Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
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India unlikely to resume rice exports
NEW DELHI , India is unlikely to resume rice exports before December as it wants to meet domestic demand for grains from regions where there are shortages, the head of the country's largest state-run food agency said.
"We are still moving rice to southern India, mainly Karnataka," V.K. Malhotra, managing director of the Food Corporation of India (FCI).
"So, we are not likely to start exporting rice before December because the new crop will not be available till then."
FCI stopped fresh allocation of rice and wheat to exporters in July as inventories fell sharply and rail wagons were needed for inland transportation.
India's grain stocks have dipped following aggressive exports and failure of monsoon rains last year.
The country's grain stocks as of July 1 had dipped to 35.2 million tonnes from 63 million tonnes on the same date last year.
FCI, Asia's biggest food procurement and distribution agency, moves about three million tonnes of grain a month to needy states, besides selling grain for exports to state-run marketing firms and private traders.
Malhotra said the government had limited rail wagons and it was giving priority to moving grains within the country rather than sending them to ports for exports.
"We are not short of anything. Logistics is the only problem."
He said FCI was allotting 200 wagons a month for exporters to fulfil existing contract commitments.
India shipped about 400,000 tonnes of wheat and rice's every month, mainly to the Middle East, Africa and Southeast Asia before the FCI stopped issuing stocks to exporters.
MGR Archive 1.9.2003
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Russia Rapan $ 700
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