The Indian government is planning to lower the minimum price for basmati rice exports and replace the 20% export tax on parboiled rice with a flat tax, in an effort to maintain India's market share against Pakistan and control local prices. The proposed reduction in the minimum export price of basmati rice from $950 to $800-850 a metric ton could increase shipments and compete with Pakistan's record rice exports this year. The government is also considering removing the 20% export tax on parboiled rice and may review the export ban on non-basmati white rice after assessing rice planting progress. This comes as India has imposed various export restrictions since 2023 to control local prices and as rice stocks in state warehouses have reached the highest level in seven years.