New Delhi, Sep 13 (PTI) The government on Friday said the USD 950 per tonne minimum export price (MEP) on basmati rice has been removed.

Commerce and Industry Minister Piyush Goyal said the move will help boost exports and increase farmers' income.

Also Read | Jammu and Kashmir Assembly Elections 2024: Farooq Abdullah Terms Baramullah MP Engineer Rashid 'Agent' of BJP.

"It has been decided to remove current minimum export price (MEP) of USD 950 MT for issuing Registration-cum-Allocation Certificates (RCAC) for export of Basmati Rice," according to a communication from the Department of Commerce.

The APEDA was requested to take immediate action to implement the decision.

Also Read | EAM S Jaishankar Congratulates Philemon Yang on Assuming Presidency of UN General Assembly’s 79th Session.

However, it added that APEDA will closely monitor export contract for any non-realistic prices for basmati exports.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)