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Article: Export sop on Basmati rice withdrawn as price control measure.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- April 4, 2008
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Export sop on Basmati rice withdrawn as price control measure
New Delhi, Apr 4 (PTI) Battling inflation, the government today withdrew incentives on export of Basmati rice to improve supplies and check prices of the premium foodgrain in the domestic market.
In an all-out effort to tame price rise touching a three-year high of seven per cent, the government has already taken several measures, including ban on export of rice, other than the Basmati variety.
The Cabinet Committee on Prices, which met early this week, revised the export bar by increasing minimum price to 1200 dollars a tonne for Basmati rice.
"Export of Basmati rice shall ...