India has eliminated the minimum export price for basmati rice, which is expected to boost demand in the Middle East, Europe, and Americas, and increase India's global market share. This policy change allows Indian exporters to offer more competitive prices, providing global buyers with a wider range of basmati rice options. Despite previously favoring Pakistan in certain market categories, the removal of the minimum export price could help India regain market share. In the first four months of the fiscal year, India's basmati rice exports increased by 20% year-on-year, and with favorable monsoons expected to boost basmati rice production by 10-12%, there is potential for further growth in exports.