Govt may scrap ban on export of rice, wheat

Govt may scrap ban on export of rice, wheat
Comment E-mail Print Share
First Published: Fri, Jul 03 2009. 11 12 PM IST
Updated: Fri, Jul 03 2009. 11 12 PM IST
New Delhi: The government will scrap a ban on exports after assessing output and purchases from farmers, minister of state for agriculture K.V. Thomas said.
The government will also assess stockpile in state-owned warehouses and impact on local prices of the grains, Thomas told Parliament on Friday.
The government banned wheat exports in February 2007 and overseas sales of non-basmati rice on 1 April 2008 to bolster supplies.
The government has bought a record 30 million tonnes of rice from farmers, agriculture minister Sharad Pawar said in Parliament earlier on Friday. The government’s food subsidy bill may exceed Rs50,000 crore if the government keeps its election promise of ensuring food security to poor families, Pawar said .
Comment E-mail Print Share
First Published: Fri, Jul 03 2009. 11 12 PM IST
More Topics: Export | Rice | Agriculture | KV Thomas | Sharad Pawar |