By bno – Mumbai Office Global rice prices fell on September 30 following reciprocal actions by India and Pakistan to remove price caps and resume exports, according to Al-Jazeera. India recently ended its ban on the export of non-basmati white rice, in place for over a year. This came after Pakistan’s decision to lift the minimum export price (MEP) for all rice varieties, which had been in effect since 2023. Pakistan’s move was influenced by India’s earlier removal of the $950 per metric tonne MEP on basmati rice in September. India and Pakistan are the only producers of basmati rice. In a not…