The Indian government is considering reviewing the current Minimum Export Price (MEP) on Basmati rice exports despite criticisms and potential impact on the rice market, with some exporters advocating for a lowering of the MEP to stimulate overseas sales.

India, the world’s leading rice exporter, reevaluates minimum export prices for basmati rice amid market shifts and exporter concerns. The move aims to stabilize prices, control overseas shipments and distinguish basmati from non-basmati, impacting rice businesses and global trade dynamics.

Despite pleas by traders for lower basmati rice export prices, an Amit Shah-led Indian committee has maintained the $1200 per tonne benchmark. The Food Ministry states the issue is under “profound analysis” amid concerns of misclassification and unlawful export of non-basmati rice.

In an attempt to control domestic rice prices, the Indian Government is reevaluating the Free-On-Board (FOB) value for Basmati rice export licensing. This comes after reports of misclassification and illicit exports of non-Basmati white broken rice and could significantly impact future Basmati rice exports from India.

Indian Rice Exporters Federation (IREF) wishes for a flat export duty to simplify trade and revive exports. Calls include re-evaluating the white rice ban and reducing basmati rice’s minimal export price. The restrictions currently in place are disrupting India’s ranking as the top global rice exporter.

Rice exporters urge the central government to implement a fixed $80 export duty per tonne for parboiled rice and revise the white rice export ban, foreseeing impacts on trade and farmers. They also propose a reduced minimum export price for basmati rice at $850 per tonne.

India’s Rice Exporters Federation (IREF) calls for a fixed $80 export duty on parboiled rice and a reconsideration of the white rice export ban. They also urge a decrease in the minimum export price for basmati rice to mitigate impacts on export volumes and rice farmers.

Rice exporters in India are urging the Central Government for a flat $80 export duty for parboiled rice and lifted prohibition on white broken rice exports. The Indian Rice Exporters Federation (IREF) also proposes a reduction in the minimum export price for basmati rice to maintain export levels and support farmers.

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Haryana rice exporters have launched an indefinite strike, demanding a curb on the minimum export price (MEP) for basmati rice. The issue has triggered fears of adverse impact on farmers, traders, and the overall pricing of premium basmati rice in the international market.