What is the Current Market Price of Non basmati Rice?

The market price of non basmati rice in India has fluctuated recently, especially with government changes to export policies. As of October 2024, the Indian government removed the minimum export price (MEP) requirement on non-basmati white rice, originally set at ₹40,000 per tonne.

This change along with a lower export tax, has boosted demand from foreign markets. This could raise prices in India because there's more competition for Indian rice abroad.

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