Click Here For The Peninsula Home Page
  Home | Site Feedback | Contact Us     
Qatar News
World News
Business News
Sports News
Entertainment
Features
Young Editors
Commentary
Editorial
Photo Gallery
Discussion Forum
From Our Archives
Search

Free Newsletter
e-mail:
Contact Us
Contact Details
Advertising
Newspaper Subscribe
Letters To The Editor
Site Feedback
Vietnam, India curb rice exports as prices double
Web posted at: 3/29/2008 4:15:10
Source ::: Reuters

Hanoi/new delhi • Major rice exporters Vietnam and India yesterday said they will curb overseas sales more in an effort to combat food inflation, threatening to heighten the world's anxiety over staple food supplies.

Hanoi confirmed it will cut rice exports by 22 percent this year from last. India raised the minimum sale price for rice exports by more than 50 percent, effectively ending overseas sales of all but the highest quality grades.

These are the latest measures by governments from Manila to Cairo to ensure sufficient supplies for their populations at a time when global stockpiles have halved and prices have doubled to multi-year highs.

While consumer nations like the Phillippines fret over food security, big producers are aiming to tame inflation by keeping more supplies at home to drive down domestic prices.

In Vietnam, consumer prices rose by nearly 20 percent in March, the highest in more than 12 years, while India's wholesale price inflation has surged to a near-14 month high, posing a major policy challenge.

Vietnam, the world's second-biggest exporter, will limit rice shipments to 3.5 milliion tonnes, down from 4.5 million last year.

 
Related Stories

17 soldiers killed in Kashmir avalanche

Student stabs convicted ex-cop

Mayawati hikes perks of legislators

Uttar Pradesh cracks major Maoist group

Uttar Pradesh cracks major Maoist group

Home Minister, three CMs meet today

Bengal reserves jobs for Muslims

Mahatma Gandhi watched first film at 74!

More World News


Qatar News | World Watch | Business News | Sports News | Entertainment | Features
Young Editors | Commentary | Photo Gallery | Discussion Forum

  Back to the Top © 2001 The Peninsula. All Rights Reserved.
Contact Us for any content re-production.
To advertise on the site, please get in touch with our Ad. Manager.
Site designed and developed by:
SiDSnetMinds