India Lifts Export Ban For Bangladesh

The Indian government has decided to lift the ban on export of non-basmati rice to Bangladesh priced below $400 PMT on humanitarian grounds in view of the devastating cyclone Sidr which hit Bangaldesh in the past week.

India had earlier banned all non-basmati rice exports in October to build its buffer stocks. However, the ban was later relaxed to allow exports of higher priced rice in view of rising discontent among exporters.