India’s rice exporters cease Basmati procurements due to a high minimum export price (MEP) of $1,200 per tonne imposed by the government, leading to shutdowns in over 40 mandis in Haryana and decline in Basmati prices. The high MEP influences exporters and hampers Indian rice exports, particularly in Punjab and Haryana.

Exploring solutions to control rising rice prices and boost domestic supply, the Central Government contemplates revising the $1,200/tonne minimum export rate for rice. This reconsideration comes amid demands from rice exporters for a lower rate of $850/tonne, potentially impacting India’s rice trade dynamics.

Despite enduring economic challenges, Pakistan’s economic sector is showing optimistic signs with a rise in tax collection and growth expectations in agriculture and rice export sectors. However, challenges in the gas sector, export declines, and growing government expenditure continue to pose threats to fiscal stability.

India’s government plans to reassess the export floor price of Basmati rice, amid concerns from leading exporters over a drop in shipments due to the current minimum export cost of $1,200 per ton. The review comes as rice prices slump with the introduction of the new crop.

Basmati rice exporters in Punjab, Haryana, and western Uttar Pradesh have paused their market acquisitions due to the government’s high minimum export price (MEP) of $1,200 per tonne, causing a negative impact on the farmers. The current MEP also challenges competitiveness against Pakistan’s aromatic rice exports, priced at $900 per tonne.

Indonesia prepares to import 1.5 million tonnes of rice from reliable suppliers in Việt Nam and Thailand amid domestic food shortfalls. This move underlines Vietnam’s role as a primary rice provider, following increasing demand for national rice reserves.

The Indian government is reevaluating its minimum export price of $1,200 per ton for basmati rice exports, following concerns from rice suppliers that the price floor is hindering their export potential. This comes amid declining rice prices and moves to regulate overseas shipments.

Indian government is considering a proposition to revise basmati rice’s minimum export price, currently at $1200 per tonne, following grievances from exporters. This strategic move aims to balance domestic availability, manage rice prices, and address concerns over the impact on rice exports.

Sindh Abadgar Ittehad, a farmers’ right group in Pakistan, urges fair governmental pricing for cotton, rice, and sugarcane crops. Concerns rise over unmet fixed rates, suggesting exploitation and potential law violation by buyers, demanding immediate action for farmers’ financial wellbeing.

India eyes a deal to export 1 million tonnes of white rice annually to Indonesia amidst El Nino-related disruptions. The proposed MoU could stabilize Indonesia’s food security, diversify India’s trade offerings and open doors for India among other Asean rice buyers despite its current ban on white rice exports.