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Sat, 19/05/2012 - 8:43 am.
DJ India Govt Eases Ban On Rice Exports - Trade Minister

31-10.jpgNEW DELHI (Dow Jones)--The Indian government eased a blanket ban on exports of non-basmati rice Thursday, allowing shipments of some premium varieties of the commodity. 

After a meeting of the federal Cabinet, Minister for Commerce, Kamal Nath, said that grades of non-basmati rice that are priced above $425/ton, on a free-on-board basis, can now be exported.

Exports of all non-basmati rice varieties were banned on Oct. 9 to keep a check on local prices and accelerate the government's procurement of rice from farmers to manage its subsidized sale programs. 

 
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