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Thursday, May 14, 2009

India may sell 10 lt more non-basmati rice to Africa

WITH stocks piling up, India may soon sell another 10 lakh tonne (lt) non-basmati rice to poor African nations, raising the total quantity of such exports to 20.5 lakh tonne. While the decision has been taken by the committee of secretaries (CoS), it will be executed by the ministry of external affairs, a commerce department official said.
    The MEA will decide the timing of this additional export, the countries to which the rice would be exported and the quantity to be released. The CoS also decided to allow 20 lakh tonne wheat exports after the elections. "The notification will be issued soon after the counting is over on May 16," the official said.

    "The CoS has decided that the country can safely part with another 10 lakh tonne rice at the moment. The decision on how to go about it will be taken by the MEA. The commerce department will then act on the instructions," said a commerce department official.
    In January, the government allowed 55,000 tonne non-basmati to be exported to Nigeria, Senegal, Ghana and Cameroon. Earlier this month, it allowed another 10 lakh tonne to be exported to 21 African countries. All rice will be exported through governmentowned companies. "The next lot of rice exports,
when allowed, will also be done through PSUs," the official added. It is, however, too early to say which countries would be on the list. "There are 55 African countries and some small economies like Fiji, to which India exports rice. The MEA will decide which of these countries should be supplied rice," he added.
    With rice stocks crossing 21 million tonne and record production of 99.37 million tonne in 2008-09 season, India's position is quite comfortable. "We can easily export some rice this year without fear of domestic prices going up," the official said.

Rice procurement
up 19% to 284 lt
NEW DELHI: The Centre's rice procurement rose by over 19% to nearly 284 lakh tonnes so far this season over the same period last year. Rice procurement stood at 283.7 lakh tonnes till Wednesday in this season against 237.9 lakh tonnes in the same period last season, according to the govt data. On the feedback from the states in September last year, the Centre had estimated that rice procurement would be 280 lakh tonnes in the current season. The procurement stood at 284.9 lakh tonnes in 2007-08 marketing season (October-September). Punjab continued to remain the major contributor to the central pool with 84.9 lakh tonnes so far. Andhra Pradesh is the second major state with 60.7 lakh tonnes, according to FCI data. Other states which contributed significantly to the central pool includes Uttar Pradesh with 36 lakh tonnes, Chhattisgarh with 25.5 lakh tonnes, Orissa with 20.4 lakh tonnes, Haryana with 14.1 lakh tonnes and Tamil Nadu with 10.8 lakh tonnes. —PTI

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