-The Economic Times India's rice exports are likely to jump as much as 15% this year after the government scrapped the minimum export price (MEP) of $700 per tonne. "India's annual basmati exports will surpass last year's figure in the current fiscal," said Sumeet Saluja, managing director, Whitefields Overseas, which markets basmati under the brand name India Crown. Total rice shipments, including basmati and non-basmati, were 7.3 million tonne in 2011-12. Of this,...

-PTI Patchy monsoon has its shadow over onion cultivation with major producing regions in Maharashtra and Gujarat witnessing drop in sowing area of the key kitchen item almost by half. Decline in area would affect supply of onion during October-December period and could trigger its price rise in the domestic market. Onion is selling at Rs 10-15 a kg at present in retail in Delhi and other parts of the country. "Almost 50 per...

-The Hindu   Faced with strong protests from farmers and a demand from the Maharashtra government, the Centre on Tuesday announced the lifting of the ban on export of onions with immediate effect. The decision was taken by the Empowered Group of Ministers (EGoM) on Food headed by Finance Minister Pranab Mukherjee. “Ban on onion export has been lifted,'' Union Minister for Science and Technology Vilasrao Deshmukh told journalists after the meeting. Union Agriculture...

-The Telegraph   The Centre tonight banned onion exports to check rising retail prices, re-imposing the curbs only six months after it lifted them following a dip. At the same time, it lifted four-year restrictions on overseas sale of wheat and non-basmati rice to ease storage problems following record production last season. “Onion exports have been banned with immediate effect. The ban will be reviewed on a fortnightly basis,” food minister K.V. Thomas said...

India’s domestic wheat prices higher than international rates by around $100 per tonne; traders seek subsidy India’s food ministry will oppose a proposal to export wheat as it prefers to distribute the excess to the poor within the country, K.V. Thomas, Union minister of state (independent charge) for consumer affairs, food and public distribution, said on Thursday. “We want the wheat produced by our farmers to be distributed here first,” Thomas said,...