India is losing its global market share in basmati rice as a result of the government’s decision to set a minimum export price. At a recent food fair in Istanbul, no Indian companies were able to secure orders for the new basmati crop. Global buyers are resorting to tactics such as delaying payments and pressuring Indian basmati traders to fulfill old orders. India produces five varieties of basmati rice and exporters are not buying rice from farmers due to the lack of orders.