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Govt reduces floor price of basmati rice exports to $950 per tonne
On August 27, the government banned exports of basmati rice below $1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice
Onion jumps 30% to hit a two-week high as export curbs are lifted
Exporters resume business immediately after Paswan's Wednesday tweet announcing the decision
Govt may impose $700-800/tonne MEP on onion to curb exports
In a meeting called by the commerce ministry, the MEP issue was discussed in detail with exporters and other stakeholders
