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India Might Ban Basmati Rice Exports to Tame Inflation - Report (DJ)

Source: Dow Jones Newswires
15/04/2008

New Delhi, April 15 - India's federal government might impose a temporary ban on basmati (aromatic) rice exports as part of its ongoing measures to tame surging inflation, the Economic Times newspaper reported, quoting unnamed government officials.

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"The move is being considered as a short-term measure," said one of the officials.

Basmati rice makes up around 1% of India's total annual rice production.

Last month, the federal government banned exports of non-basmati rice and raised the minimum export price of basmati rice to shore up local supplies and control inflation.



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