>India hikes rice price to $1,000 per tonne

>INDIA increased minimum price for export of non-basmati rice to $1,000 per tonne from $650 but food ministry officials believe this move would not have any major impact on Bangladesh.
The Indian team negotiating rice price with Bangladesh officials, meanwhile, left for India yesterday, finally offering the export price of per tonne of rice at $430 at government level.
The Indian team also asked the Bangladesh authorities to inform the Indian side about their decision on import of four lakh tonnes of rice from India by this month.
An Indian commerce ministry notification signed by its additional secretary IK Gujral fixed the new price for non-basmati rice.
Food Secretary Mollah Waheeduzzaman told The Daily Star that Bangladesh has food reserve for three months and Boro rice will start entering the market soon. The international food crisis and the Indian price hike will not impact Bangladesh, he said.
Mohammad Tipu Sultan, a rice importer, said hiking export price to $1,000 per tonne indicates that the Indian strategy is not to export rice. (Read full report)
Related story:
Traders hoard rice, hike prices

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