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Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine

IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy BALCO deploys AI humanoid agent for real-time training, operations and safety Om Power Transmission IPO subscribed 3.33 times on final day Broker’s call: Anand Rathi Wealth (Neutral) Broker’s call: Paytm (Outperform) Pakistan Stock Exchange plunges 5,000 points after US-Iran talks fail NSE gets MCA approval to launch National Coal Exchange of India Citius TransNet Investment Trust's ₹1,105-cr IPO to open on Apr 17 NSE gets MCA nod for coal exchange entity name Coal stock adequate for 90 days available: Union Coal Minister Kishan Reddy Rupee falls most in two weeks as oil spikes on US move to blockade Iran ports India auctions 46 critical mineral blocks, launches 7th round with 19 more: G Kishan Reddy Dalal Street midday: Sensex, Nifty down nearly 1%, Reliance, Eicher among top laggards, auto, oil Stocks weigh Iranian crude returns to India after seven years as tankers dock at key ports Sensex, Nifty pare early losses but stay in red at noon; Auto, Financials drag India's March palm oil imports fall 19% to three-month low Government bonds slump after US-Iran peace talks falter Failure of US-Iran talks set to weigh on risk assets Monday Failure of US-Iran truce talks: Rupee opens 57 paise weaker RBI criticises banks’ rupee arbitrage trades Crude oil futures rise as US moves to blockade Iranian ports Gold falls on stronger dollar, fading Fed rate-cut hopes Crude oil jumps 7% to above $100 on US’ maritime blockade on Iran Japan’s benchmark bond yield jumps to 29-year high as US-Iran talks collapse How govt policy initiatives to impact shares of EV makers, oil exporters Stock Market Highlights: Sensex ends at 76,776; Nifty 50 down 226 pts (0.94%) at 23,823 Draft CAFE-3 Norms: Govt eases penalties, focuses on carbon credit trading for auto sector Brokers’ ISF explores unified documentation framework to ease compliance burden K-shaped trend emerges in jewellery as premium demand stays resilient Retail investors give recent IPOs a miss due to lack of bumper listing gains Inconclusive US-Iran talks, oil prices, inflation data to dictate investors' sentiment: Analysts FPIs extend sell-off in April; pull out ₹48,213 crore in 10 days After hitting rock bottom, Indian stock market is on its way to a speedy recovery, says Vallum Capital Gold vs equities: Does the yellow metal hold edge despite softening shine? 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Centre initiates review of India’s approved basmati varieties
Prabhudatta Mishra · 2026-06-26 · via Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine

To prune list of export-eligible aromatic rice strains, preserve brand identity of popular varieties

Updated - June 26, 2026 at 08:08 PM.

At present, the government recognises 45 aromatic rice varieties as eligible for export as basmati

At present, the government recognises 45 aromatic rice varieties as eligible for export as basmati

What’s in a name? A lot, if basmati rice exporters are to be believed. At their behest, the Centre has initiated a review of India’s approved basmati varieties, seeking to prune the list of export-eligible aromatic rice strains and preserve the brand identity of popular varieties such as Pusa Basmati 1121.

At present, the government recognises 45 aromatic rice varieties as eligible for export as basmati. Exporters have long argued that this list is too long because only a handful of varieties are actually sought after by overseas buyers. With the government deciding to prune the approved list of names, basmati varieties will be more aligned with what the export market demands.

Also, typically, when scientists improve an existing basmati variety, they release it under a new code/name. Exporters say this creates a marketing problem because foreign buyers only recognise famous varieties such as Pusa Basmati 1121, which is the world’s longest elongated rice after cooking. The popularity of Pusa Basmati 1121 is such that the other producing country, Pakistan, also sells its aromatic rice using 1121 code.

To be able to qualify as basmati, one of the few parameters is the size that needs to be minimum 12 mm length after cooking. But in case of Pusa Basmati 1121, which was released in 2005, the length expands to 22 mm.

“Pusa 1121 contributed to taking India’s basmati exports to over ₹50,000 crore (2025-26) from less than ₹3,000 crore (2004-05) for which IARI has done a commendable job. But if there is an alignment in names of improved varieties with the parent successful variety, it is a welcome step,” said Vijay Setia, a former President of the All India Rice Exporters Association.

no decision yet

Sources said that top IARI scientists, officials of the government’s agri export promotion arm APEDA and some exporters had a brainstorming earlier this week. Though there is no decision yet, ICAR is believed to have agreed to revisiting the naming issue in Basmati varieties.

“For a mature GI product like basmati, a living variety management framework might be preferable to a static list through defined reputation principles. Basmati rice GI system may classify varieties as principal varieties, which forms the core identity of the GI while the remaining [including improved varieties] could be classified as secondary varieties, historic/heritage varieties, experimental varieties and withdrawn varieties,” said trade policy expert S Chandrasekaran.

Published on June 26, 2026