Indian Exporters Decry Basmati Rice Floor Price, Warn it Cedes Market Share to Pakistan
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Indian exporters criticize government for maintaining basmati rice floor price, say it will allow Pakistan to capture market.
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India and Pakistan only basmati rice growers; India exports over 4 million tons yearly.
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India expected to cut minimum export price but maintained $1,200/ton rate.
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Exporters and farmers say high floor price is frustrating and will empower Pakistan.
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India also limiting non-basmati rice exports ahead of key state elections.