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India's rice exports set to ease as government raises buying price

Reuters  |  MUMBAI 

By Rajendra JadhavMUMBAI (Reuters) - India's rice exports are set to ease from October as the world's biggest shipper of the grain boosts guaranteed prices that farmers receive for much of their crop, making new season cargoes expensive compared to supply from rival growers. Lower exports would mean that India loses market share in key Asian and African markets, traders and industry sources said, with exports from countries such as Thailand, Vietnam and Myanmar likely to fill any gaps.India on Wednesday raised prices paid to local farmers for common grade paddy rice by 13 percent from a year ...

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First Published: Tue, July 10 2018. 13:31 IST
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