Business Standard
Wednesday, Feb 15, 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
 

No plan to relax curbs on rice export: Pawar
BS Reporter / New Delhi Nov 27, 2008, 00:59 IST

Sharad PawarThe government has no immediate plans to relax the ban on the export of non-basmati rice or withdraw the export duty on basmati rice exports.

Speaking at the Economic Editors’ Conference here, Union Food and Agriculture Minister Sharad Pawar said: “For the next 4-5 months, I do not want to create a situation where wheat and rice prices go up.”

 Click here for Cloud Computing
 
In March this year, the government had imposed a ban on non-basmati rice exports and levied an export duty of Rs 8,000 a tonne on basmati rice exports.

He also ruled out the imposition of an import duty on palm oil. “If oilseed prices go down below the minimum support price (MSP), we will definitely act. However, at the moment market prices are ruling above the MSP,” Pawar said. The government has also made a downward revision in sugar production estimates for 2008-09 (October-September) by 6.8 per cent to 20.5 million tonnes. “The delayed rains have led to lower sucrose content in sugarcane. However, sugar output cannot go below 20.5 million tonnes,” Pawar added.

The country has a carryover of 11 million tonnes of sugar from the previous season, which takes the total availability to 31.5 million tonnes for the year. “After accounting for domestic consumption of 22 million tonnes and estimated export of 2 million tonnes, the country would still have a surplus of 7.5 million tonnes during the year,” he said.

On agricultural growth, the minister said: “Average annual growth during the Tenth Five-Year Plan is estimated at 2.5 per cent. However, the growth rate during 2006-07 and 2007-08 has been more than 4 per cent. I believe we will be able to maintain this rate in 2008-09 as well.”

Pawar added that even though the kharif output estimate is lower than last year owing to delayed monsoon in states of Maharashtra, Gujarat, Andhra Pradesh and Karnataka, the rabi crop will more than compensate the loss.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end higher led by rate sensitives
- New rules to seize property of corrupt babus
- BSES gets Rs 5,000-cr IDBI Bank loan to pay dues
- Reliance MediaWorks Q3 net loss at Rs 151 cr
- Investor wealth grows by Rs 10 lakh cr in 2012 rally
  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.
- Financial Learning now made easier and more convenient.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to 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..
- 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
   
- BSE Q3 net dips 23% on market making spends
- Shyam Saran: Changing climates of governance
- Subir Roy: Creating affordable urban capacity
- M J Antony: Reluctant respondents
- Now, leasing a Merc is cheaper than buying
 
 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  
 
Ambassador car |  Uttarakhand |  TCS |  Sarfaesi Act |  Vodafone |  DZire |  Aakash tablet |  Sodexo |  NHAI |  Companies Bill 2011 |  Playbook |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  FDI in retail |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  TCS |  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