India sees record rice buys, export hopes brighten

India sees record rice buys, export hopes brighten
Comment E-mail Print Share
First Published: Wed, Aug 27 2008. 05 02 PM IST
Updated: Wed, Aug 27 2008. 05 02 PM IST
Reuters
New Delhi: “India will buy a record 28 million tonnes of rice from local farmers in the year to September, beating its target and raising hopes of an early resumption of non-basmati exports,” a top government official said.
Alok Sinha, chief of the Food Corporation of India said: “The state-run firm had already bought more than the targeted 27 million tonnes, easing concerns of some trade and government officials that procurement would fall short of the mark.”
“After procuring record quantities of wheat, we are going to repeat the feat in rice by procuring 28 million tonnes, surpassing 27.5 million tonnes procured two years ago,” Sinha added.
Comment E-mail Print Share
First Published: Wed, Aug 27 2008. 05 02 PM IST