AIRLINK 60.45 Increased By ▲ 0.25 (0.42%)
BOP 6.34 Increased By ▲ 0.09 (1.44%)
CNERGY 4.45 Increased By ▲ 0.39 (9.61%)
DFML 16.10 Increased By ▲ 0.35 (2.22%)
DGKC 70.82 Increased By ▲ 2.57 (3.77%)
FCCL 18.42 Increased By ▲ 0.80 (4.54%)
FFBL 26.30 Increased By ▲ 0.80 (3.14%)
FFL 9.21 Increased By ▲ 0.12 (1.32%)
GGL 10.48 Increased By ▲ 0.63 (6.4%)
HBL 116.55 Increased By ▲ 1.55 (1.35%)
HUBC 112.10 Increased By ▲ 0.10 (0.09%)
HUMNL 6.70 Increased By ▲ 0.15 (2.29%)
KEL 4.65 Increased By ▲ 0.12 (2.65%)
KOSM 4.58 Increased By ▲ 0.06 (1.33%)
MLCF 38.81 Increased By ▲ 0.91 (2.4%)
OGDC 123.25 Increased By ▲ 2.70 (2.24%)
PAEL 22.05 Increased By ▲ 0.30 (1.38%)
PIAA 11.04 Increased By ▲ 0.14 (1.28%)
PIBTL 6.18 Increased By ▲ 0.16 (2.66%)
PPL 108.65 Increased By ▲ 1.85 (1.73%)
PRL 28.20 Increased By ▲ 0.85 (3.11%)
PTC 11.12 Increased By ▲ 0.57 (5.4%)
SEARL 52.26 Increased By ▲ 0.26 (0.5%)
SNGP 67.50 Increased By ▲ 0.60 (0.9%)
SSGC 11.85 Increased By ▲ 0.32 (2.78%)
TELE 8.07 Increased By ▲ 1.02 (14.47%)
TPLP 11.85 Increased By ▲ 0.29 (2.51%)
TRG 75.71 Decreased By ▼ -5.04 (-6.24%)
UNITY 22.75 Increased By ▲ 1.60 (7.57%)
WTL 1.29 Increased By ▲ 0.02 (1.57%)
BR100 6,566 Increased By 82.1 (1.27%)
BR30 22,385 Increased By 286.9 (1.3%)
KSE100 63,888 Increased By 669.1 (1.06%)
KSE30 21,545 Increased By 239 (1.12%)

NEW DELHI: The Indian government said on Sunday it is actively reviewing the floor price it has set for basmati rice exports even as it continues to curb overseas shipments.

The decision comes after New Delhi, the world’s biggest rice exporter, said on Saturday said it will maintain a $1,200 per ton minimum export price (MEP) on basmati rice shipments, which was first imposed in August to calm local prices.

Saturday’s move had raised concerns among exporters, who were worried about a sharp drop in shipments due to the government decision.

The government’s Sunday statement said there was a general decline in prices as the new rice crop has started arriving and the minister for consumer affairs had met exporters who told the government the floor price was adversely affecting exports.

Following the meeting, a review of the floor price “is under active consideration of the government,” the statement said. The MEP aims to help authorities ensure that non-basmati rice is not exported as basmati rice.

India in July banned exports of non-basmati white rice and later imposed a 20% duty on exports of parboiled rice.

Comments

Comments are closed.