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 to Consider Easing Ban on Export of Rice, Wheat
une 23 (Bloomberg) -- India, the world's second-biggest producer of wheat and rice, may consider easing a ban on exports of the grains as early as September after the nation harvests record crops, agriculture minister Sharad Pawar said.

Wheat production in the South Asian nation may reach 78 million metric tons in the year to June 30, exceeding the 76.8 million tons estimated in February, the minister told reporters in New Delhi today. Rice production may reach 95.7 million tons, the farm ministry said April 22.

Prime Minister Manmohan Singh's government banned rice exports in April and wheat shipments in 2006 to safeguard supplies and slow food-price escalation. The government has bought 22.2 million tons of wheat from farmers and may sell the grain in the open market to cool prices, Pawar said.

``Wheat production and procurement will be the highest since India's independence,'' Pawar said.

India's wholesale prices unexpectedly accelerated to a 13- year high of 11.05 percent in the week to June 7, after gaining 8.75 percent in the previous week, as record crude oil costs forced the government to raise retail fuel prices for the second time in four months.

The government isn't planning to ban futures trading in more commodities to curb inflation as it's focused on boosting supplies of essential commodities, Pawar said. India last month expanded a ban on futures trading in rice, wheat and lentils to include soybean oil, rubber, chickpeas and potatoes to curb speculation.

Summer Crops

Sowing of summer crops such as rice, oilseeds, cotton and sugar cane were satisfactory, Pawar said.

Farmers planted rice in 969,000 hectares (2.4 million acres) as of June 20, 6.8 percent less than a year earlier, while sugarcane was planted on 4.07 million hectares, down from 4.75 million hectares a year earlier, the farm ministry said last week.

The area planted to soybeans more than quadrupled to 103,000 hectares from a year ago, while peanuts were sown on 237,000 hectares, more than the 189,000 hectares from last year, according to the government.
MGR Archive 25.6.2008
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