Govt hikes ex-granary prices for rice export
New Delhi: In what could make Indian rice less competitive in the world market, the government on Monday announced a hike in ex-granary prices for rice exports by a whopping Rs 585-865 per tonne for the next quarter while creating five price slabs on an yearly basis. A decision to this effect was taken by the food ministry, based on the recommendations of a high-level committee looking into foodgrain exports and the new rates will be applicable for the July-September quarter. For the 2002 crop, the price of par-boiled rice has been hiked by Rs 585 a tonne to Rs 7,500 per tonne and that of raw rice is up by Rs 690 per tonne to Rs 7,300 per tonne making the categories costlier by $12-15 a tonne in the international market.
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