Basmati exports to Saudi Arabia have declined to below 20 per cent in the financial year 2018-19 from over 26 per cent 2014-15.
Lack of long term export policy, high costs making Indian rice uncompetitive
Government's decision to increase MSP consistently had raised cost of procuring
The country's rice exports for April-February dropped 9.4 percent from a year earlier to 10.57 million tonnes, as leading buyer Bangladesh trimmed its purchases due to a bumper local harvest