Srinagar (Jammu & Kashmir) [India], October 27: Sarveshwar Foods Limited is pleased to announce the successful organization of a "Basmati export promotion programme" at the SIDCO Industrial Area, Samba, bringing together Farmer-Producer Organisations (FPOs), basmati producers, and traders to
India consumes about 105-110 million tonne of rice annually, of which about 4 million tonne is Basmati. The country exports about 5 million tonne Basmati, worth around USD 40,000-50,000 crore.
The Union Government has decided to remove the minimum export price (MEP) thresholds on the export of basmati rice, the Ministry of Commerce and Industry said in a statement on Saturday.