Posts Tagged ‘rice export’

India Bans Exports of Edible Oils to control rising prices

India banned exports of all edible oils due to the rising domestic prices and control inflation. The ban will be in place till March 16, 2009.

Rising prices caused the Indian government to ban exports of rice, sugar, wheat, pulses and skimmed milk powder– even raised rice export prices. Ban on exports is another step to control inflation.

India raises rice export prices

indian_rice_fields.jpg

To discourage exports and control domestic food costs Indian government has raised the minimum price for exporting rice. India exports about 4-5 million tonnes of rice annually.

Non-basmati rice rate has gone up from $500 a tonne to $650 (Rs 26,000 rupees ).
Basmati rate has gone to $900 (Rs 36,000 rupees ). Earlier, there was no fixed minimum price for export of basmati rice.