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Basmati MEP pressure

This article was originally published in The Public Ledger

THE All India Rice Exporters' Association will ask the commerce ministry to cut the minimum export price for basmati rice immediately. The group wants a complete abolishment or at least a cut to $800 a tonne from the current $1,100 a tonne as it fears losses of Rs70bn ($1.4m) with Pakistan selling at $1,000 a tonne.



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