The New Nation - Internet Edition

Internet Edition. March 9, 2008, Updated: Bangladesh Time 12:00 AM

India raises rice export prices

Internet

India has raised the minimum price for exporting non-basmati rice in an effort to discourage exports and control domestic food costs.

The rate has gone up from $500 a tonne to $650.

India imposed a total ban on non-basmati rice exports last October, but lifted it after protests by traders.

The cost of rice in India went up by about 10% last year due to shortages. India is the third largest rice exporter after Thailand and Vietnam.

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