Mumbai, 27 Sep (Commoditiescontrol): Pakistan has removed the floor price on rice exports, effective immediately, the country’s commerce ministry announced on Friday. The decision mirrors a similar move by neighboring India earlier this month.
In a written notification, the Ministry of Commerce confirmed the removal of the minimum export price, which had been in place since November. This move is expected to boost Pakistan's rice exports as the country looks to enhance its competitiveness in the global market.
Earlier, India lifted its floor price for basmati rice exports to help farmers manage rising costs and debt just ahead of the new-season crop. Both India and Pakistan, the world’s only basmati rice producers, aim to position the premium grade of rice akin to France’s Champagne or India’s Darjeeling tea, emphasizing its unique quality and value on the global stage.
(By Commoditiescontrol Bureau; +91-9820130172)
0 Comments 
Post Comment 
