The country’s exports of agricultural and processed products might be significantly affected if the government continues with the policy of a ban on the export of non-basmati rice. Exports of agricultural and processed or value- added products which have been rising sharply during the last few years, might lose momentum due to the government imposing a ban on export non-basmati rice since April. The ban was imposed to contain rising prices of rice in the international market and shore up local availability to curb domestic prices.
According to the Agricultural and Processed Food Products Export Development Authority (APEDA), exports of agri food products during 2007-8 went to up to Rs 28,906 crore against Rs 20,986 crore achieved during the previous year, a sharp rise of more than 37%.
Official sources told FE that although the exports basket of fruits, vegetables, meat, poultry, dairy, flowers have been rising sharply over the last five years, the government’s decision to ban non-basmati exports to contain inflation, would drastically reduce the volume of exports during 2008-09. Sources said that if the export ban policy continued, India might lose an export-revenue of more than Rs 5000 crore during 2008-09. During 2007-8, the country exported non-basmati rice worth of Rs 7,396 crore against exports of Rs 4,243 crore during the previous fiscal, a rise of more than 74%.
Besides non-basmati rice, the ban on export of pulses would also hava an adverse impact . The government has extended the ban on pulses till March 31, 2009. Exports of pulses have fallen from Rs 773 crore in 2006-7 to Rs 526 crore in 2007-8 mainly due to lifting of a ban on export of chickpeas. (The Financial Express)
According to the Agricultural and Processed Food Products Export Development Authority (APEDA), exports of agri food products during 2007-8 went to up to Rs 28,906 crore against Rs 20,986 crore achieved during the previous year, a sharp rise of more than 37%.
Official sources told FE that although the exports basket of fruits, vegetables, meat, poultry, dairy, flowers have been rising sharply over the last five years, the government’s decision to ban non-basmati exports to contain inflation, would drastically reduce the volume of exports during 2008-09. Sources said that if the export ban policy continued, India might lose an export-revenue of more than Rs 5000 crore during 2008-09. During 2007-8, the country exported non-basmati rice worth of Rs 7,396 crore against exports of Rs 4,243 crore during the previous fiscal, a rise of more than 74%.
Besides non-basmati rice, the ban on export of pulses would also hava an adverse impact . The government has extended the ban on pulses till March 31, 2009. Exports of pulses have fallen from Rs 773 crore in 2006-7 to Rs 526 crore in 2007-8 mainly due to lifting of a ban on export of chickpeas. (The Financial Express)
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