The government has extended the ban on rice export for one more year till June 2010.
The commerce ministry on Thursday issued an order extending the ban, which was due to expire on the day, to keep the price of rice stable in the local market.
The food ministry earlier requested the commerce ministry to extend the ban for two more years.
The commerce ministry officials said that they had already forwarded the order on extending the ban for more year to the National Board of Revenue.
The government earlier in 2008 had first imposed ban on export of rice, except aromatic rice, for six months.
It continued to extend the ban every six months and imposed ban on
aromatic rice in
December 2010 along with other rice.
A high official of food ministry said that the some unscrupulous traders misused the opportunity of rice export and created volatility in the local rice market.
He said that the demand for rice had increased in market because of the rise in population and that was why the government decided not to withdraw the ban on rice export.
Source : New Age
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