India Removes Basmati Rice Export Price Limit
By Rediff Money Desk, New Delhi Sep 13, 2024 19:58
India has removed the minimum export price (MEP) on basmati rice, aiming to boost exports and increase farmer income. The move is expected to benefit Indian rice exporters and farmers.
New Delhi, Sep 13 (PTI) The government on Friday said the USD 950 per tonne minimum export price (MEP) on basmati rice has been removed.
Commerce and Industry Minister Piyush Goyal said the move will help boost exports and increase farmers' income.
"It has been decided to remove current minimum export price (MEP) of USD 950 MT for issuing Registration-cum-Allocation Certificates (RCAC) for export of Basmati Rice," according to a communication from the Department of Commerce.
The APEDA was requested to take immediate action to implement the decision.
However, it added that APEDA will closely monitor export contract for any non-realistic prices for basmati exports.
Commerce and Industry Minister Piyush Goyal said the move will help boost exports and increase farmers' income.
"It has been decided to remove current minimum export price (MEP) of USD 950 MT for issuing Registration-cum-Allocation Certificates (RCAC) for export of Basmati Rice," according to a communication from the Department of Commerce.
The APEDA was requested to take immediate action to implement the decision.
However, it added that APEDA will closely monitor export contract for any non-realistic prices for basmati exports.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Rhetan TMT
- 15.59 (+ 19.83)
- 31433475
- Srestha Finvest
- 1.79 ( -1.10)
- 29026799
- Spicejet Ltd.
- 71.66 (+ 8.00)
- 28325118
- Rama Steel Tubes
- 16.26 (+ 1.82)
- 21693933
- Vodafone Idea L
- 13.41 ( -0.89)
- 19325317
MORE NEWS
Maldives Ministers Visit Mumbai-Ahmedabad...
Maldives ministers inspect Mumbai-Ahmedabad bullet train project, including India's...
Northern Arc Capital IPO: Rs 229 Cr Raised from...
Northern Arc Capital, a non-bank financial institution, has raised Rs 229 crore from...
India Investment Opportunities: FM Meets Nasdaq...
Finance Minister Nirmala Sitharaman met with Nasdaq's Edward Knight and US-India...