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Food Crisis
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#38
01-21-2009, 03:26 AM
<b>India Ends Tax on Basmati Rice Exports, Reduces Price</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Jan. 20 (Bloomberg) -- India, the world’s second-largest grower of rice, scrapped the 8,000 rupees ($162) a ton tax on exports of basmati rice amid prospects of a record harvest.

The government also reduced the minimum export price to $1,100 a ton from $1,200 a ton, Trade Minister Kamal Nath told reporters after a meeting of a panel of ministers in New Delhi.

India’s rice output may total 83.25 million tons, a second straight year of record, according to the agriculture ministry. The monsoon-sown crop, for which harvesting began in September, contributes more than 85 percent of the rice production
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Food Crisis - by Capt M Kumar - 05-03-2008, 02:11 PM
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Food Crisis - by Capt M Kumar - 04-18-2010, 03:19 AM
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