Business Standard
Thursday, Feb 16, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Govt to ban wheat, non-basmati exports
BS Reporter / New Delhi Jul 25, 2009, 00:50 IST

Concerned over the impact of deficient rainfall on agricultural productivity, the government today said it would stop all exports of non-basmati rice and wheat. This was announced by Union Agriculture Minister Sharad Pawar in the Rajya Sabha.

Elaborating the measures to tide over the situation, Pawar said exports of non-Basmati rice and wheat, which was allowed through diplomatic channel, would be completely banned.

“We are going to stop it,” he said, replying to a Calling Attention Notice. While the private exports of non-Basmati rice and wheat had remained under ban for long, the government had allowed limited exports through diplomatic channels. A decision to allow export of 2 million tonnes of wheat and another 2 million tonnes of rice was taken by a group of ministers earlier this year.

Pawar, however, allayed fears of a grain shortage. “Stock position is quite comfortable. We have sufficient stock position for 13 months in our kitty,” he said. While Pawar was worried over the runaway rise in prices of Arhar dal to Rs 95-100 a kg, he said: “This will be a temporary phenomenon”. As on July 1, the Food Corporation of India (FCI), government’s grain procurement and distribution agency, had stocks of 52.63 million tonnes (32.92 million tonnes wheat and 19.61 million tonnes of rice).

On the progress of rains, Pawar said: “Monsoon this year has been weak and erratic in its progress and distribution, resulting in late sowing of crops.” He said states like Uttar Pradesh, Bihar, Punjab, Haryana, Assam and Manipur are likely to be affected by the deficient rainfall.

Stating that the deficiency in rainfall has come down to 19 per cent as on July 23 from 62 per cent in June, he said: “This week, the situation will further improve.”

On the impact of monsoon on crops, Pawar said he was concerned over paddy. “Rice area and productivity may be adversely impacted which could be compensated to some extent by cultivating oilseeds, pulses and some coarse cereals in additional areas,” he said.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets extend losses, RIL down 3%
- Power stocks on a roll, Adani Power up 24% in 2-days
- Gayatri Projects rallies 18% ahead of rights issue
- Aviation stocks gain 2% on cut in jet fuel prices
- Sun Pharma slips 3% on $960-mn lawsuit
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Medium-sized businesses are the engines of a smarter planet.
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Kanika Datta: The importance of being SRK
- Leela parts ways with Kempinski
- Nestle: Food for thought
- Tailor-made but not good enough
- Tata Motors soars to record level as JLR propels profit
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us