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Rice stocks soar as minimum export price on Basmati scrapped
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05 Jul 2012, 10:06 AM IST 
IMF managing director Christine Lagarde gives a speech at a special forum preceding in Tokyo.
Shares in rice exporting firms soared on the back of a government decision to scrap the minimum export price (MEP) on Basmati rice. The move will improve the price competitiveness of Indian firms in overseas markets.Kohinoor Foods was up 11.4 per cent to Rs 31.30, while REI Agro jumped 9.5 per cent to Rs 10.95 on the BSE. KRBL and Chaman Lal Setia gained 8-9 per cent in a flat Mumbai market. LT Foods traded with over 7.5 per cent gai...
