India basmati exporters get requests for early shipments

  • “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.

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