Competition between two countries in basmati rice export.

Competition between two countries in basmati rice export.

India has set a minimum export price of USD 1200 per tonne for basmati rice exports.
Basmati rice prices have gone below USD 1200 internationally.
In this situation, Pakistan also fixed the minimum export price for basmati rice in order to secure the export orders available to India.  It is 1050 dollars per ton.
This caused great concern to Indian exporters.
In this regard, the central government met the Indian basmati rice exporters online and heard their grievances.
Accordingly, it has been revealed that 1200 dollars may be reduced to 850 dollars very soon.
With this, it seems that India will defeat the tactical action taken by Pakistan.

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