Indian sugar mills association

Basmati, Onion Export Price ma

Date:	29 Oct 2011

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News ID:	629

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The government will consider lowering minimum export price for Basmati rice and onions, following representations from farmers and traders on the need to boost exports. The panel of secretaries on food will examine the available stocks and domestic prices in its meeting on Monday before making a recommendation, a government official has said.

The committee of secretaries will also examine the possibility of allowing export of sugar, including organic sugar to the EU under the quota scheme. The CoS is headed by commerce secretary Rahul Khullar and has representatives from a number of ministries and departments, such as agriculture, food & consumer affairs and finance.

"We have got representations from exporters of both onions and Basmati rice on the need to lower MEP to increase exports and check falling domestic prices," a government official told ET.

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