India losing market share for basmati rice

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India's global market share in basmati rice is declining due to the government's decision to set a minimum export price of $1,200 per tonne. At a recent food fair in Turkey, no Indian companies received orders for the new basmati crop because of the high price. Global buyers are also delaying payments for orders shipped before the price was set.

from Agriculture-Economy-News-Economic Times https://ift.tt/AmIjQJB

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