AGRICULTURE and food minister Sharad Pawar has said the restrictions imposed on export of major foodgrain are not permanent and the government could lift the ban once the supply situation improves.
The government has banned export of various commodities like wheat, non-basmati rice, pulses and imposed duty on export of basmati rice in a bid to check inflation which has increased to 45-month high of 8.24%.
Mr Pawar represented India at Rome conference, organised by the food and agriculture organisation (FAO), to chalk out a strategy to deal with the soaring commodity prices and minimise the impact of poor people of the world.
The minister attributed the ongoing global food crisis to the decision of the major developed countries to divert substantial area of their wheat crop to the corn for production of ethanol and high crude oil prices.
Source: The Economic Times (9th June 2008)
Contributed By:
Prof. Amit Dey
(Globsyn Business School)
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