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Tuesday, January 1, 2008

[vinnomot] Rice price hike not to hurt Indian exports to Bangladesh

"The high commission said the reports were 'misleading and inaccurate'. It said: 'The restriction is not applicable to exports undertaken under the food aid programme,' the Daily Star reported. India's External Affairs Minister Pranab Mukherjee had said India would waive its ban on export to facilitate thesale to Bangladesh"

Rice price hike not to hurt Indian exports to Bangladesh

 
Tuesday January 1, 03:19 PM
Dhaka, Jan 1 (IANS) India has said the hike in the minimum export price of rice will not affect the export of 500,000 tonnes to Bangladesh under the food-for-aid programme after the Nov 15 cyclone.
The clarification by the Indian High Commission here came following several media reports that the price hike, from $425 to $500 per tonne, had sent domestic prices soaring.
The high commission said the reports were 'misleading and inaccurate'.
It said: 'The restriction is not applicable to exports undertaken under the food aid programme,' the Daily Star reported.
India's External Affairs Minister Pranab Mukherjee had said India would waive its ban on export to facilitate the sale to Bangladesh.
 
 
 
- Rice Quotes • Dec. 26, 2007-
(all per MT bag FOB;ex.bulk paddy)
American
(all per MT bagged FOB) 
Asian 
-
Gulf
Calif
Urug
Argen
-
Thai
Viet
India
Paki
4%
$525
$625
$470
$465
100%B-5%DP
$380
-
-
-
10%
$515
-
$460
$455
15%
$360
-
-
-
Paddy
$305
$350
-
-
25%
$355
-
-
$350

Rice price rise linked to high demand in supplier nations

India increases the rate of exported rice again 

[Read MBI Munshi's misleading and inaccurate propaganda below]

 
On 12/31/07, M.B.I. Munshi <MBIMunshi@gmail.com> wrote:

Dear All,

According to an Indian High Commission statement clarifying the price hike in rice they content that the measures are not country specific but apply to all countries. What this fails to address is the fact that the humanitarian gesture for export of rice was country specific to offset the hardship caused by Cyclone Sidr in Bangladesh. If this was really meant as a humanitarian and friendly gesture than exports to Bangladesh should be at concessionary rates until the situation in the Sidr affected areas have achieved some semblance of normality. My contention is that India uses food as an instrument of their foreign policy and we should not expect any favours from them. This was their
attitude during the 1971 war and this has not changed in the last 36 years. In fact, their objective in 1971 was merely to create a
impotent vassal state to their east which was probably successful
until 1975 when Bangladesh decided to show that it had teeth –
India clarifies reports on rice export

UNB, Dhaka

The New Nation – January 1, 2008

The Indian High Commission here Monday admitted that its government raised the minimum export price of rice to US$ 500 from US$ 425 per ton.
Clarifying the actual position a press release said the enhanced
export price is applicable not only to Bangladesh but all importing
countries. The minimum export price of rice raising 75 dollars per ton was notified on December 27 is not country-specific. It said export restriction was imposed by India on non-basmati rice with effect from October 9, 2007, taking into account availability and prices of rice in the Indian domestic market.

External Affairs Minister of India Pranab Mukherjee during his visit to Bangladesh in early December had announced that Indian government will waive ban on export of 5 lakh tonnes of rice to Bangladesh.

http://nation.ittefaq.com/issues/2008/01/01/news0033.htm



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