Rice ban impact: Basmati exporters gear up to tap incremental demand
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Photo By Agrihunt
Anticipating an increase in demand, in the context of ban on non-basmati rice shipments, a section of basmati rice exporters have started gearing up themselves by leasing additional warehouse spaces near major ports such as Kandla and Mundra.
While basmati is not an alternative to the non-basmati rice, the trade expects an incremental demand to kick-in for the aromatic rice, if the ban prolongs. India banned shipments of non-basmati rice on July 20 to cool down the rising prices of the cereals, while the move has triggered a panic in the overseas market.
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