India has imposed a $1,200 per tonne minimum export price (MEP) on basmati rice shipments, the government said on Sunday, as the world's biggest exporter tries to calm local prices ahead of key state elections.
The south Asian country in July banned exports of non-basmati white rice and on Friday imposed 20 per cent duty on the exports of parboiled rice.
But after the ban, some traders were classifying non-basmati white rice as basmati to overcome the export restriction, the government said in a statement.
The MEP 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 tonnes of basmati rice to countries such as Iran, Iraq, Yemen, Saudi Arabia, the UAE and the US.
Air Canada cabin staff go on strike, grounding hundreds of flights
Dubai's GDP grows 4% in Q1, touching AED 119.7 billion
Salik posts AED 1.53 billion revenue in H1
US, China extend tariff truce by 90 days, staving off surge in duties
Abu Dhabi Airports record passenger traffic growth in H1 2025
