- July 31, 2023
- Posted by: admin
- Category: Daily News
- “Buyers are requesting early shipments because they fear that the government might put restrictions on exports of basmati rice as well,” said Atul Garg, managing director at GRM Overseas, a leading exporter of basmati rice.
- “We are assuring buyers that there is no possibility of a ban on basmati rice exports but some buyers are afraid due to the government’s recent decisions,” said another exporter based in New Delhi.
- The world’s biggest exporter of rice surprised buyers earlier this month by imposing a ban on exports of non-basmati white rice after retail rice prices climbed 3 per cent in a month after late but heavy monsoon rains caused significant damage to crops.