NEW DELHI: The Central government will continue with the free export policy for rice, wheat and cotton this year, as announced by Union Commerce Minister Anand Sharma.
In September last year, the ban on export of non-basmati rice and wheat was lifted and exports were put on open general licence (OGL) due to bumper food grains production in the country.
While addressing the All India Kisan Coordination Committee (AIKCC), Sharma said, “Due to higher production, the government has allowed export of rice, wheat and cotton. This will continue as we have enough supply.”
The stable farm export policy is essential to ensure better income to farmers and the same has been communicated to Prime Minister Manmohan Singh.
So far, the country has exported 10 million tonne non-basmati rice and over 3 million tonne wheat through private trade.
Further, the minister said that the Indian wheat is dominating in the world market this year. An expected crop failure in the US and Ukraine has generated huge demand for India wheat and traders are fetching good price up to $ 328 a tonne.
Source:India Mart
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