With reference to the notification issued by Government of India, wherein minimum export price of Basmati Rice has been set as $1200 per ton and export below the said limit will be put on hold and evaluated by a Committee being formed by the Government, in this regard LT Foods has informed that the said limit does not have any impact on the exports for the Company as the Company mostly export premium and aged rice in its own trusted brands i.e. DAAWAT and Royal, export price of which is mostly over and above the said minimum export price limit.
The above information is a part of company’s filings submitted to BSE.
