India is the world’s leading exporter of Basmati rice, shipping 5.24 million metric tonnes worth ₹48,389 crore in 2023-24, as per the latest data from APEDA.
The Indian consumers can expect to pay less for rice in the coming days, says the Ministry of Consumer Affairs, Food & Public Distribution.
Sector macroscope
The move has been taken to prevent the possible ‘illegal’ exports of white non-Basmati rice in the garb of premium quality Basmati rice.
