New Delhi - In a significant step to boost export of basmati rice, a premier GI variety rice of India, the Government of India has decided to remove the floor price on export of basmati rice.

In response to ongoing trade concerns and adequate domestic availability of rice, the Government of India has now decided to completely remove the floor price on Basmati Rice exports. The Agricultural and Processed Food Products Export Development Authority (APEDA) will closely monitor export contracts to prevent any non-realistic pricing of basmati rice and ensure transparency in export practices . . .