AIRLINK 60.97 Increased By ▲ 1.27 (2.13%)
BOP 6.29 Increased By ▲ 0.03 (0.48%)
CNERGY 4.33 Increased By ▲ 0.06 (1.41%)
DFML 15.86 Increased By ▲ 0.16 (1.02%)
DGKC 69.30 Increased By ▲ 0.10 (0.14%)
FCCL 18.20 Decreased By ▼ -0.15 (-0.82%)
FFBL 26.25 Decreased By ▼ -0.50 (-1.87%)
FFL 9.23 Decreased By ▼ -0.05 (-0.54%)
GGL 10.25 Decreased By ▼ -0.05 (-0.49%)
HBL 117.00 Increased By ▲ 1.10 (0.95%)
HUBC 114.48 Increased By ▲ 0.08 (0.07%)
HUMNL 6.93 Increased By ▲ 0.13 (1.91%)
KEL 4.89 No Change ▼ 0.00 (0%)
KOSM 5.33 Increased By ▲ 0.68 (14.62%)
MLCF 38.50 Increased By ▲ 0.11 (0.29%)
OGDC 123.97 Decreased By ▼ -1.33 (-1.06%)
PAEL 21.85 Increased By ▲ 0.29 (1.35%)
PIAA 11.80 Increased By ▲ 0.93 (8.56%)
PIBTL 6.10 Increased By ▲ 0.08 (1.33%)
PPL 113.75 Decreased By ▼ -0.35 (-0.31%)
PRL 28.30 Increased By ▲ 0.40 (1.43%)
PTC 11.45 Increased By ▲ 0.55 (5.05%)
SEARL 52.30 Increased By ▲ 0.60 (1.16%)
SNGP 67.70 Decreased By ▼ -0.56 (-0.82%)
SSGC 11.33 Decreased By ▼ -0.09 (-0.79%)
TELE 7.85 Increased By ▲ 0.05 (0.64%)
TPLP 11.58 Decreased By ▼ -0.02 (-0.17%)
TRG 71.81 Decreased By ▼ -1.06 (-1.45%)
UNITY 23.10 Decreased By ▼ -0.45 (-1.91%)
WTL 1.29 Decreased By ▼ -0.01 (-0.77%)
BR100 6,721 Increased By 72.8 (1.09%)
BR30 22,559 Decreased By -10.8 (-0.05%)
KSE100 65,326 Increased By 747.2 (1.16%)
KSE30 22,146 Increased By 256.6 (1.17%)

NEW DELHI/MUMBAI: India may introduce a floor price for basmati rice exports, sources familiar with the matter said, after New Delhi last month ordered a halt to non-basmati white rice shipments, its largest rice export category.

India could fix the floor price, or the minimum export price, for basmati rice shipments at $1,200 a metric tone, they said. The minimum export price would help authorities ensure that non-basmati rice is not exported as basmati rice, they said.

India and Pakistan exclusively grow premium, aromatic basmati rice. India ships out around 4 million metric tons of basmati rice to countries such as Iran, Iraq, Yemen, Saudi Arabia, the United Arab Emirates and the United States.

Last month, India surprised buyers by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year.

Comments

Comments are closed.