NEW DELHI: The Government has allowed shipment of up to 15,000 tonnes of non-basmati rice to Nepal, partly easing the ban on exports of the foodgrain. 

“Ban on export of non-basmati rice shall not be applicable to export of 10,000 to 15,000 tonnes to Nepal,” Directorate General of Foreign Trade (DGFT) said in a notification. 

The shipment of non-basmati rice could be made only through state-run trading firm STC. The government agency has been asked to ensure that export to the neighbouring country does not affect the overall price situation of rice in the domestic market.

Hanoi: Iraq has bought 30,000 tonnes of Vietnamese rice via a tender for shipment early next year, a trade source said on Tuesday. 

Iraq bought the long grain, 5 per cent broken rice from a European trading firm at $411 per tonne, free-on-board basis, for shipment in January and February, said the trader who was close to the deal.

NEW DELHI: Even as India is shying away from exporting non-Basmati rice fearing inflation rise, Cambodia is all set to play a big role in rice market with a surplus crop helping the country ship at least 2 million tonne.
Media reports said Cambodia’s production of unmilled rice has increased 12 per cent this year, which would create a surplus of 2.8 million tonnes in 2008, up 300,000 tonnes over last year’s figures.

NEW DELHI, Nov 25: India may review its export tax on basmati rice and allow overseas sales at a lower price as it is losing market share to Pakistan, a trade official said on Tuesday.

India in April imposed an export duty of $200 on a ton of basmati rice and raised the minimum price for export to $1,200 per ton, reacting to rising prices and dwindling stocks.

Pakistan, which also produces aromatic basmati, has cashed in on the moves, the executive director of the All India Rice Exporters’ Association, Anil Adlakha told Reuters.