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On October 3, 2018, the Government of India raised the minimum support prices (MSP) for the select upcoming rabi (winter-planted) crops. Due to a slowdown in rice export offtake in the last quarter, the estimate for MY 2017/18 rice exports is lowered to 12.2 MMT. MY 2018/19 rice exports forecast is lowered to 12.5 MMT.
