New Delhi - India’s decision to remove the floor price for basmati rice exports is expected to spur a flurry of orders from the Middle East, Europe, and the Americas, leading exporters said, helping New Delhi to increase its share of the global market.
The world’s biggest rice exporter earlier this month removed a floor price of $950 a metric ton for basmati rice, weeks ahead of the arrival of the new season crop.
“This policy change has enabled Indian exporters to offer basmati rice at more competitive prices globally, which is likely to . . .
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