India likely to cut floor price for basmati rice exports, sources say
Basmati rice exports news: The government is likely to bring down the floor price, or minimum export price (MEP) for basmati rice, to $950 per metric ton from $1,200 a metric ton, said the sources, who did not wish to be named because the decision has not been made public.
Basmati rice exports news: India is expected to cut the floor price it has set for basmati rice exports, government and industry sources said on Tuesday. Image: Reuters