India removes minimum export price on non-basmati white rice

India scrapped the Minimum Export Price (MEP) of $490/mt on non-basmati white rice under HS Code 1006 30 90, the Ministry of Commerce & Industry said Oct. 23. Market participants hailed the MEP removal as a significant advantage for Indian non-basmati rice exports. They expect that this move will not only boost India’s export potential but also make Indian white…India scrapped the Minimum Export Price (MEP) of $490/mt on non-basmati white rice under HS Code 1006 30 90, the Ministry of Commerce & Industry said Oct. 23. Market participants hailed the MEP removal as a significant advantage for Indian non-basmati rice exports. They expect that this move will not only boost India’s export potential but also make Indian white…Read More