• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Ramesh Sharma

Nurturing hope: The Union Finance Minister, Mr P. Chidambaram, taking a close look at a milling machine after inaugurating Tilda Riceland’s Facility at Gurgaon in Haryana on Monday. –

Our Bureau

New Delhi, Sept 22 The Finance Minister, Mr P. Chidambaram, on Monday hinted that export curbs on certain varieties of rice may be lifted in the coming days.

“I know that we were forced to put temporary constraints on certain kinds of rice...hopefully these restrictions can be removed as early as possible,” he said after inaugurating the new facility of rice exporting firm Tilda Riceland here.

The Finance Minister, however, refrained from giving a timeline for the removal of export curbs. “I am not giving you any date or I am not promising you any thing but things will ease and we will be able to remove these temporary restrictions”, Mr Chidambaram said.

The Government had banned export of non-basmati rice since March 31. Exports of Basmati rice is now subject to a minimum export price of $1,000 a tonne and export cess of $200 a tonne.

Mr Chidambaram also said for the first time three crisis – fuel, food and financial – have hit the global economy and this has caused some strain on the Indian economy as well.

PTI reports: In view of record procurement of over 270 lakh tonnes (Lt) rice during 2007-08 season ending September, the Government permitted export of Pusa 1121, a non-basmati variety of rice.

Based on initial reports, rice production is likely to exceed 96.43 mt recorded last season.

The area under rice has gone up by three per cent to 373.51 lakh hectares during the current kharif season.

More Stories on : Rice | Exports & Imports

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line