- A member of Indian Rice Exporters Federation agreed to supply 5,000 tonnes of basmati rice to the US
- The agreement follows the India-US trade deal reducing tariffs from 25% to 18% on Indian goods
- The supply deal is a significant development for Indian basmati rice exports to the United States
A member of the Indian Rice Exporters Federation (IREF) has entered into a commercial agreement to supply 5,000 tonnes of basmati rice to a buyer in the US, according to a statement.
The federation said that this is a significant development as it comes after the finalisation of India-US trade deal, under which America has agreed to reduce reciprocal tariffs on Indian goods to 18 per cent from the present 25 per cent.
"One of the members of the IREF has successfully entered into a commercial agreement for the supply of 5,000 MTs of basmati rice to a buyer in United States of America," it said.
IREF said it has encouraged all its members to continue maintaining quality standards in their export activities.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
