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Decision on basmati export floor price soon, says Khullar

The government may decide soon on lowering the $900/tonne minimum export price (MEP) for basmati, commerce secretary Rahul Khullar said. “Exporters have petitioned us and we are aware of their difficulties. We will decide shortly on lowering MEP,” commerce secretary Rahul Khullar said. In just a year, global basmati prices have fallen from 1,100 a tonne to .....

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Top chefs punch Basmati aroma in global dishes

The next time you visit an Italian restaurant, ask for a Basmati risotto. And don't be surprised if the Mexican celebrity chef Pepe Ochoa serves his country's national dish, mole (pronounced mol-ay), with Basmati rice at his restaurant in Veracruz. Moments after Union commerce secretary spoke of protectionist barriers coming up against Basmati in some .....

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India guar seed to witness volatile trend

Guar traded with high volatility as profit booking was noted after the huge rise in rates seen the last few days. Rising export demand for Guargum, strong Dollar vs Re and possibilities of some fall in production from the earlier estimates supported the market sentiments even as arrivals of the new crop continued fro Rajasthan and Haryana. Gujarat arrivals to .....

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Govt may further bring down export price of onion: Pawar

After reducing onion MEP by USD 125 to USD 350 a tonne, the government is planning to further cut the minimum export price of the commodity in its bid to stem the slide in domestic rates. "We are thinking to further bringing down the Minimum Export Price (MEP) for onion because the domestic prices of the bulb is going down," Agriculture minister .....