Indian rice exporters fall after govt sets minimum export price for basmati

KRBL

28/08/2023 05:07

** Shares of Indian rice exporters fall between 3% and 6%
    ** India govt on Sunday imposed a $1,200 per ton minimum
export price (MEP) on basmati rice shipments
    ** On Friday, the country imposed 20% duty on exports of
parboiled rice, after banning export of non-basmati white rice
in July 
    ** MEP would help authorities ensure non-basmati rice is not
exported as basmati rice - Govt
    ** LT Foods'  LTOL.NS  shares fall as much as 5% to 157.85
rupees, KRBL  KRBL.NS  down as much as 3.7% at 384.30 rupees
    ** LTOL, KRBL on track to fall for second straight session,
if trend holds
    ** Chaman Lal Setia Exports'  CLSE.NS  shares fall as much
as 5.8% to 200.65 rupees


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))