Monday, 10 March 2008

India Confirms Hiking Minimum Export Price Of Non-Basmati Rice

India Friday confirmed hiking the minimum export price of non-basmati rice to $650 per metric ton, on a free-on-board basis, to further shore up local availability, an official notification said. Earlier, only non-basmati rice valued over $500/ton was allowed to exported from the country.

The government also restricted the export of basmati rice to Russia, allowing only varieties above $900/ton, FOB basis. The notification also imposed some restrictions on export of all types of
rice varieties from Indian ports of Kandla, Kakinada, Kolkata and Mumbai.




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