Cabinet likely to approve concession on rice export ban
Agriculture Minister Sharad Pawar and Nath met yesterday and agreed to exempt from export ban all expensive varieties of non-basmati rice.
By PTI |
NEW DELHI: The Union Cabinet is likely to approve the exemption of all rice varieties, which command a minimum price of 425 dollar per tonne in the global market, from the ban imposed earlier this month on exports of non-basmati rice.
"The Cabinet will take up the issue tomorrow at its meeting," Commerce and Industry Kamal Nath told reporters here today.
Agriculture Minister Sharad Pawar and Nath met yesterday and agreed to exempt from export ban all expensive varieties of non-basmati rice. Haryana Chief Minister Bhupinder Singh Hooda was also present in the meeting.
The Centre had imposed a ban on export of non-basmati rice from October 9. However, the move was opposed by exporters as well as farmers as it led to depressing of prices in the domestic market and deprived the growers benefits of lucrative exports.
Nath said that stocks of all varieties lying in port godowns up to October 10 would not come under the export ban.
"Hooda explained to us the situation being faced by Haryana and Punjab farmers. We also spoke on phone to Andhra Chief Minister Y S R Reddy who has been receiving representations from rice growers," Nath said.
He said exports for which letters of credit were opened before October 9 will not come under the ban.
Nath said the step should provide relief to exporters and growers as all premium quality rice with a price tag of 425 dollar will be exempted from the export ban.
Both rice growers and exporters have been sending representations to Chief Ministers of rice growing states of Punjab, Haryana and Andhra Pradesh besides the central ministries of commerce and agriculture.
"The Cabinet will take up the issue tomorrow at its meeting," Commerce and Industry Kamal Nath told reporters here today.
Agriculture Minister Sharad Pawar and Nath met yesterday and agreed to exempt from export ban all expensive varieties of non-basmati rice. Haryana Chief Minister Bhupinder Singh Hooda was also present in the meeting.
The Centre had imposed a ban on export of non-basmati rice from October 9. However, the move was opposed by exporters as well as farmers as it led to depressing of prices in the domestic market and deprived the growers benefits of lucrative exports.
Nath said that stocks of all varieties lying in port godowns up to October 10 would not come under the export ban.
"Hooda explained to us the situation being faced by Haryana and Punjab farmers. We also spoke on phone to Andhra Chief Minister Y S R Reddy who has been receiving representations from rice growers," Nath said.
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He said exports for which letters of credit were opened before October 9 will not come under the ban.
Nath said the step should provide relief to exporters and growers as all premium quality rice with a price tag of 425 dollar will be exempted from the export ban.
Both rice growers and exporters have been sending representations to Chief Ministers of rice growing states of Punjab, Haryana and Andhra Pradesh besides the central ministries of commerce and agriculture.
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