the new-season variety, resulting in a challenging situation.

Basmati rice is a premium long-grain variety known for its aromatic qualities. India and Pakistan are the only countries that cultivate this type of rice. India exports over 4 million metric tons of basmati rice to countries such as Iran, Iraq, Yemen, Saudi Arabia, the United Arab Emirates, and the United States.

In August, the Indian government set a floor price, also known as the minimum export price (MEP), of $1,200 per ton for basmati rice. It was expected that this MEP would be reduced; however, the government recently announced that the floor price would remain unchanged until further notice.

This decision has raised concerns among farmers and millers as it will likely hinder the export of basmati rice and affect farm income. The surplus stocks of the new-season variety will pose a challenge for growers, who now face the task of finding alternative markets for their produce.

India, being the world’s largest rice exporter, has also imposed restrictions on the export of non-basmati rice varieties. This measure aims to control domestic prices ahead of key state elections.

The current situation demands flexibility and proactive measures from the authorities, as well as collaboration between farmers, millers, and the government. Finding avenues to promote and sustain the export of basmati rice is crucial for the well-being of the agricultural sector and the livelihoods of those involved.

In conclusion, India’s decision to maintain the floor price for basmati rice exports has raised concerns among farmers and millers. The surplus stocks and limited export opportunities pose challenges for the industry. It is crucial for all stakeholders to work together to find solutions that support the growth and sustainability of the basmati rice market in India.

Keywords:
– Rice exporters
– Pakistan rice exporters
– White broken rice
– Pakistan rice
– Rice suppliers
– Rice exporters from Pakistan
– 25% broken rice
– Pakistan rice supplier
– Pakistan rice supplier
– Pakistan rice companies
– Rice mills in Pakistan
– Rice business in Pakistan
– Rice suppliers Pakistan
– Pakistani rice prices
– Irri 6 rice price
– Basmati rice price list
– Rice export from Pakistan
– Pakistan rice export prices
– Rice exporters in Pakistan
– Irri 6 rice exporters Pakistan
– Rice suppliers in Karachi
– Basmati rice Pakistan
– Broken rice exporters

Source: [BRecorder](https://www.brecorder.com){:target=”_blank” rel=”nofollow”}