Tuesday, September 20, 2011

India's rice exports to ease food inflation fears

Two million tons of each Rice & Wheat permited by Government of India for exports
as Indian storage capacity is over flowing with stocks of these commodities
New Delhi's move to export non-basmati or cheaper grades of rice couldn't have come at a better time for buyers, with benchmark rice climbing to a three-year top last week on expectations of intervention by the new Thai government - thai food prices are very high...so their government wants to restrict exports !

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