Last Updated : Wednesday, February 5, 2020 20:47:55

INDIA’s RICE EXPORTS may fall by 18-20% in FY20, says DRIP CAPITAL

MUMBAI | RAJKOT – In a press-release issued by US based trade finance company Drip Capital, it said of India’s rice export likely to fall by 18-20% in Financial Year 2019-20, primely due to geo-political situations mainly in the Middle East which the silk route for trading commodities, tighter trade norms which puts pressure on margins due to higher duty structure and higher Minimum Support Price (MSP) declared by Indian government, which somewhere creates high cost driven procurement optimism, against the pessimistic demand scenario globally, for the commodity.

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