Log has written
MONDAY, FEBRUARY 13, 2012

New Delhi: The rice availability may rise by 1.6 million tones next year, which would be just sufficient to cater to the domestic demand, the government said on Monday, but ruled out any increase in supply of the foodgrain under the public distribution system (PDS).

Rice supply is projected to rise to 95.5 million tonnes in 2009-10, compared with 93.9 million tonnes in 2008-09, minister of state for food and public distribution Akhilesh Prasad Singh said in the Lok Sabha.

Similarly, domestic consumption would touch 92.87 million tonnes this year against 94.83 million tonnes next year, he added.

“As per the projections, the estimated supply of rice is just sufficient to meet the domestic requirement. Hence the government has decided to ban the export of non-basmati rice,” Singh said.

The government has also made basmati shipments costlier by imposing a minimum export price of US $1,200 as well as a duty of Rs8,000 per tonne, the minister informed.

However, supply of the foodgrain under the public distribution system is unlikely to be raised. “At present, there is no proposal to increase the allocation of rice under PDS,” he said.

Tags - Find More Articles On:
READ MORE ARTICLES BY:
blog comments powered by Disqus
SBI Q3 profit rises 15%; bad loans surge to record
Revenue from corporate and wholesale banking rose 34% to Rs10,942.16 crore, up from Rs8,172.83 crore...
SBI: A year of bad loans
The key factor is State Bank of India’s financial results was the extent of the increase in bad...
Dhanlaxmi Bank’s untold story: why the CEO had to go
The honeymoon did not last long as the trade union turned increasingly restless for fear of losing its...
Views | Reliance follows a buyback with a bond sale
But why is the money being raised when the buyback signals that there is already too much cash on its...
Views | 3D printing can revolutionize the future
3D printers not only make jewellery, toothbrushes, complex machine components and medical implants,