NEW DELHI, Nov 12 (Reuters) - Indian rice exporters have asked the government not to raise the floor price for overseas sale of aromatic basmati variety, the Hindu Business Line newspaper said on Thursday.
Basmati, a premium grade, is not consumed widely within the country, V.K. Arora, president of the All India Rice Exporters Association, told the paper.
India, the world's second-biggest producer, in September cut the minimum export price of basmati to $900 per tonne from $1,100 per tonne.
Analysts believe the government may raise the export price to restrict overseas sales after poor monsoon rains hit the summer-sown harvest.
Source : REUTERS