Trade Policy #basmati rice#india
Pakistan Duty Drawback Extension Threatens India's Basmati Rice Export Competitiveness
Pakistan's Ministry of Commerce issued a duty drawback order for Basmati exporters in January 2026, offering up to 9% of f.o.b. value for exports at $750/tonne or more. The benefit, set to expire June 30, may be extended, worrying Indian exporters about lower global realisations. Despite India's higher average realisation of $920/tonne in April 2026, Pakistan's lower benchmark could pressure Indian Basmati prices.
Jun 17, 2026 1 source