Saturday, July 23, 2011

Fieo welcomes move to permit rice exports

The Federation of Indian Export Organisations (FIEO) Southern Region has welcomed the Group of Ministers' recent decision to permit exports of 10 lakh tonnes of non-Basmati rice.

Mr Walter D'Souza, Regional Chairman, Fieo, Southern Region, requested the authorities to issue the necessary notification at the earliest.

Calling attention to the export potential of rice from Southern India, Mr D'Souza said that exporters in the region had already risen higher in the value chain after the branding of the fine variety of rice as Sona Masoori quality, which has become among the most sought after varieties in a short time.

The ban on non-Basmati rice exports since more than three years had put exporters in serious trouble, said Mr D'Souza, considering that they had put in their valuable time and energy for marketing the said variety.

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